Ransomware: What It Is and What You Can Do to Protect Your Business

Ransomware is everywhere right now. At Empower IT Group our clients are protected, but here are a few tips on how to protect your business data.

What is Ransomware?

Ransomware is malicious software accessed via an email attachment or a website that encrypts files on a computer network without user knowledge — effectively locking that data. The only way to decrypt the data is to pay a “ransom” to the criminals who did it to release the data.

The Statistics

• 85% of companies targeted said their systems were down for a week
• 82% of ransomware infections are triggered by email clicks or lack of staff training
• 63% of businesses have no ransomware policy in place to guide staff on what to do
• 53% estimated that the attack cost the business $1,0000 to $2,000 per day in lost revenue

How Can You Secure Your Network?

1. Training
Rigorous and ongoing training of staff regarding internet and email safety. Knowledgeable users can avert most threats with internet “common sense”.

2. Protect Your Data
Data protection following the three C’s – in the form of Consolidated, Consistent, and Confirmed offsite storage of all data backups.

3. Technical Solutions
Technical Solutions including fully updating systems with security updates, antivirus, and crypto-prevention software. Solutions that provide for filtering of emails and websites for malicious content before it is seen by end users.

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