You Can Successfully Combat Ransomware

What do you know about ransomware?

You probably know that ransomware is a form of malware that can block access to a computer system. Only after the ransom is paid—usually in the form of Bitcoin—is a decryption key handed over to the victim, at which point the victim can theoretically unlock and access his files (though there is no guarantee that this will always be the case; after all, we are dealing with criminals).

Would you like to know more?

Ransomware is prevalent. There are literally hundreds of millions of ransomware variants. Ransomware is also extremely successful (for criminals!); estimates put the cost to businesses and individuals at $1 billion in 2016. The growing sophistication of malware in general and ransomware in particular means that no cybersecurity plan should be thought of as foolproof or a guarantee that data is safe and untouchable by cybercriminals. The odds are high that if your business has not yet experienced a ransomware attack it will—and sooner rather than later.

Because ransomware is so wide spread and profitable, businesses must do all within their power to protect their data in order to avoid a ransomware disaster, which cannot only cripple a business, but even put it out of business should decryption fail and mission-critical data be lost forever.

What can be done?

As part of a business continuity plan, the FBI recommends protecting your organization from cyberattacks—including ransomware—by being proactive in following these three steps:

  1. Back up data regularly.
  2. Verify the integrity of those backups regularly.
  3. Secure your backups.

That’s where the cloud plays an important role in protecting your organization from a ransomware disaster. Where ransomware is involved, restoration of an endpoint or server from a backup works best when you can easily select a moment in time from where to restore. Mozy by Dell keeps up to one year of file versions, meaning if you have identified the point of infection and the time the malware was introduced to the machine, Mozy can restore all of the files for the given user from the point in time just before the malware was introduced.

We’re here for you

We here at Mozy are serious about protecting your data and educating businesses of all sizes about threats to data. We’re putting the screws to ransomware! We know malware isn’t going away; however, we also know that there are tried and true methods to prevent a ransomware disaster that you can include in your business continuity plan.

To help you understand more about this form of malware and, more importantly, to help you know what you can do to protect your data, we’ve created a four-part blog series about ransomware. The first in our series will be published next week. (Update: Parts 1, 2, 3, and 4 have now been published.)

The more you know about ransomware and other threats to your business-critical data, the more you will understand that you don’t have to be a victim. With the right tools and preventive measures in place (including Mozy cloud backup), you can successfully combat ransomware as this consultant does on a daily basis.

In the meantime, be sure to check out these important assets about protecting your business against ransomware:

   •     Ransomware: Frequently Asked Questions

   •     Preventing a Ransomware Disaster