A report has been launched for business owners who may be at risk of ransomware attacks. The inSOC team explain how Managed Service Providers (MSPs) keep their clients safe from data breaches.
A provider of specialist turnkey cybersecurity solutions has launched a new report aimed at small-to-medium sized businesses (SMB) and small-to-medium sized enterprises (SME). The inSOC Inc., team explain many business owners may be unaware of the impact a ransomware cybersecurity attack could have on their organization.
Read the report in full at https://www.in-soc.com/blog/the-truth-about-ransomware-part-1
The newly launched report is designed to explain how organizations can protect themselves from ransomware and the ways in which Managed Service Providers (MSPs) can secure their clients from attacks.
Ransomware is a popular option for criminals explain the team because it is lucrative, quick, and easy. They add that a typical ransomware scenario may involve a fake email being sent to an employee or individual with an enticing weblink that encourages them to download malware.
While this may not sound too problematic, the inSOC team explain the malware will detonate on a scheduled date and encrypt all the data on local drives and file shares the user has access to. At this point, many organizations lose the ability to access critical documents and systems, from sales records, to employee payroll details and entrusted customer information.
Aside from significant data loss, downtime, and financial loss, companies risk losing the trust of their customers and employees through data breaches. The report continues by explaining companies have only three options once they have been hacked.
They can pay the ransom to release their data, recover whatever data they can from backups without payment, or they can start over. Chief Information Officer for inSOC Jeff Gulick explains all these options are bad because companies will either be added to a target list that highlights those who pay ransomware fees, or they lose their data.
A representative said: “Ransomware can impact large companies and small businesses equally, but the largest companies make the headlines. The most forward-thinking companies are finally taking ransomware seriously and are working toward prevention.”
The full report can be accessed via the link provided. Alternatively, more details on ransomware prevention can be viewed at https://www.in-soc.com/blog/preventing-ransomware.