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Ransomware Attacks are on the Rise

Posted on February 27, 2020

According to Cybersecurity Ventures, a cybersecurity firm and the world’s leading researcher in global cyber economy, it is predicted that globally, businesses in 2021 will fall victim to a ransomware attack every 11 seconds, down from every 14 seconds in 2019.

In addition, it is estimated that the cost of ransomware for businesses will top $20 billion in 2021. One of the biggest issues today is the recovery cost from a ransomware attack. With the rise in cyber-attacks, companies must be more educated in the proper steps to prevent themselves from falling victim to a cybercrime. Prevention is ultimately the key to safeguarding your business. With ransomware attacks on the rise, experts share tips on how to recover if your company becomes a target of ransomware. 

  • It is VERY important that you clean up any trace of the ransomware. To be on the safe side it may be smart to delete the storage that was affected. This way anything tracing back to the ransomware is deleted, making it easier for you to download new drives.
  • Make sure you immediate download the latest security software. Remember that if you have the newest security software it will be harder for you to become a victim of a cyber-attack.
  • Educate yourself as well as your employees on how to prepare for a ransomware attack, how to detect a possible attack, the steps you take to defeat an attack, and lastly how to recover from an attack. If you and your fellow employees are educated on what to do in the case of a ransomware attack, the more likely you are to detect an attack before it becomes a major issue.  
  • Frequently backup all important files and keep them separate from all local and open networks. 

Global ransomware attacks cost businesses and governments tens of billions of dollars last year. Apogee is a certified, high-value partner of eSentire’s manage, detect, and remediation (MDR) solutions. MDR ultimately avoids risk all together discovering weaknesses before they become full-fledged threats. For more information on how being proactive with MDR can secure your company visit: https://www.apogeeitservices.com/ 

Source: https://cybersecurityventures.com/ 

Tagged Ransomware, IOT, Cyber Security, Safety, Apogee, 2020

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