5 Basic Steps You Can Take to Protect Your Business from Ransomware

Ransomware is not just “trending” among hackers. The first known case occurred in 1983 and, over the past 24 years, has evolved into cyber criminals’ most favored tool for making fast cash from unwitting businesses of all sizes.

How Is Ransomware Different From Other Viruses?

Ransomware is malicious code that, when accidentally downloaded and run on a device, holds business-critical and/or private data hostage until a requested fee is paid, usually in bitcoin. Phishing, or, sending imposter emails with the intent of getting the end-user to perform a certain action, is the favored method for deploying ransomware code.

Ransomware differs from other security threats in its primary goal: to get a quick, untraceable payment from you. While the code may be dispatched in a similar way, other viruses and malware have different primary goals, such as spying on your behavior or stealing your information to use it.

Ransomware Is Still Paying Off

Ransomware profited criminals $1 billion in 2016. Cyber attacks on small businesses of all kinds cost an average of $188,242 per breach in ransom fees, downtime, lost customers, and other revenue depletors.

Worldwide, organizations are increasing their cyber security spending. While a great portion of this spending is proactive, the bulk of this increase in cyber security spending happened in a furied response to an actual security incident.

Take These 5 Steps to Protect Your Business Today

  1. Security Awareness Training – Hold employee training, with a focus on identifying phishing emails and text messages, twice annually.
  2. Reliable Backups – Use an image-based backup system.
  3. Spam Filters & Phishing Alerts – Run your spam filters at the highest possible capacity.
  4. Endpoint Security – Gain control over devices connected to your network.
  5. Patching – Implement suggested software patches immediately.

How Do I Get Started?

Ask your IT manager or vendor how they are fulfilling all of the steps listed in this infographic. Take the time to identify any weaknesses in the solutions you currently use for vital elements such as backups and endpoint security.

Corsica Technologies can help your team audit your current security landscape and, if needed, provide managed security and managed IT services to help protect your business from ransomware. Email us to get started!

Corsica Technologies
Corsica provides personalized service and a virtual CIO (vCIO) who serves as a strategic advisor. When it comes to the complex integration of solutions for IT and cybersecurity, the whole is greater than the sum of its parts. We offer cybersecurity solutions, managed services, digital transformation, resale services, and one-off technology projects. Corsica unifies any combination of these services into a complete, seamless solution.

Related Reads

MDM vs. MAM: Which one is right for you? - Corsica Technologies

MDM vs. MAM: Which One Is Right For You?

How should you handle mobile devices that have access to company data and systems? This is a crucial question for today’s on-the-go, hybrid workforce. Maybe you give your team company-owned mobile devices. Or perhaps your employees find it more convenient

Read more
Managed Network Services - Everything You Need to Know - Corsica Technologies

Managed Network Services: Everything You Need To Know

For overworked IT teams, managed network services are a lifesaver. Rather than monitoring network logs, troubleshooting switches, and working overtime to mitigate vulnerabilities, you can engage a trusted partner to manage your network for you. But not all providers are

Read more

Sign Up For Our Newsletter

Stay up-to-date on the Managed Services and Cybersecurity landscape, and be the first to find out about events and special offers.