A ransomware attack is a malicious software that encrypts your files and data in order to demand a ransom. This type of malware targets websites and password-protected online accounts. It can also target financial records and personal health information. Although some ransomware can be easily detected, some may remain hidden. This is why identifying a ransomware infection is essential. Although large corporations are frequently the target of well-known hacker groups, anyone can be affected by this type of attack.
There are many things you can do to protect your business from ransomware attacks, including Email filtering and cloud services to back up data. Business insurance is another way to mitigate your risks. You should consider getting a policy that covers cyber-attacks and other risks. Taking the necessary precautions can help protect your company from cyber-attacks and protect your customers.
A common way for ransomware to enter your network is via an email attachment or phishing link. When an employee clicks on a suspicious link, they open the door for ransomware to take control of your computer network. However, this can be prevented with email filtering. Some basic protection is built in to some email systems but we recommend investing a proper solution which helps block emails containing phishing content, spam, malware or malicious links (such as Microsoft 365 Defender).
Educate Your Employees
The most effective way to protect your business from ransomware attacks is to educate employees. Informed employees are better equipped to detect and report suspicious emails. Providing targeted training to employees is another vital step. Hackers target employees through their wireless networks, logins, and emails. This is why you need to educate employees about ransomware and create a security framework that allows them to recognize secure websites.
Cloud Services to Back Up Data
Cloud services to back up data are a great option for businesses that need to keep a copy of their most important data. However, they come with certain risks. For example, if a ransomware outbreak happens on a device you use to backup data, it may be difficult to recover your data without a cloud backup. This is why it is imperative to implement a good backup policy for your business data.
A good backup strategy should include local and offsite backups. While onsite backups are important for efficiency and speed, offsite backups are vital to protect your business. Cloud services are a great option for offsite backups because they can be isolated from your network.
Cyber Liability Policy
If your business is not currently protected by cyber liability insurance, you need to consider getting one. Cyber liability coverage is particularly important for businesses that store or process personal information. Also known as third-party liability coverage, cyber liability policies cover the cost of legal fees in the event of a cyberattack. This coverage is especially important for companies that store sensitive data, such as credit card numbers and Social Security numbers. If your customers’ personal information is stolen, you can face serious legal fees and judgments.
You must install business grade antimalware software (ideally with built in ransomware protection) on all your computers and servers. This is due to their real-time threat detection and mitigation capabilities. Antimalware software helps protect you against malware (malicious files/executables) accidentally downloaded via your employees or spread by other means such as USB pens.
Zero Trust Application Security
Zero trust application security & application security solutions are powerful tools when it comes to Ransomware and other types of Malware. They block all software by default and only allow it to run one if it has been approved by the business or deemed safe by the security tool.
Keeping Systems Up to Date
Regularly updating programs and operating systems helps to protect you from malware. When installing updates, ensure sure you benefit from the latest security patches. This makes it more difficult for fraudsters to take advantage of vulnerabilities in your programs.
Ransomware attacks are a serious threat to businesses and can cripple their operations. Fortunately, ransomware attacks are preventable. The best way to prevent them is to educate your employees on safety practices. After all, no one intends to visit a website that contains ransomware or to open an email attachment from an unfamiliar source. By educating your employees and ensuring the latest security updates, you will reduce the risk of a ransomware attack.
Once you’ve detected a ransomware infection, you need to isolate infected computers from the rest of the network. If you’re unable to do so, shut down the system or disconnect it from Wi-Fi. You’ll need an IT professional to remove the malware. Then, report the infection to law enforcement, which will help you prevent further problems.