It’s for good reason. 2024 was officially the worst year on record for this type of threat, with more ransomware groups, attacks, and bigger payouts than ever before.
According to new research, ransomware increased by 65% compared to 2023. And attackers weren’t messing around. Many demanded STAGGERING ransoms of over $40 million.
Worse yet? Some businesses actually paid up. This just shows how desperate things became.
You need to be paying attention.
If you’re not prepared, ransomware can be a problem that jumps from zero to disaster in minutes. One wrong click, one vulnerability in your system, and suddenly you’re staring at a screen demanding a ransom in Bitcoin… while all your files are locked away.
And if you’re thinking you’d rather just pay a ransom if it ever happened to you, think again.
Even if you pay the ransom, there’s no guarantee you’ll get your files back. 🥴 Cyber criminals aren’t exactly known for keeping their promises. Worse still, some ransomware gangs threaten to leak your data online if you don’t pay up. 🤯
🛑 Lost productivity while your systems are down.
🛑 Reputation damage if customer data is exposed.
🛑 Possible fines and lawsuits if you’re in a regulated industry.
In short, a ransomware attack can cripple your business faster than you can say, “We should have done that security training”. 😬
Back up your data. Seriously. If you haven’t already, make data backups a priority. This is the single best way to avoid having to pay a ransom - because if you can restore your files from a clean backup, you can tell scammers to get lost.
Also, train your team to spot phishing emails. Most ransomware attacks start with a scam email that tricks someone into clicking a link or downloading an attachment. 📧 Even the best security won’t help you if someone on your team is too quick to click.
And here’s a big one: 🔒 Multi-factor authentication (MFA). If you’re not using it yet, start now. It’s not bulletproof, but it does make things a lot harder for cyber criminals.
Finally, create a ransomware response plan. This tells you who to call, what to shut down, and how to get the word out to customers and employees if the worst happens. The faster you act, the more you can protect your business from damage.
Ransomware isn’t going away. But the good news is, with the right precautions, your business doesn’t have to be an easy target. 🛡️
How prepared would you be if ransomware hit your business tomorrow
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