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Ransomware is on the rise - crippling organizations worldwide and consistently dominating security news headlines. In 2019, a new organization fell victim to this dangerous type of malware every 14 seconds. Ransomware, which is most commonly delivered in a phishing email, is designed to block access to a computer system until specified ransom - in the form of untraceable Bitcoin - is paid.
A ransomware attack can have devastating consequences for businesses including data loss, hefty recovery costs and significant downtime - or even permanent closure. Sixty percent of SMBs that get hit with ransomware go out of business within six months of experiencing the attack.
Cloud systems like Microsoft 365 and Google Workspace are unprepared to protect against ransomware and businesses are literally paying the price. Organizations are increasingly experiencing multiple attacks, often by the same type of ransomware. Ransomware-as-a-Service (RaaS) schemes on the dark web - which enable individuals and groups to have a disproportionately large impact relative to their knowledge and skills - are becoming increasingly prevalent. Mobile ransomware is also becoming increasingly common and problematic. Because mobile phones often lack adequate security defenses and contain valuable information, cyber criminals are devoting more time and resources to mobile ransomware development than ever before and mobile ransomware is now at the forefront of ransomware innovation.
The single most effective method of preventing a ransomware attack is ensuring that your organization has implemented a multi-tiered cloud email security that fortifies cloud email with critical additional real-time security defenses designed to fill the voids in built-in protection. As the majority of ransomware is delivered via a malicious attachment in a phishing email, an effective solution should offer malicious URL protection and should employ multiple email authentication protocols to detect email spoofing and prevent sender fraud. Secondary to investing in quality supplementary email protection, below are ways on how to protect against ransomware:
Backing up your files frequently and automatically can reduce the damage caused by a potential ransomware attack- but be aware that backups are not foolproof. Ransomware may sit idle for weeks until it is triggered, potentially destroying backups.
In the event that you do get hit with ransomware, it is important to be aware of the initial actions you should take to protect your data and recover your systems. These steps include:
Last but not least, learn from the incident. Perform follow-up tasks to prevent future attacks such as correcting the vulnerabilities that led to the attack in the first place and ensuring that you have a proactive, layered cloud email security solution in place to prevent ransomware emails and other malicious threats from reaching the inbox.
Read Further on: Ransomware Attack Explained - Best Practices For Ransomware Protection
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