This post is part of a series sponsored by TSIB.
According to IBM’s 2023 Cost of a Data Breach Report, data breaches are estimated to cost businesses on average $4.5 million in 2023. Statista said 317M Ransomware attempts occurred worldwide in 2023.
Unfortunately, the increase in ransomware attacks across all industries has become alarming and has unfortunately become an easy “payday” for cybercriminals. There are many types of Malware, malware intended to cause harm. One of them that is enjoying great popularity is ransomware.
Ransomware is a specific type of malware that prevents you from accessing your data and software. As a business owner, this is extremely worrying, especially when there is also the risk of your data being published publicly.
To regain access to your data, you must pay a ransom. However, there is no guarantee that your data will be recovered even after paying the ransom.
You need to keep an eye on what is happening on your computer at all times as ransomware attacks are common by email. It’s important that you take a moment to verify the email sender. Once you have confirmed that the sender is legitimate, it will be safer for you to click on any links/attachments in that email. Downloading attachments from unknown senders allows the ransomware to get onto your computer.
Other practices you can implement include:
- Using strong passwords
- Enabling multi-factor authentication
- Do not use automatic logins
One way to minimize your ransomware risk is to do the following: Secure your information to another computer server or application, thereby creating a copy of your data. Your backups should be stored offline to avoid attacks. The more you secure your information, the better. It ensures that you still have access to your information in the event of an attack on your company. However, it is important to test your backups regularly in case your data is infected with ransomware that would spread to your backup. Fortunately, you can often get earlier file versions of the backup before the data was infected if this happens.
These cyberattacks have increased the need for cyber insurance. If your business doesn’t already have cyber insurance, now is the time to get it. Ensure your organization is protected from ransomware attacks and minimize your organization’s overall risk. The internet can be a scary place, but protecting your data doesn’t have to be. Contact TSIB and talk to us about the best cyber insurance for your company.
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Cyber
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2024-06-27 18:37:07
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