What You Need to Know About Ransomware Threats

by | Aug 6, 2021 | Tech Scams

The number of ransomware threats continues to grow every year. For example, a study done by ZDNet found that the number of ransomware attacks in H1 2020 rose by 715 percent compared to the first half of the year 2019. For this reason, every business needs to invest in cybersecurity measures to mitigate the cyber threat risks.

Ransomware is a common cybersecurity risk facing businesses. So, it is crucial to have a watchful eye and invest in the best security software. Start by ensuring that your computer is not an ideal target for ransomware. Also, having a possible plan like backing up your data is an additional measure to protect your device.

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Ransomware is Always Evolving

Ransomware threats have been around since 2005. But due to the complexity of technology, attackers are now making use of new techniques through ransom crypto ware. A victim’s files get encrypted through this malware using a specific key. 

Shockingly, it’s only the invader with access to the key, making it riskier than a sheer keyboard or computer lock. Currently, malware is not just limited to desktops or laptops. Instead, it has evolved to be able also to target other mobile devices like smartphones.

Anyone Can Be Affected

Cybercrimes like ransomware have become a significant area of concern to law enforcement bodies. They impact individuals and corporate sectors, academia, and government agencies.

According to Symantec, a cybersecurity firm, an estimate of at least five million dollars gets extorted from ransomware victims every year. Besides, many companies pay ransoms and fail to report making the figures a conservative estimate.

Managed Security Services

With the number of cyber threats growing, managed security services providers are also becoming common. They guide you through the administration of your company’s security processes. 

Managed security services providers, set up the best I.T infrastructure, handled your incident response by taking containment measures, performed routine security scans, and implemented other security management functions of your company.

Preventing Ransomware Threats in the Workplace

You can avoid ransomware threats by enhancing security practices. Such practices are:

  • Modernizing your anti-virus software regularly
  • Staying away from mistrustful emails
  • Backing up your system regularly on external or off-site hard drives
  • Avoiding malicious sites

Connect with us to learn more about ransomware threats.

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