New Ransomware Warnings: Is Your Business Safe from This Silent Threat?
- by Brittany Day
Ransomware has become one of the most notorious email-borne threats - these attacks have crippled governments around the country and consistently dominate security news headlines. In the last few months, ransomware attacks from phishing emails have increased by an astounding 109 percent. Cloud systems like Office 365, Dropbox and Google are unprepared and businesses are paying the price - literally.
More organizations are getting hit multiple times, often by the same type of ransomware. Many businesses make the lethal mistake of believing that they are too small to be a viable target for ransomware. This could not be further from the truth. Small- and medium-sized businesses (SMBs) are frequently victimized by ransomware campaigns because attackers recognize and take advantage of the fact that these companies often have smaller security teams and tend to have limited budgets for cyber defense. In 2018, one in three SMBs worldwide were hit by ransomware and one in five were forced to shut down operations completely until the infection was removed. Data reveals that the majority of small businesses are not able to recover from an attack, and 60 percent of small companies go out of business within six months of getting hit with ransomware.
Another common myth is that ransomware attacks are inevitable. Although in reality, the ominous threat that ransomware poses to all businesses can be eliminated by implementing an advanced, multi-layered email security solution.
What is Ransomware and How Does It Work?
Ransomware is a type of malware designed to block access to a computer system until specified ransom - in the form of untraceable Bitcoin - is paid. The malicious software encrypts a victim’s files until the victim has made the payment demanded by the attacker.
Ninety-four percent of malware is delivered via email, and phishing is one of the most common methods of delivery. When a user downloads a malicious attachment within a phishing email which contains ransomware, all of the user’s files are encrypted and made inaccessible until the ransom specified in a message presented to the user is paid.
Best Practices for Preventing a Ransomware Attack:
According to a Pwnie Express survey, 50 percent of cybersecurity professionals do not believe that their organization is prepared to defend against a ransomware attack. While it is not always possible to prevent a successful attack, practicing sound security habits and investing in effective email protection that takes a defense-in-depth approach to safeguarding business email accounts can drastically reduce your risk. Some tips and best practices for preventing a ransomware attack include:
- Think before you click! Make sure you have confirmed the legitimacy of an email before downloading any attachments it contains.
- Make sure your OS is patched and updated - this reduces the chance of vulnerabilities existing that cyber criminals could exploit.
- Back up your files frequently and automatically and protect the back-ups you create. This won’t prevent a ransomware attack, but it can reduce the damage caused by one. Be aware that backups are not foolproof: ransomware may sit idle for weeks until it is triggered, potentially destroying backups.
- Invest in a threat-ready, multi-layered Cloud email security solution that accurately detects malicious emails - such as those containing ransomware - in real-time and prevents them from reaching the inbox.
Guardian Digital EnGarde Cloud Email Security: Next-Generation Protection Against Ransomware and Other Persistent Threats
Guardian Digital recognizes that traditional antivirus software and many conventiontional email security solutions are insufficient in combating ransomware and other advanced modern threats to business email. Guardian Digital EnGarde Cloud Email Security addresses these shortcomings - providing complete, end-to-end email vigilance and identifying the most sophisticated emerging threats in real-time. Key features and benefits of EnGarde’s protection include:
- Multi-layered protection against social engineering and impersonation attacks using state-of-the-art intelligence techniques to recognize both existing and emerging threats in real-time
- Neutralizes threats associated with malicious attachments and links
- End-to-end email encryption and secure delivery - sender authentication protocols including SPF, DMARC and DKIM detect fake From addresses and block them automatically
- Tighter security, adaptive implementation and eliminated risk of vendor lock-in through the use of a transparent, collaborative development approach
- Fully-managed enterprise-grade solution that can be seamlessly implemented into your business’s existing infrastructure
- Scalable cloud-based system simplifies deployment and increases availability
- Expert, caring around-the-clock customer support
Interested in learning more about protecting your business from ransomware and other dangerous, sophisticated threats with Guardian Digital EnGarde Cloud Email Security? Speak with a Security Expert Today.
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