The main goal of cybercriminal organizations and independent hackers is to access your data in order to hold it hostage and to steal it.
And the endpoints (your computers) are the primary gateways to a wider network penetration, which includes internal and external servers, email, the cloud, and anything of monetary value to them.
According to James Scott, author of The CEO’s Manual on Cyber Security: "Ransomware is a particular cybercrime, since, for an attack to be successful, the victim must be an accomplice after the fact."
Given the large number of attacks that have hit the headlines lately, it is common knowledge that a ransomware is a malicious software that aims to hold your data hostage for ransom. The criminals then promise to release it in exchange for paying a ransom, usually in bitcoin.
Otherwise, they threaten to destroy that information permanently, disclose it to the public, or sell it on the dark web.
Any business can be a target for ransomware. No industry or sector of private or public activity, or company size, is immune to this type of attack.
In recent times, a growing number of Canadian businesses have fallen victim to cyber ransomware attacks.
Studies show that over 50% of SMBs pay the ransom, sometimes twice, first to free their data, and second to erase data that was stolen.
In other words, ransomware is the number one security threat that companies face. This is particularly the case for SMBs which generally do not have the necessary resources to effectively combat this threat.
Some notable statistics and observations on the current state of ransomware include those provided by KnowBe4:
Ransomware has become the attack you wouldn't wish on your worst enemy.
To counter the threat, you need to know how ransomware can infect your systems. These methods of accessing your systems are known as attack vectors. Here are a few.
Attackers therefore use all the means at their disposal to infiltrate the company and install malware and thus compromising their targets.
Of course, it is imperative that you apply best practices such as:
But it’s obviously always better to prevent a ransomware attack, as recovery can be arduous, complex, time-consuming and expensive, even if you have clean and recent backups.
After all, why take medication after the fact, when you can get the vaccine?
However, the situation of companies, more specifically, that of SMBs is as follows:
This is where Present’s Managed Security Service really makes sense.
The managed services for endpoint protection unifies detection, prevention and response.
As soon as a malicious behaviour is identified by the agent who uses artificial intelligence and automation, the service triggers a set of measures that immediately neutralizes the attack, with the following benefits:
In addition to our core service, which is focused on protecting endpoints, we also offer an extensive range of security services.
The right use of technology addresses business challenges and drives business growth in all areas of an enterprise. We hope this blog will offer insight into developing strategies and tactics to enable you to identify those key drivers of growth and keep pace with and anticipate the rapid technology change of today.