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.
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.
Protecting your company infrastructure against attack is top priority. But due to the complexity and time demands of IT departments, patches often get overlooked. And given the recent WannaCrypt and Petya ransomware attacks, the need for a well-defined patch management process is more critical than ever.
When you think of data security breaches, companies like Target and Yahoo probably come to mind. But now more than ever, network security threats are targeting small businesses. Still, for many small business owners, investing in the necessary network protections gets overshadowed by more immediate tasks.