Avoiding ransomware fallout: the five conversations you need to have within your business today. Thought Leadership from National Partner, Redstor
Below is an extract from a special Redstor White Paper, which details the latest threats and how to best protect your business from ramsomware fallout.
Security defences may be tight, but the fact remains that it is easier to infect a business today than it was several years ago. Ransomware attackers are using more creative, stealth-like techniques and traditional antivirus simply doesn’t cut it anymore. Industry experts warn it’s only a matter of time before a company suffers a data breach. So, it’s a case of when, not if.
Let’s face it, in today’s ‘always-on’ world, not having access to your business data for even a few hours can cause irreparable damage. You could lose business, face fines, damage your company’s standing, and have to deal with an extremely frustrated digital workforce.
Gartner reports the cost of downtime is more than £4,300 per minute, and this is growing. The reality is most companies put the actual figure higher than this as they struggle to quantify transactions lost to competitors and the impact to stakeholders.
WannaCry and NotPetya brought large and small companies to their knees (including the UK’s National Health Service) and cost billions to remediate – but it’s not just the next BIG ransomware attack we need to worry about. Every day, businesses of all sizes are falling prey to criminal groups, particularly in 2020:
ITProPortal reports that during the Covid-19 pandemic, more than half of businesses in the UK have suffered a phishing attack, while over a third have suffered a ransomware attack.
Emotive Covid-themed lures are prevalent. For example, fake financial scams offering government assistance or fast-track routes for test and vaccines in exchange for payment.
KPMG reports there is evidence that remote working increases the risk of a successful ransomware attack significantly. This is due to a combination of weaker controls on home IT, and a higher likelihood of clicking on a virus-themed email.
Ransomware is a type of malware (malicious software) that prevents you from accessing your computer (or the data that is stored on it). The computer itself may become locked, or the data on it might be stolen, deleted, or encrypted. It can spread in many ways. Some rely on human error; others are effective with no user input.
Read the full Redstor White Paper to find out:
· the most common five infection methods
· how to avoid ransomware fallout
· the cyber-security conversations that need to be had with CEOs and FDs.
Redstor is a cloud-first, data management SaaS vendor and cloud service provider specialising in backup and recovery, DR, archiving, search, and insight.
They work to support the Centre by contributing expert advice on improving cyber resilience, particularly in the area of data protection.
For further information visit www.redstor.com