Ransomware is a perennial buzzword across all industries. Unfortunately, this topic is perennial because the threat that ransomware poses to business operations and client data safety continues to crop up time and time again. While the topic of ransomware can feel intimidating and nebulous, the concept itself is actually quite simple. Ransomware is a malicious software program that encrypts users’ files. Once this happens, the encrypted files can only be accessed via password after the “ransom” is paid by the user. In effect, cybercriminals steal access to documents and request money in return for the password to gain access to your own information. To make matters worse, ransomware attacks can affect just one laptop or an entire company’s server.
Why You Should Not Pay
When paying the ransom, it is more likely that you will lose money while never regaining access to your information. Additionally, it shows that you are willing to pay ransoms, meaning that you will likely become a target for further attacks. By paying the ransom you are condoning the behavior of cybercriminals and giving them exactly what they want.
Prevention is the Most Important Step
Phishing emails are the most common way for cybercriminals to initiate ransomware attacks. When in doubt, double check with the IRIS team or your current IT security provider to ensure links and attachments are secure and verified. Human error is often the primary cause of ransomware attack success. Thus, educating employees on this topic and prioritizing your cybersecurity budget is crucial. If you have concerns about your team’s ransomware attack readiness, the team at firstname.lastname@example.org is happy to help guide you and your team through preparation and protection options.