How To Deal With The Growing Threat Of Ransomware?

With many small businesses emerging, the competition in the market is increasing exponentially, and so is the threat of ransomware attacks. Let’s discuss what it is and ways to combat this breach of privacy.

What Is Meant By Ransomware?

It is a type of malicious software which takes hostage of the victim’s data by encrypting it, making it inaccessible to them. The next step is for an attacker to demand a ransom payment in return for providing the decryption key for unlocking the files.

Types of Ransomware

There are multiple types of ransomware software that attackers use to carry out their acts. Here’s a brief description for your understanding below.

Crypto Ransomware or Encryptors

They are one of the most popular and troubling variants. A crypto ransomware attacker encrypts the files and data in its own system, taking away access to content from the originator. The files with information inside the system become useless until an amount of ransom is paid to get the decoding key.

Lockers

This system entirely locks the user out of their systems, with a message demanding money displayed on the screen. As soon as the amount is transferred, that prompt is removed.

Scareware

It is a different approach. This malicious path makes the victim believe that their computers are infected, and they need to pay a certain sum to resolve the non-existent issue.

Doxware or Leakware

In this attack, the attacker threatens to publish sensitive information in return for money.

RaaS

In this type of attack, such professional hackers offer ransomware distribution and management services in exchange for a share of the ransom payments.

Who is At Risk of Suffering?

Well, every device connected to the internet is unsafe from the risk of ransomware.

They can target any vulnerable device; this includes gadgets like computers, servers, and even IoT devices. When any device on a network is compromised, the ransomware can spread rapidly and encrypt valuable files, leading to significant disruptions for businesses.

Therefore, it is a must to ensure that your connections to the internet are installed with up-to-date software security patches and reliable anti-malware solutions.

Responding To A Ransomware Attack

  1. Start with determining the systems that have suffered from the attack and isolate them to prevent further damage. This step lessens the impact overall. Other than that, you can disconnect the compromised systems from the network to halt the spread of the ransomware.
  2. The next step is prioritizing the restoration of systems based on their criticality to business operations. Restore the most important systems first to reduce productivity and revenue losses.
  3. Finally, have a professional review the entire environment for potential security upgrades to prevent future attacks and exploit further vulnerabilities.

Closing Note

You must factor in basic precautions or adhere to total safety. In case of help, reach out to Ranger WiFi Consulting. Our experts are here to guard your network so that you do not have anything to worry about. For more information, dial (281) 638-8835 or schedule an appointment online.