It’s Not Your Imagination, Ramsonware is On the Rise

It’s Not Your Imagination, Ramsonware is On the Rise

We have talked about several major ransomware events over the past year, but these were far from unique. Ransomware and cyber security events have been on the rise lately and it’s been made abundantly apparent that NO ONE is immune to them.

From the yet to be officially validated Kia Motors attack, to the narrowly avoided disaster with a Florida Water Plant. No attack had more widespread coverage for a while (including by us) than the SolarWinds breach that seems to go deeper and deeper. These are just a few in a massive list of growing ransomware events that have happened to companies of all sizes. If you think your business is too small to be a target think again.

According to this Datto report, one in five small businesses will experience a ransomware event. While larger businesses may be eyed as prized targets by hackers, most of the time they also have the staff and resources to put up a better defense against cyber security threats. This makes them much harder for hackers to infiltrate.

A lackadaisical attitude towards being hit by a ransomware can cost your business big time. Ransomware extortion amounts continue to skyrocket, with the average demand in Q3 2020 being $233,817 according to the cybersecurity firm Coveware.

If you’re thinking a demand like that could bankrupt your business, you’d be correct in that fear. 60% of small businesses will go out of business within 6 months of a cyber security attack.

We have made an infographic with statistics on cyber security threats in 2021 so far.

Infographic on Cyber Security

We’re not presenting this facts to you in an effort to make you feel hopeless, there is a way to prevent an attack from hitting your business in the first place. The ONLY way to avoid a serious cyber security threat is to have proactive cyber security prevents in place. Many business owners cannot achieve this on their own.

Cyber security prevention is an ongoing process, it’s not just installing a virus scanning software and configuring a firewall and calling it good. Business level cyber security protections can be complex to configure and manage.

Your business has more hardware, more data and more assets to protect. Comparing it to what’s needed to protect a home PC network is apples and oranges. If you’ve just been crossing your fingers that it won’t happen to you that’s NOT a good idea, because statistically there’s a good chance that it will.

If your business needs assistance in a cyber security plan that’s not just about checking boxes or relying on hope but actually protecting all of the valuable systems you need to run your day-to-day operations, reach out to Valley Techlogic today.

Looking for more to read? We suggest these tech articles from the last week.

This article was powered by Valley TechLogic, an IT provider in Atwater, CA. You can find more information at https://www.valleytechlogic.com/ or on Facebook at https://www.facebook.com/valleytechlogic/ . Follow us on Twitter at https://twitter.com/valleytechlogic.