Do you know $2.3 Billion lost to CEO Email Scams? 93% of phishing emails are now ransomware? By the end of 2021, there will be a ransomware attack on a business every 11 seconds.

What is ransomware?

Ransomware is a type of malicious software, or malware, designed to deny access to a computer system or data until a ransom is paid.

Typically, the attacker demands payment in a form of cryptocurrency such as bitcoin. Only then will the attacker send a decryption key to release the victim’s data.

How does ransomware work?

Ransomware is typically distributed through email phishing, malvertising (malicious advertising), and downloading. The ransomware encrypts selected files and notifies the victim of the required payment.

How to prevent to be the next ransomware victim?

  1. Back up all your data: Backup data on a regular basis. You’ll have all your data and you’ll prevent the ransomware from spreading to other systems.
  2. Patch your systems: Update software and operating systems with the latest patches.
  3. Protect your network: Take a layered approach, with security infused from the endpoint to email to the DNS layer. Set up firewall and introducing DNSSEC in your Network.
  4. Segment your Network access: Limit the resources that an attacker can access. Setup firewalls to protect data and applications.
  5. Monitoring your Network: Monitoring network and data center. Deploy a demilitarized zone (DMZ) or add layers of security to your network.
  6. Prevent initial infiltration: Most ransomware infections occur through an email attachment or a malicious download. Education users through training. Never click on links or open attachments in unknown emails.
  7. User awareness training: The weakest link in the security chain is usually human. Educate your users with the latest cyber-attack, empower them not to fall for a phishing trap.

What do you do if you’re already a victim of ransomware?

Don’t pay the ransom. Contact Secured Transactions - MJJT…..

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About the Author: Jenny Jo

Jenny Jo is the president and co-founder of MJJT Consultants. Ms. Jo is a Software Engineer, a Cyber Security Auditor, and an IT Project Manager. She is also a Certified Informatin Security Manager (CISM) which certifies her to audit information systems, as well as design, build, and magage businesses' information security programs.