Ransomware is the number one cybersecurity concern for modern businesses. Falling victim to ransomware can render your machines and network unusable and could result in your business or customer data being leaked online. These consequences can cause damage to your profitability and your reputation. In this article, we’re going to look at the risks of ransomware, how ransomware spreads and how Carden IT Services can help to protect you.
What Is Ransomware?
Ransomware is a type of malware which encrypts your data, rendering it unusable and inaccessible. The “ransom” part comes from the fact that this encryption is normally accompanied by a threat that unless a ransom is paid, the controller of the malware will either;
- Delete the data.
- Leak the data.
- Permanently encrypt the data leaving it inaccessible.
Ransomware attackers normally ask for this ransom to be paid in cryptocurrency to an anonymous online wallet. Unfortunately, due to the business and reputational risks associated with having their data leaked or deleted, many businesses end up paying this ransom. This only makes ransomware a more lucrative business to future criminals. In fact, ransomware is now such a good source of income for hackers that there are now black market “ransomware as a service” providers who sell their generic ransomware to other, smaller criminal enterprises and even operate their own customer support call centres to help implement their ransomware attacks.
What Are The Risks Of Ransomware?
Companies which fall victim to ransomware can find themselves unable to do businesses, or even access their systems for a prolonged period time. In addition to the lost revenue for every hour they are unable to trade, businesses also face reputational damage from the general public knowing they have been compromised. Even if the ransomware attacker never does release the victim’s data online, customers will have less faith in a business which is unable to adequately protect their data.
It’s not just businesses that are at risk from ransomware either. Any organisation which uses technology is at risk. Schools, charities, hospitals, even government agencies, have all fallen victim to ransomware attacks in the past few years.
How Does Ransomware Spread?
As with most malware, victims of ransomware are often tricked into downloading and installing it. This can be achieved through a variety of methods, but email is the most common attack vector. Once downloaded, ransomware can spread throughout your network. It can commandeer your email and send further copies out to other users in your contacts, who are now more likely to download and open the attachment as they will believe it comes from a co-worker.
Other pieces of ransomware, such as the NotPetya ransomware used in attacks throughout 2017, have featured a piece of malware which automatically searches your system for saved passwords, allowing the ransomware to gain access to other services and spread through them. Once the ransomware reaches your system admin or other team member with admin privileges, it can easily spread across your whole network.
How Carden IT Services Take Steps To Prevent Ransomware Attacks
Our comprehensive cybersecurity package include several data security solutions designed to prevent, mitigate, and recover from ransomware attacks. This includes;
- Ransomware Protection
AI-driven, cloud-based ransomware protection software can help to detect the warning signs that a programme on your machine is attempting to encrypt your files and folders. It can also prevent data being exfiltrated back to the attacker.
- Network Monitoring
Our managed security operations centre monitors our customers’ networks 24/7 for signs of anything suspicious, including the ransomware. Any suspicious activity is immediately flagged to our cybersecurity team for further review.
- Cybersecurity Training, Testing and Simulations
Knowledge is one the best defences you can have, our team provides cybersecurity training to your team about how to avoid ransomware attacks and the risks they pose. We can then follow up by testing both your team and your network through penetration testing and simulated phishing emails. These services test the preparedness of your data security standards and can help your business to discover both technological and human-error based vulnerabilities in your network.
- Dark Web Scans
The dark web can be a confusing and dangerous place to start poking around in. Luckily, we have automated dark web scanning systems which can scour the dark web for your business’s sensitive information, like passwords which may have already been leaked from previous attacks. While there is no easy way to remove this information from the dark web, knowing it is there can give you a heads up on which information about your business has already been compromised and which passwords need to be change urgently.
- Off-Site Backups
As part of our disaster recovery services, we provide regular off-site cloud backups of your data as well as virtualised versions of your network. In the event that your on-premises network is compromised by ransomware and rendered inaccessible, you can continue to use the virtualised version in the cloud while our disaster recovery team works to bring your on-premises systems back online.
Hopefully this has been a useful guide to what ransomware is, its risks, how to protect your organisation from ransomware, and how Carden IT Services can help to prevent and mitigate it. If you would like to learn more about our ransomware protection services, speak to our cybersecurity team today.