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Ransomware: What You Need to Know for 2017

Ransomware has become an increasingly prevalent topic in IT circles and the mainstream media at large.

If you still don’t quite understand what ransomware is then be sure to check out this video before reading on:

Today we’re going to look at recent research to help you understand the implications for your business.

What Does the Ransomware Research Say?

Datto’s 2016 Global Ransomware Report did a great job of highlighting some of the perceptions surrounding ransomware.

The whitepaper reports that 88% of the IT channel identify as ‘highly concerned’ about the threat.

So why do only 34% of small businesses feel the same way?

Around half of businesses were targeted by ransomware in 2016, so it’s basically a coin toss to determine if you will be hit this year.

Moreover, an IBM survey of 600 business executives shows that a whopping 70% of targets paid the attackers to regain access to their systems.

What does this mean for you?

Endpoint antivirus software like AVG and Symantec offerings need to be combined with cloud-based backup and monitoring tools.

Proactively monitoring your infrastructure will allow ransomware attacks to be identified and quarantined. Backing up with a platform like Microsoft Azure will provide the option to access a virtualized version of your environment, often within mere seconds.

ransomware

Compare this to the hours and even days that may be wasted without these measures in place, and you can clearly see that you need to protect your business against ransomware in some way.

If you doubt the impact of downtime on businesses, then be sure to read our short post on The (Frighteningly) Real Cost of Downtime to UK SMBs.

Will You Become a Statistic?

Consider the following:

  • 88% of the IT channel are ‘highly concerned’ about ransomware
  • Just 34% of small businesses feel the same
  • 49% of businesses were subject to an attack in 2016
  • In another survey, 70% of targeted businesses had to pay the ransom to regain access

Security measures are improving but attackers are quickly growing more sophisticated, so it is unclear if these figures will change in 2017.

Do yourself a favour and don’t let your business become a statistic.

Speak to us today about how you can incorporate cloud-based solutions into your business.

Improve efficiency, manage costs and most importantly, stop worrying about security and downtime!