Ransomware is malicious software downloaded that is designed to lock the user out of their system or files or publish sensitive data until a ransom is paid.
Did you know that 43% of all cyberattacks target SMEs? Did you know that a ransomware attack occurs every 11 seconds? As criminal hackers become more organised and ruthless, many large businesses are investing heavily in cyber defences. With smaller budgets and fewer resources, this leaves SMEs as the perfect target for cybercriminals.
With a focus on rebuilding business, supply chain issues, or staffing post-lockdown, many SMEs are limited in both time and resources. The move towards remote working and unsecured home networks has also played into the hands of hackers, who are also turning their attention to service providers, enabling them to attack multiple SMEs at one time.
The best ways to protect your business from malicious software is to keep all operating systems, browsers, plugins and antivirus and malware software updated. Also, only use secure networks, don’t click on links in emails, backup all data regularly, use strong passwords, install a firewall, block all pop-ups, and use encryption software. Of course, educating your employees on how to protect themselves and your business against malware is also essential. If the worst does happen and your company experiences a ransomware attack, Cyber Insurance helps with incident response – specialists to identify the issue and repair; Data recovery and restoration; Cyber extortion management and fees; and Lost income and additional costs related to the incident.
How can Cyber Insurance help your business manage and recover from a ransomware attack? Why not ask us today how we can help you and your team.
Contact our team at answers@oceanins.com.au