Been Hit Again?

Posted May 31, 2022

Would you pay again if ransomware hits you again?

Last year, 37% of businesses were victim to an attack.  Ransomware is one of the most prevalent cyber crimes in the world

What is Ransomware? Im sure you know, but in simplest terms, a Cyber criminal gets in to your systems, encrypts and stops access to your data. They then ask for a ransom for you to get it back.

These ransoms have grown in value over the past few years, to tens of thousands of pounds.

But it’s not just the ransom to worry about. There are the fines, the stress, reputational damage, downtime and IT costs that goes with it. In 2021, the average downtime after a ransomware attack was 22 days. That’s basically a working month before your systems are back up and running.

As with any ransom demand, the official advice is ‘do not pay a ransom’

However, a worrying new survey is showing that 97% of businesses who’ve been subject to  a ransomware attack, would indeed cough up the ransom quickly if they were tricked again.

A third of them would pay straight away, without question!!

What does that tell you about what a nightmare the whole thing is for any business?

That just shows how important the Data is to those businesses and their operations, and what a massive pain the whole thing is for them!

The next problem is that when you pay a ransom, it’s never a guaranteed that your data is returned. The average,  is only 65%,  of data is restored once a ransom is paid. Some is corrupted, the criminals keep some, or like on a massive attack last year they can not get it un-encrypted.

You may then get further extortion. And because you have already paid one ransom, your   letting cyber criminals know that your business pays. So you are likely to face more attacks.

What are the best ways to deal with ransomware?

Get the right security measures in place to try to prevent an attack! Its that simple

  • Train your team on cyber security and the best practice
  • multi-factor authorisation across all your applications
  • Use a password manager
  • Make sure all updates and patches are installed quickly
  • Have a proper backup in place – Not just what you deem to be the most important data and not just on site. And Test it

Also, have a Response and Recovery plan, so you know how to respond and how you recovery from an outage. But also test it!

This will help your business respond faster and reduce the downtime and the money spend on ransom or fines.

This is what we do. We help businesses improve their cyber security, create the plans and  to reduce their chances of being affected. Book a discovery call here


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