Even in the era of increasing cybersecurity risks, disaster recovery initiatives are drastically underfunded. In fact, 40 percent of companies don’t even have a documented disaster recovery plan in place.
Cybercrime is a growing threat, and businesses are scrambling to hire qualified security talent to keep up. There will be 3.5 million unfulfilled cybersecurity jobs by 2021.
Cyber threats have grown in size and sophistication, and it’s clear that no business is completely safe. Almost 50 percent of small businesses have experienced a cyberattack.
Cyberattacks are on the rise. Global ransomware damage costs exceeded $5 billion in 2017 – fifteen times higher than 2015 losses. Ransomware attacks target businesses of any size, leaving millions of personal records exposed and IT teams scrambling to recover data.
No business is immune to data breaches. High-profile companies like Equifax and Uber experienced massive cyberattacks in 2017 that compromised millions of user accounts and put countless people at risk of identity theft. The number of data breaches in the U.S. rose 29 percent in the first half of 2017.
The world is full of cybercriminals. They penetrate complicated data structures of huge credit-monitoring companies like Equifax and snatch personal information from millions of people. They release sensitive customer data from discreet businesses like Ashley Madison to the public. They spy on celebrities through webcams, lock down public utility systems like the German railway and steal thousands of gigabytes of information from high-profile government entities like the CIA.
Employee computers are the gateway to your software, programs and critical data. Are you taking proper steps to protect them?
Imagine for a minute that you’re the CEO of a scrappy, promising new start-up. In the beginning, it was just you and two other employees working on dinky PCs out of a 12-by-12-foot office, but things are picking up.
The company is growing rapidly and heading into uncharted waters. You're so busy with building your business, you haven't had time to think about cybersecurity.
In today's world of rampant cybercrime, every savvy business owner knows the necessity of locking down their data. However, we find that the cyber security technologies used by the vast majority of businesses are woefully out of date. Sure, your current solution may have worked great, but digital threats to the safety of your company are constantly evolving. Criminals will eventually attempt to breach your data — and your barriers are not as secure as you might think.
Ransomware attacks seems to follow a similar pattern. First, HR or another targeted user receives a file as an attachment. What was disguised as a résumé quickly becomes a nightmare for IT support and snowballs into a full-out crisis. But ransomware doesn't have to compromise your business. There are ways to prevent against ransomware attacks and stay out of the spotlight.
What Is Ransomware?
Ransomware is malicious software that encrypts your files or shuts you out of your computer until you pay a fee.