The more technology becomes an integrated part of every aspect of business, the more the ransomware threat becomes a problem.  This malicious software both locks and encrypts a victim’s computer data, making it impossible to access.

Once a company has fallen victim to ransomware, access will be restored only if a ransom is paid.  Similar to a kidnapping, the data is held hostage until payment is received – but because the perpetrators are criminals, even prompt payment does not ensure that the data will ever be returned.

Explaining Ransomware

The creators of ransomware operate on the premise of fear. They know that people are afraid of losing their data or of their computer being compromised – and also that most do not understand that the message they are viewing is a scam. Messages such as “Your computer has a virus. Click here to resolve the issue” are increasingly common, but now often add a demand for ransom. For example, “All files on your computer have been encrypted due to illegal activity. Please pay a fine $500 within  24 hours to unlock your data.”

Ransomware comes in various forms. The most common types of ransomware include:

  • Crypto malware. This is a well-known form of ransomware spreads quickly and often affects global corporate computer networks.
  • Lockers. This type of ransomware locks users out of their computer, making it impossible to access files or applications.
  • Scareware. This fake software disguises itself as an antivirus or a cleaning application. Scareware informs the user that computer issues have been identified, and then demands money to resolve the issue. Often scareware comes complete with hundreds of  annoying alerts and pop-up messages which you cannot get rid of.
  • Doxware. Also known as leakware,  this type of  ransomware threatens to publish stolen information online if you don’t pay the ransom. This may include sensitive files, personal photos, and email messages.

Ransomware remains a popular means of attack, and new ransomware families are discovered every year.

Protecting Your Company Against Ransomware

A malware or ransomware threat can be devastating to an individual or organization, and recovery can be a difficult process. In fact, it may require the assistance of a professional IT services firm or data recovery specialist.
Here are the basic steps you can take in the face of the these cyber attacks.

  • Make sure you have regular backups of all critical information. Keep the data offsite or on a separate device, so that you can recover your system without having to pay the ransom to resume operations.
  • Maintain up-to-date anti-virus software, keep your operating system and software up-to-date with the latest patches, and have a strong firewall in place.
  • Never click web links in unsolicited emails.
  • Never open an attachment if you do not trust the source. If the sender does not usually send attachments, you can also double check to make sure the email came from them.
  • Do not download software, games, or applications from anyplace but trusted, reputable sources.

Ransomware is able to steal or delete files if monetary compensation is not received within a short time frame – leaving most users thinking that they have no choice but to pay.  It can happen quite unexpectedly, and at the single click of a mouse. Therefore, it is important that you are as protected as possible, and that your team is trained to recognize the malware.

If you have any further questions or concerns, call an experienced Sarasota managed services firm. Alliance IT has the expertise and knowledge you need to protect your company from cyber criminals who are committed to harming your organization.