Ransomware is a cyber threat that is active for years. It is propagated by cybercriminals in order to affect businesses and individuals by encryption of their files and making a ransom request. Companies from different industries across the world become the ransom targets including legal, educational, healthcare, and technology companies.
There are many reasons for ransomware investigations for your business. Ransomware has been doing a lot of damage and making a lot of profits for those behind these attacks. The methods of attack have changed over the years to stay ahead of the technology that is used to stop them.
Ransomware attacks have become a common threat to businesses. If you don’t run investigations on your employees and ensure that you have a solid backup plan you run the risk of your company going under. Here are a few reasons why your business needs to hire a reputable firm to carry out your ransomware investigations.
Ransomware costs a lot
Ransomware attacks are a common threat that many businesses face. And the fact is, they are increasing in number and severity. The average cost of a ransomware attack is $1 million. And that’s just the average cost. For example, a hospital in Los Angeles, California, was attacked and had to pay $17,000 in bitcoin. And then there are the cases of even larger businesses like the city of Baltimore, which paid a ransom of $76,000 in damages after their computer systems were infected.
One of the biggest problems with ransomware is the cost. Ransomware attacks cost businesses a lot of money. The problem is that many organizations have trouble calculating the full impact and cost of a ransomware attack. As mentioned above, an average cost of a ransomware attack is around $1 million, including downtime, lost productivity, lost business, and other factors. A ransomware attack can also damage a company’s reputation. Even if companies don’t pay the ransom, a ransomware attack can damage a business’s reputation.
The attacks are becoming smarter by being targeted
Ransomware is a type of malicious software that infects a computer and restricts users from accessing it until a ransom is paid. Ransomware is no longer a problem that only affects your grandparents; it is now a very real threat to small businesses as well. In fact, many business owners weren’t even aware of ransomware until they got hit by it. Because ransomware attacks are often targeted, a small business may not even be aware of the infection until it is too late. When a small business gets hit by ransomware, it can be devastating. Hopefully, it can be contained. If a small business can’t pay the ransom, then it will likely lose all of its data. This is especially true if they don’t have backups.
Ransomware is one of those attacks that has been around for a long time now but has never really gone away. It’s become more widespread, more influential, and more dangerous. But it’s not just the criminals that are changing; it’s the attacks themselves. Ransomware has evolved from the “run-of-the-mill” malware that would take over your computer and send you a message saying you need to pay a ransom for it to be unlocked. Today’s attacks are much more targeted and sophisticated, and businesses need to be aware of this.
Your data gets stolen even if it’s returned
The data on your servers is valuable, and the data on your computers is important. With the growing prevalence of hacking, ransomware, and long-term data loss, it’s easy to see why losing access to your data can be an even bigger problem than losing access to your servers. While many ransomware victims are capable of recovering their servers, they are rarely able to recover data that was encrypted. Even if the victim pays the ransom, there is no guarantee that the criminals will return the data.
If some of your files get encrypted by ransomware, you may be lucky enough to get them back. But chances are, even if you do, the data will be damaged. This is because the attackers usually shut down the original files and then create new encrypted versions of them. This means you lose access to both versions.
