Ransomware sounds bad and it is bad. If possible, you want to avoid anything to do with it. At its least harmful, ransomware can cause pop-up warnings that try to sell you security software. At its most evil, it can lock and encrypt your files and data until you pay the ransom to have the files decrypted.

Companies of all sizes are susceptible to these attacks, which usually occur when a user clicks a malicious email attachment. They come disguised as every day shipment notifications, invoices, and other types of email attachments that seem safe to open. Malware is also transferred by infected website user visits.

Attackers then demand payment in difficult-to-trace online currencies. Generally, the ransoms are below $500-which is why many people pay rather than lose their files/data. It’s still profitable for attackers.

Shoring Your Defenses

Ok, let’s not unplug the router just yet. There are ways to prevent attacks. For one, watch what you click. Make sure any attachments or links are coming from trusted sources. If not, hard pass.

Back up your data routinely–preferably through a cloud service with off-site storage of backed-up files. Knowing when the attack occurred and installing a backup can avoid re-infecting equipment.

If you can, think about replacing the infected devices. If it’s in the budget and you can get it delivered quickly it’s easier to install backups, than mess with infected gear.

It’s also a good habit to make sure you have the latest updates to your software. Especially for plugs-in such as Java, Flash, ad blockers, or other extensions.

All of this can help thwart an attack and prevent your company’s information from being held hostage.

Bottom Line

Investing in security measures is critical in today’s business world. Ransomware is another security risk that you should take seriously. Make the investment in the software that provides the latest protection. And take the time to educate your employees about the potential traps and dangers. If you have questions please feel free to contact 1st Source Bank.