Ransomware explained – August 2020

Despite recent research showing a decline, ransomware is still a very serious threat and you should continue to remain aware and cautious about the file-encrypting malware.

Ransomware is a form to malware that encrypts a victim’s files – the attacker then demands a ransom for the victim to restore access to the data upon payment.

There are several ways for attackers to take access of a computer. The most common remains phishing spam – These come in the shape of attachments in e-mails sent to the victim, masquerading as a file they should trust.

So, how do you prevent ransomware?

There are several steps you can take to prevent ransomware infection, and many good security practices in general which improves your defences from all sorts of attacks:

1) Keep your operating systems patched and up to date to ensure fewer vulnerabilities.
2) Do not install software or give it administrative privileges unless you know exactly what it is and what it does.
3) Install the latest antivirus systems
4) Back up your files regularly

Though the number of ransomware attacks have gone down, it is a very dangerous attack which is why it is important to remain aware of it. ransomware is a big business – in 2017, ransomware resulted in $5 billion in losses. In 2019, one kind of ransomware software collected $1 million in ransomware money. – Stay Safe, Stay aware.

If you need to speak to us about protecting your business, or if you have any questions, we are happy to assist you; please contact us.