How Do You Protect Your Business from Ransomware?

One of the most significant threats to your business today is ransomware. Several high-profile companies, government agencies, and even hospitals have fallen victims to these malicious attacks.

While the damages add up to billions of dollars every year, ransomware attacks are expected to increase in frequency this year. In this scenario, research suggests that businesses will be attacked every 11 seconds.

What Is Ransomware?

A ransomware is the name used to describe a type of malware that encrypts or blocks access to your data. The only way to regain access is to pay the ransom (often in cryptocurrency) demanded by threat actors.

These types of cyberattacks are aimed at businesses of all sizes. So, even if you feel like you’re too small to be targeted, you should take steps to secure your infrastructure from a ransomware attack.

Conduct a Risk Analysis

You have your standard security protocols deployed. But are you sure that you have resolved every potential vulnerability? What if you’re wrong?

In this scenario, it’s best to engage a third-party partner to conduct a security audit. It’s the best approach to identify and rectify potential risks missed by in-house security teams. For example, they will engage in penetration testing to ascertain your current security posture.

Patch Potential Vulnerabilities

If your IT infrastructure isn’t supported by a managed services provider, it’s critical to establish strict protocols to ensure that all software is patched immediately after release. This approach helps mitigate risk, but most companies fail to keep up as it’s a time-consuming process.

In this scenario, it’s best to hire an IT professional to manage maintenance and patches or move your enterprise infrastructure up to the cloud.

Backup Your Data

It’s vital to back up your data regularly to ensure business continuity. For example, if you had the unfortunate experience of falling victim to a cyberattack, a recent updated backup ensures little to no downtime.

As such, it’s crucial to back up sensitive data regularly and store it somewhere that’s not connected to the network. Furthermore, your restoration protocols should be checked frequently to ensure rapid restoration.

Devise a Comprehensive Disaster Recovery Plan

What if an employee clicked on a suspicious link and now all your data is encrypted? What will you do? Pay the ransom?

In the current threat landscape, it’s critical to ask yourself these questions and create a realistic disaster and recovery plan. When you have a comprehensive disaster response and recovery plan, you’ll be well-placed to protect your data, reputation, and revenue.

However, just having a plan isn’t enough. You should also test and tweak your disaster recovery plan regularly. If you’re working with a managed services provider, it’s critical to explore their disaster recovery plan before committing.

Engage in Regular Cybersecurity Staff Training

Educating your employees is crucial to cybersecurity hygiene. They must know how to identify suspicious emails or messages that could lead to a ransomware attack. So, make sure they know what NOT to do.

It also helps to establish a response plan and let everyone know what they should do if a device gets infected with malware. This includes immediately notifying the network administrator, isolating infected devices, disconnecting from the network, and changing passwords.

To keep staff alert, it’s important to engage in this activity regularly. After all, complacency is the enemy of cybersecurity. By taking a proactive approach to cybersecurity, you’ll be better placed to avert a ransomware attack or minimise the damage caused by one.

There isn’t a single solution or service that protect against ransomware attacks. Instead, you have to leverage the tools and expertise available within the organisation to respond effectively to the evolving threat.

Whenever you can’t manage it in-house, the best option is to partner with an established managed services provider.

At AU.IT, we go the extra mile to keep Australian businesses secure. To learn more about how you can protect your business from a ransomware attack, schedule a commitment-free consultation with one of in-house security experts.