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Protecting Yourself And Your Business From Ransomware Threats

Intivix President Rob Schenk was joined by CAL Insurance’s Joe DeLucchi for part 2 of our 3-part webinar series. The focus of this presentation was the risks ransomware pose to small and mid-sized businesses.

Ransomware is a nasty type of malware that encrypts data it finds on infected systems and networks. The only way to regain access to your data is to pay the hacker responsible for the decryption key. It’s estimated that only 1 out of 4 ransomware victims report  that they’ve been targeted, so getting accurate statistics is challenging. But of those that came forward, 25% of businesses that paid the demanded fee did not get their data back.

Because there are now so many different ransomware strains, antivirus and antimalware software can’t always keep up. 93% of reported infections occurred despite the use of these programs. Ransomware is designed to outsmart traditional defenses, and there are several different ways that cybercriminals can get their malicious code into your business’ network.

Some hackers are moving towards phishing scams to infect your network, bypassing your IT security measures all together and placing malicious emails directly in the inbox of unsuspecting employees. By posing as a legitimate business like a bank or social media entity, hackers fool users into clicking on attachments or links that infect their system with ransomware.

Malvertising is another popular trend. Hackers use real websites to target victims using ads that either download a virus directly onto your system, or redirect you to a malicious website that then infects your system. These hackers use legitimate-looking content to fool users into believing that they’re real ads that link to real sites. Exploiting vulnerabilities in Flash add-ons is another popular hacker tactic.

There are 5 Ransomware Prevention Action Steps you can take to help protect your business:

  1. Install The Right Security Tools (Multi-Layer Security Is Key)
  2. Verify Your Backup/Recovery Solution
  3. Provide Security Training For All Employees
  4. Implement Strong Windows Policies
  5. Consider Next Gen Remote Access Tools

Having a reliable Data Backup and Disaster Recovery Plan in place is crucial. Talk to your IT provider about the options available to you, and what steps you need to take to make sure you can get your business back up and running quickly. While it is possible to get some protection for your business through a Cyber Liability Policy, insurance can’t minimize downtime or restore your reputation. Get a risk assessment for your business, create an action plan with your IT provider, and make sure your business receives ongoing maintenance of your cyber security measures.

Want to find out more about how Intivix can help protect your business from the threat of ransomware? Contact us at [email protected] or (415)-549-9681. We’re the trusted IT experts for businesses in {city}.