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5 Things Business Owners Should Know About Ransomware

Ransomware has become a growing problem in recent years as more and more data is being stored in the cloud. Although most people are aware of the basics of what ransomware is, many business leaders don’t know the factors that can put them at serious risk. 

Businesses become more vulnerable to ransomware attacks when their leaders have limited knowledge surrounding the issue. To help your business avoid this tragedy, Corporate Technologies has put together five things that every business should keep in mind. 

1. Cybercriminals aren’t picky

Regardless of the industry you’re in, your business is a potential target for ransomware attacks. It’s important to understand that cybercriminals aren’t concerned about what you do- as long as they benefit from the attack. 

2. Ransomware is often a two-part attack

Ransomware isn’t just limited to locking up files to extort payment. It’s become more common as a two-part attack. The first part is to steal the data, and the second part is to encrypt the systems. As a result, this gives the cybercriminals two ways to take your money. With that being said, companies should be prepared to deal with two scenarios simultaneously: a data breach and a ransomware attack. 

3. Rapid moves to the cloud and remote work increase the risk

Configuration errors are a concern as more businesses are rapidly moving to the cloud. When you combine that with remote workers using insecure networks, you’ve uncovered the “soft underbelly” of your security systems. Absolute ransomware readiness must include data preservation and quick recovery, in addition to prevention.

4. Thoroughly review  backup strategy

It’s crucial to train and educate your employees to recognize the signs of a hacker attempting to gain access to your network. Additionally, backing up the system is another essential part of the recovery process. Examine your backup process: when your files are backed up, how often, and whether they’re full or incremental.  It’s also important to test your backups regularly to ensure that everything is operating as it should. 

5. Backups should be separate from your primary network.

There’s only one dependable way to recover from a ransomware attack: Restore encrypted files from your most recent backup. Although a “perfect” backup may not be feasible due to technical limitations, make sure you keep backups separate from your primary network and monitor them on a regular basis

While these are all important to know, the list goes on- That’s what Corporate Technologies is here for. We are devoted to helping your business prevent ransomware, and in worst case scenario, recover your data. 

Contact us today to learn more about how we can help you!

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