CYBERSECURITY: Ransomware Nightmare

A ransomware attack takes place every 11 seconds, no business is safe from this menace. The most likely tool cybercriminals use to launch ransomware attacks is phishing email. Without proper awareness, employees aren’t always on the lookout for these emails leading to major disasters.

FACTS:

DO RANSOM PAYMENTS RECOVER YOUR DATA LOSS?

Fewer than 60% of companies that pay the ransom when they’ve been hit by a ransomware attack are able to recover even part of their data. In fact, 39% of companies that pay a ransom never see any of their data again.

DOES CYBER INSURANCE COVER THE RANSOM PAYMENT'S MADE?

Paying ransom may be illegal, and cyber insurance is unlikely to cover the ransom payment. Always check with your insurance provider to understand your coverage.

WILL WE EXPERIENCE DOWNTIME IN A RANSOMWARE ATTACK?

The targeted company will most likely experience downtime, potentially losing revenue and business opportunities. Companies impacted by ransomware lose an average of six working days. An estimated 70% of the damaged company’s employee productivity is lost while the incident is being remediated.

EMPLOYEE'S INNOCENT ACTION'S CAUSE SECURITY FAILURE

The cybercriminals perpetrating this ransomware attack might use ransomware to carry out any number of the following actions or several of them at once:

• Hackers encrypt the victim company’s data, computers, machines, production lines, or other business systems, paralyzing their operations.
• Cybercriminals steal data, records, employee information, patient files, formulas, blueprints, financial data, customer lists, or other proprietary data.
• The perpetrators of the attack threaten to harm the victim's company by publicizing the attack or releasing information about the stolen data that could cause the victim embarrassment or harm.
• The hackers will then demand payment to provide remedies for these problems.

HOW DOES SECURITY AWARENESS TRAINING HELP?

Employees are trained to be alert to the danger presented by unexpected messages, even when they’re official sounding. They’re also equipped with the skills that they need to take the right actions when faced with a suspicious message, like checking for common red flags that indicate phishing.

JACKSON TECHNOLOGIES - YOUR CYBERSECURITY ALL-IN-ONE SOLUTION

Paul Jackson, CEO/Cybersecurity Specialist of Jackson Technologies, has witnessed different damages caused by phishing attacks. Our team can help your organization mitigate the risk.

Plan ahead and start your cyber strategy before it’s too late!