You’ve probably seen an old movie or cop show where criminals took a hostage, perhaps the son or daughter of a prominent official. They offered to return the child unharmed, but only after mom or dad paid a ransom, usually quite a significant sum of money.

This kind of thing can happen in real life, too… and not only in the physical world, but the digital world as well. There’s a common type of cyberattack known as ransomware, in which a cybercriminal will take an individual or organization’s precious data hostage. In order to access their data again, the victim must pay the ransom. And, just like in the movies, that tends to be quite a significant sum of money.

It’s crucial for businesses to be vigilant against ransomware. A good starting point is simply knowing more about what ransomware is and how it works.

How Ransomware Works

It’s important to note that ransomware takes many forms, and hackers are constantly evolving in their methodologies. With that said, the typical ransomware attack might look something like this:

  • It all starts with a piece of malware, designed to deny a specific user (or an entire organization) access to the files on their computer or in their cloud storage folder.
  • The hacker who sent the ransomware will encrypt the files, making them accessible only to those who have the decryption key. The hacker will then offer this decryption key upon the receipt of a sizable ransom.
  • Essentially, a ransomware attack deprives businesses of access to a really important piece of data, placing the business owner in a position where the easiest way to restore that data is to simply pay big bucks to the hacker.

Ransomware has become one of the most common forms of cyber-attack, meaning it’s something that business owners and IT teams should have on their radar at all times.

What to Do About Ransomware

To that end, there are a few preventative measures that should be in place at any business:

  • A majority of ransomware attacks happen because employees open emails that they shouldn’t. Be consistent in training your employees about how to identify and avoid phishing emails.
  • Data backups. One of the reasons why ransomware is so effective is that it cuts off a company’s sole access to an important file. Routine data backups can ensure that you have different ways to access the data you need, cutting off the efficacy of a ransomware attack.
  • User authentication. Many hackers access data with stolen passwords, or even by guessing weak passwords. Added layers of user authentication will make it harder for criminals to access your data in the first place.
  • Robust cybersecurity. Finally, it’s critical to talk with your cybersecurity vendor about different software solutions to minimize ransomware risk.

Responding to Ransomware

A reliable cybersecurity provider can also be an invaluable ally if you do fall prey to a ransomware attack, walking you through the possible steps to recover your data without having to pay an exorbitant cost.

If you’re in the Charlotte, NC area and need a stalwart cybersecurity team, reach out to BlueArmor. We’re happy to help you prevent ransomware attacks, and to respond appropriately should your best preventative efforts call short.