This article will discuss about back up your data is best protection from Ransomware. A recent report conducted by endpoint and server security app vendor SentinelOne painted an alarming picture of most companies’ vulnerability to ransomware attacks and their apparent lack of ransomware protection. In fact, the survey data collected from IT shops in the U.S., the U.K., France and Germany revealed that nearly half of the responding companies had already been victimized by ransomware at least once. The rate of attacks was consistent across all of those geographies. Ransomers also proved to be equal-opportunity interlopers going after small, midsize and large companies at about the same rates, and showing little preference for any particular industry verticals.
Most ransomware gets into your systems by evading antivirus or other security to directly strike at your company’s weakest links: users. Email and social media phishing accounted for a whopping 81% of the attacks documented by the survey, followed by clicking on infected or hijacked websites (50%). Best defense when it comes to ransomware protection? You could take away their computers, tablets and phones and unplug the internet.
Some of the survey respondents (45%) said they were able to reverse the effects of their attack by decrypting the encrypted data. From what I’ve seen with some of these ransomware events, that’s a pretty miraculous achievement. But 25% of the ransomers’ prey reported they were able to survive the attack because they had recoverable current backups of the encrypted files.
Losing data is pretty bad, but some businesses lost even more than that. Thirty-seven percent felt their companies’ reputations were tarnished as a result of the event, and 22% said that a high-level head or two got chopped because of the infraction. But most reported that they ended up spending more money for better security (67%) or even cyberinsurance (15%) to provide ransomware protection.
A toast to backup
Interestingly, the survey on ransomware protection, or lack thereof, apparently didn’t provide another option for that question, that of backup and disaster recovery. I’m sure the companies that managed to survive ransomware attacks did so because they had current data stashed away somewhere, and they are now toasting the often-maligned backup gang as heroes. And those who didn’t make out as well are likely looking at ways to improve their data protection practices.
The truth is that good storage practices and effective data protection are the only things standing between your company losing its data or paying a big price to get it back. And it really is all about backup and DR. If you think encrypting everything will provide ransomware protection, think again. Some encryption algorithms can encrypt already encrypted data — try saying that three times fast, but don’t bet on it working.
These attacks can be crippling to a company, and the more data that gets tied up, the more serious the consequences. But with a copy or two of current data nestled safely in the cloud, you might not just save your company’s.
Feel free to contact E-SPIN for ransomware preventive and solution and backup availability, performance and security monitoring and testing application.
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