Ransomware: It Could Happen to Your SMB

Today there may be more crime on the Internet than on the street. One of the most vicious cybercrimes is ransomware: a malicious software (AKA malware) that encrypts files, locks computers and retains control until a certain amount of money is paid. If the victim fails to provide the ransom, the attacker destroys the data. Think your SMB is too small to be a target? Think again. More than 70 percent of ransomware attacks are aimed at small businesses, typically through email-borne infections.

A Costly Cybercrime Wave in the Making

Ransomware has become a serious epidemic, so protecting your company is more essential than ever before, as the number of these attacks continues to rise. A recent U.S. Government interagency report indicates that, on average, 4,000 daily ransomware attacks have been reported since early 2016. That’s a 300 percent increase in just one year!

As ransomware spreads, it is evolving and getting more sophisticated – and more lucrative. In fact, according to Internet Crime Complaint Center, ransomware victims paid more than $24 million to these cybercriminals in 2015 alone.

Protect Your Business: Be Proactive and Reactive

In order to protect your company from this very real cyber threat, you need to keep security top-of-mind throughout your organization. Prevention is your best course of action. Start by educating your employees about the dangers of email attachments and keeping them alert to attacks. A well-planned reaction to an invasion is also essential. Be ready to stop malware in its tracks if it does succeed in penetrating your system.

Get Proven Tips on Fighting Ransomware

IBS is a managed services provider with nearly four decades of experience in helping SMBs stay competitive and secure. Download our free SMB Ransomware Guide, and get detailed advice about protecting your system from ransomware and preserving your data if that invasion does happen.