What is Ransomware?
- Type of malicious software threatens you with harm, by denying access to your data.
- Ransomware attacks may lock data on your computer, network, and other internet-connected devices
Most common types of ransomware
- Crypto ransomware
- Locker ransomware
Why are Small businesses a target?
- keep very little to no budget for cybersecurity
- Without any security protocols in place, hackers can easily attack
- more likely to pay the ransom because they are forced to choose between paying or closing down the business.
- Targets company’s computers, and conscripting them into an army of bots to perpetrate massive DDoS attacks
- Target smaller partners as a way to get into the systems of large companies.
- Your valuable data are targeted primarily for profit, data such as:
- medical records
- credit card information
- proprietary business information
- bank account credentials
Paying the ransomware attackers
- Payment to sanctioned hacker may be illegal, depending on location
- Signaling a crackdown for consultants who helps organizations pay off cybercriminals
- No guarantee that you will get your data back
What to do if you are attacked
- Quarantine the affected machine
- Remove the malware & identify the security weakness
- Inform employees & customers
- Contact your issuance agent
- Plan your response
- Try to regain access
- Restore the data
- Abandon the data
Preventing Ransomware Attacks
- Education and Training
- Automated backups
- Minimize attack surfaces
- Create an incident response plan
- Endpoint monitoring and protection
- Ransomware insurance