1310 Nowell Road
Raleigh, NC 27607
What used to be simply one threat present in the cybercrime landscape has now become the clearest and present danger to modern businesses.
It feels like we can’t go more than a few days without there being another ransomware story in the news. What used to be simply one threat present in the cybercrime landscape has now become the clearest and present danger to modern businesses.
Don’t assume we’re exaggerating this for effect — experts estimate that a ransomware attack will occur every 11 seconds in 2021. Here are just a few key examples, out of the thousands of incidents that occurred in the past year:
Cybereason recently conducted a survey of 1,263 cybersecurity professionals to study the real-world effects of ransomware. There are a number of key costs that will come with a ransomware attack, including:
Finally, there’s always the chance that all these costs combined will spell the end for the business in question. According to Cybereason, 26% of respondents had to close their businesses for good.
In a nutshell, ransomware is becoming more common, more expensive, and more pervasive. Have you stepped up your cybersecurity measures to compensate?
Just a few years ago, ransomware wasn’t as big of a concern. While high-profile incidents like the WannaCry attack on the NHS were concerning, they were far and few between. If you had a recent backup of your data in place, you could rely on that to replace your data in the event it was encrypted by ransomware.
Since then, however, the way cybercriminals use ransomware has evolved. They have improved their tactics and capabilities, allowing them to do much more damage, and demand much more money. Characteristics of modern ransomware attacks include:
Given the effectiveness of modern ransomware attacks, defensive methods and best practices from just a few years ago are already losing feasibility.
Gaps In Your Cybersecurity Posture:
Relying On Basic And Limited Cybersecurity Technology:
Failure To Keep Systems Up To Date:
The Ongoing Evolution Of Cybercrime Attack Vectors:
Poor Cybersecurity Maintenance & Practices:
Lack Of Awareness:
Failure To Plan Your Cybercrime Event Response:
4 Important Lessons To Learn From Recent Ransomware Attacks
The most important lessons we can learn from the recent attacks are the following:
If reading about these ransomware attacks makes you wonder if your business is vulnerable to security breaches and cybercriminal attacks, don’t wait until you are attacked to come up with a plan.
To be clear — a simple backup solution will no longer provide adequate protection against ransomware. You need to invest in a more extensive suite of IT security solutions:
In summary, there will never be a way to be 100% protected from an attack, or worse, an actual breach. However, by implementing the proper security measures, training, and constant re-evaluation of these security measures, the risk of being infected with ransomware can be dramatically reduced.
Get in touch with the CSP team to discover more about developing a modern ransomware defense.
Always at your service to provide the highest level of quality support to our customers.
Anthony Firth Client Engineer
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Raleigh IT Support Company and IT Services Provider | CSP Inc.
1310 Nowell Rd,
Raleigh, NC 27607
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