While the number of security threats unfolding each day continues to rise, and everyone is cautioned to be on alert, there is a specific responsibility that businesses have.  In many industries, it’s the law to maintain protections for networks, clients and customer data. Failing to comply can have detrimental effects on the business. According to reports, 85 percent of MSPs said in 2019, ransomware threats were the biggest threat faced by SMBs.

There’s no room to leave holes in your protection.  

Let’s review some of the basics and how you can protect your business from the risks.

What is Ransomware?

To review, ransomware is a form of malware that attacks the victim’s system by targeting specific files and keeping them “hostage” until a ransom amount is paid. A malicious file is used to enter the system and encrypt the files so they are no longer readable. In many cases, the hackers will even threaten targets with publishing sensitive data if a financial amount is not paid. This type of attack, which began around 2012, is compounded because it includes an attack of the computer system, access to private data in files, and also the withholding of information.

Users are usually tricked into clicking on a file that’s disguised as safe, allowing it to spread. Some of the most popular ransomware attacks include CryptoLocker and WannaCry and extorted millions and threatened the data of hundreds of thousands.

In addition to the ransom requests, there are also the costs of recovering from a breach including the cost to repair and replace hardware and rebuild a company’s brand to consider.

How to Protect Your Business

There are things you can do to mitigate the risk. It starts with becoming informed about all of the potential threats and any risks that your business should address head-on. It’s important to take inventory of what protections you lack and which holes need to be patched. You should also ensure your staff is properly trained in handling suspicious links in emails.

From there you can invest in anti-malware software as well as firewall hardware and a data back-up system.

Even with these steps taken, however, it’s important to know that many of the ransomware victims reported earlier said they had antivirus software and other filters in place to help protect their security and still fell victim to an attack.

This points to an even bigger case for taking a multi-layered approach to security at your business. You need more than just security software. You need a business continuity plan, disaster recovery, and network-level monitoring.

Choose ASG to Protect Your Connecticut Business

With a managed IT network security plan you can increase your company’s IT security defense against attacks from cybercriminals, hackers, and even employees. If you want to avoid data breaches and regulatory fines, you need the right network security plan for your business. CONTACT US TODAY!