Ransomware is one of the worst modern cyberattacks and we can support this claim. These attacks and their impacts have devastated businesses time and time again. Let’s look at the ransomware impacts and what we can do to fight it.
Ransomware is a high-level version of keep away. Basically, they take your data and apply military-grade encryption to it, then they make you pay a ransom so you can get it back. Sometimes, even after the ransom is paid, they don’t even decrypt the data, or sometimes they decrypt it but also say that they’ll leak it unless you pay them more.
This might seem like a simple problem to solve and you might say that the ransom could be budgeted into your cost of business, right? No. Usually, ransom demands are way beyond the means of a business, by multiple decimal points and there’s also no guarantee that your data can be restored.
As tempting as it may seem, we encourage you to never pay a ransom. On one hand, not paying could end very poorly for your organization, but you don’t have any guarantee that paying will do anything for you. You might even be funding later attacks.
Ransomware also brings about a lot of questions of legality and compliance. If your data is leaked, you might face legal ramifications. But, you also might face legal ramifications for paying a cybercriminal.
We want you to know that the best way to protect your business is to keep it from becoming infected in the first place. MyTek can help you in this regard by providing advanced security measures, user education, multi-factor authentication and so much more. If you’re interested in learning about ransomware impacts, give us a call at 623-312-2440.