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Ransomware Attack is something you have probably heard and read a lot about. but if it happens to you, what happens next?
If you subscribe to “Be Cyber Safe,” you’ve probably read a lot about the dangers of ransomware. Hopefully, you’ve learned a few things about recognizing and handling ransomware attacks.
Just how bad can these attacks get? Let’s take a look!
Walk Through an Average Ransomware Attack
Cyber criminals use various methods to target their victims. One of the most popular methods is to use highly effective phishing tactics. With advancements in AI, cyber criminals now have more powerful tools to deceive the unsuspecting. They may also use brute force to gain access and take control of your system and devices. The approaches they use to target their victims are limitless.
The attacker will install ransomware software after successfully infiltrating the victim’s system. This malicious software is often camouflaged to resemble legitimate programs or concealed within a seemingly harmless file. Once the user unwittingly interacts with the disguised software or file, the ransomware will unleash its destructive payload, damaging the system and potentially compromising sensitive data.
Once the malicious actors have encrypted the victim’s files, they will demand a ransom payment in exchange for the decryption key. The payment, usually in cryptocurrency such as Bitcoin, makes it more difficult to trace and helps prevent the victim from being caught by authorities when the victim reports an attack.
Many people who have fallen victim to data encryption malware and paid the ransom to retrieve their data have reported that they never received their data back. Therefore, it is crucial to understand that paying a ransom is not a reliable solution to recover your data. Conducting regular backups of your system and network is highly recommended to keep your data safe and secure. Additionally, it’s essential to perform routine tests on your backups to ensure that you can restore your data in any unexpected situation. By adhering to these precautions, you can avoid losing access to your valuable data.
Cyber criminals often engage in a despicable extortion tactic called double extortion. Even if they do decide to return your data, they demand a ransom to prevent them from sharing your private information with the public. This can leave you feeling helpless and vulnerable. Unfortunately, even after you pay the ransom, there is no guarantee that your information won’t still end up on the Dark Web, potentially causing irreparable harm.
A recent development is the “Triple Attack,” in which cyber criminals extort the people whose data they got from you—you know, your employees or your customers.
Fighting Ransomware
On average, 560,000 records are impacted by a ransomware attack, and the cost of recovery is $7.2 million. It’s crucial to safeguard your data and systems to prevent such an attack from happening to your organization. Don’t let a ransomware attack compromise your valuable information or impact how the public views your organization.
Imagine this scenario: you’re working on your computer, and suddenly a message pops up notifying you that all your files have been encrypted and that you need to pay a ransom to regain access. What would you do in such a situation? If you’re unsure, it’s essential to take action now. Contact your IT team or superiors for guidance on handling a potential ransomware attack. If your organization doesn’t have a response plan, advocate for a program to develop one. Being prepared and knowing what steps to take can save you time, money, and stress in the long run.
To prevent malware or viruses from spreading from one machine to another across the local network, disconnect all affected machines immediately. This will prevent the harmful software from causing further damage to the network. Quick action is essential to mitigate the risk and ensure the safety and security of the machines and sensitive data.
NEVER pay the ransom!
In addition to providing regular training to your staff on how to avoid cyber threats, the most effective way to safeguard your organization is to install monitoring and detection software on every device connected to your network. Timely detection and isolation of compromised devices can prevent the malware from spreading across your network and thwart the attack.
In 2022, there were nearly 500 million ransomware attacks. The frequency and demands for money have increased. The most effective way to protect yourself is to stay informed about the latest ransomware threats and understand the severe consequences that can result if you fall victim to malicious actors’ tactics.
In today’s digital age, ransomware has become one of the biggest threats to data security. This malicious software can infiltrate your system and hold your private data hostage until you pay a ransom. Unfortunately, ransomware attacks are on the rise and becoming increasingly sophisticated. It’s crucial to take proactive measures to protect your data and know what to do if an attack occurs. By doing so, you can minimize the impact of an attack and ensure the safety of your private data.
Are you concerned about your organization’s safety and security? Look no further than Commonwealth Sentinel. We offer a range of comprehensive services, including software and hardware solutions, training, and policy implementation, to help reduce risk and ensure the well-being of all. To learn more about how we can help you achieve peace of mind or to schedule a consultation, click here or contact us at (502) 234-5554.
At Commonwealth Sentinel, we stay focused on cyber security so you can focus on other things.