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Why Ransomware is Blowing Your Budget

Ransomware is changing quicker than the authorities can keep up, and if you don’t have a plan of attack, you might be the next victim – if you aren’t already. Ransomware is on the rise, and the costs to combat it continues to squeeze the life out of your company. Ransomware is blowing your company’s budget, and there are reasons why your current IT strategy won’t protect you.

Ransomware in the News

Ransomware is a type of malicious software that does exactly as the name suggests – demand a ransom for access. Many people associate ransomware with their computer systems, but recently, Geek.com reported that criminals are hacking smart TVs and smartphones. Once the thieves are in, they lock up the screen and demand payment for access.

 

Plain and simple – ransomware is extortion. The real question is how much are you willing to pay criminals to access your files? For large businesses, small to medium-sized companies, and distribution warehouses, paying to access the data is critical because it is the lifeblood of the company. According to a CNBC report, ransomware cost users at least $200 million between January and March 2016. The bigger your company is, the bigger the payday for criminals.

What You Need to Know About Ransomware

There are a few things you need to understand about ransomware to protect yourself from the threat. Ransomware first made its disastrous debut in 2013, with the Cryptolocker threat. Cryptolocker was a threat that hid in phishing emails. Once the user clicked a link or opened an attachment, the virus would download onto the computer.

 

Similar threats make their way into personal and business computers that same way – phishing emails. Shady websites are also dangerous culprits, especially if a user tries to download a game, app, or file from the site. It is best to stick to app stores and play stores, to prevent that kind of attack.

 

Now that you see how easy it is for users to invite ransomware attacks in, you need to take steps to combat it. Your company could be one phishy email away from a devastating and expensive data hijacking.

Combating Ransomware

Companies and individual can take steps to resist ransomware, but they cannot combat the threat alone. And what happens if your company does face extortion, what steps should you take? If you don’t have the proper tools and know-how to prevent and address ransomware, you will continue to bleed your company’s IT budget on unnecessary services that are ineffective and ill designed to address ransomware. Not to mention the money you will likely fork over to either gain access to the data, replace the systems, or replace the data.

 

NSA has a thorough plan of attack to monitor for ransomware, to train employees to avoid dangerous security threats, and to protect your company’s data. NSA’s solutions work with your existing IT solution to expand your security, not replace it entirely. NSA specializes in proactive solutions and methodological action to save your company money and time. NSA professionals complete a needs assessment and provide you with budget-friendly solutions that are efficient and compliant to protect your company – contact us today for more information.