- August 22, 2020
- Posted by: Hashim Shaikh
- Category: Cybersecurity
One of the greatest disasters that every organization needs to be ready to combat is ransomware, the scariest and costliest of online attacks in the world. Companies can’t ignore strategies for Business Ransomware Protection in 2020.
Otherwise, they will have to pay a hefty sum to prevent the hackers from publishing the company’s information or blocking access to vital files. In 2019, this kind of malicious attack hacked the files of more than 200,000 organizations.
This denotes a 41% rise compared to the previous year. Almost $85000 were paid in the last quarter of the month by companies to release these files! Find out more about the strategies companies need to follow in order to protect themselves from ransomware attacks.
Five strategies for Business Ransomware Protection in 2020
Ransomware does not just mean that you might have to pay a huge ransom to regain your files. An attack can also lead to a halt in operations until you regain access to essential files. So, it’s necessary to set a strategy to protect your company today.
- Implementing Security Technology and Managing Access
Be it virtual, on-site, or on Cloud – the applications and systems of an enterprise are multiple. So each needs its own strategy of threat management. However, the strategy must present a unified front to prevent numerous weak spots that hackers will love.
It is also essential to ensure that only the right people use your systems. Having multiple users and user devices means more gateways for hackers to explore. In addition to this, you need to implement multi-factor authentication and monitor remote access.
- Updating Patches to Address Threats
A centralized patch management process will help acquire and test existing applications and software and install new code changes as needed to keep them updated. Using outdated tools gives hackers the chance to detect their vulnerabilities.
It is prudent to address the threats of ransomware dynamically and implement updated tools of unified threat management. You need to be able to identify access attempts from malicious IP addresses and prevent them from infecting your systems.
- Integrating Multiple Data Protection Tools
A multi-point data protection system, with several protection and backup points, will make it difficult for hackers to crack into the system. Maintaining separate servers, data storage, SSL encryption, vulnerability scanning, networks, etc. will limit the damage.
It will take a lot of effort for hackers to break into each system, and they will only be able to damage what they can access. It is worth remembering that using software with digitally signed macros is also essential for the security of your business.
- Managing Employee Behavior
It is not enough to employ security systems to protect your company’s data and limit damaging access. Most hackers manage to gain access to a company’s data because of the mistakes and carelessness of employees. So it is essential to educate them.
You must organize regular training sessions to teach them about ransomware threats and how to minimize risks by following specific protocols while accessing company networks and accounts. They need to know about safe clicking, phishing attempts, etc.
- Backing Up Data for Business Continuity
It is not always possible to predict all threats and prevent them, even with the best efforts. But you can at least enforce a plan to recover quickly by regaining access to data. Enforce data and system backup for effective business continuity.
A 3-2-1 backup strategy can offer a high level of protection. This strategy requires –
- Have three copies of company data
- Use two types of media
- Store a single copy in the Cloud or off-site
Don’t forget to update your backup. Ensure that accessing backup files directly through the backup system is not possible, as your backups are not free from the risk of ransomware attacks.
While big companies may have to pay thousands of dollars to regain access to the files that are essential for running their operations, medium and small companies are not safe either. In fact, hackers target the latter as they don’t invest as much as a large company to prevent malware attacks.
Fortunately, with the right strategy in place, you will be able to protect your company, not only from paying a hefty ransom but also from losing precious hours of operations and earning revenues.