Cyber Security and How to Defend Your Business Against Ransomware

Ransomware is a type of malicious software (malware) that threatens to publish or blocks access to data or a computer system, usually by encrypting it, until the victim pays a ransom fee to the attacker.

Digital Age Digital Strategy
  • Release Date: 19 July 2022
  • Update Date: 15 March 2024
  • Author: Speaker Agency
Cyber Security 690X460

The party or the parties responsible for the virus threaten the business owners by claiming to erase or publish the data unless they are paid by the business owner.

Ransom software, ransomware or malware are given names to this major problem which has been becoming seriously damaging for businesses and individuals. Despite the fact that anti-ransomware softwares are being developed, it seems like ransomware is going to cause headache for companies. 

A ransomware attacks on an individual basis threaten personal data while attacks on companies or organizations can be seriously damaging. 

To claim that the system is completely safe against ransomware is utopian thinking. No matter how strong the precautions are, you must remember the vulnerability is never completely removed. Even if you invest in the latest digital cyber security technologies, you might not be able to avoid attacks. It is possible though, to be prepared for least amount of damage when and if there is a ransomware attack. 

Malware has been a nightmare for all organizations ever since they started to invest in cyber infrastructure. There’s no doubt that cyber infrastructure has a major impact on the workload but it comes with certain disadvantages.

Today we will explain you three fundamental activities which can be regarded as preparation against a possible attack and its aftermath. It’s about how to manage your operations and reputation in case you become the victim of a cyber attack.

Data Back-Up

Cyber Security Data Backup 690X460

When a cyber attack happens, the biggest leverage the attackers hold is to erase your data entirely. If your business relies on this data so as to conduct operations, removal of the data can be devastating. You can minimise the damage by making sure your data is backed-up regularly. This way you basically bring down the negotiation power of the attackers.

Once you survive the malware attack, you can carry on business as usual.

Anti-Crisis Plan

In case the malware attack cannot be avoided, crisis management is as important as finding a solution for the situation caused by the crisis. When big businesses are attacked by ransom software, usually the media gets involved and the situation works against the company. The problem is, with the impact of the attack, not only the operations of the company are halted but its reputation also suffers. Big companies are bound to protect their names under these circumstances. 

A well-prepared crisis-management plan is the key to manage the crisis. What kind of public statements are to be made by the organization, the attitude of the executives and how to administer the crisis-management steps should all be prepared. You can even consider conducting crisis-management exercises in the organization to make sure you are capable of applying your action plan.

In-Company Training

Suspicious links are the main gate for the malware to enter the system. Once you click on these suspicious links which might look harmless, you open the flood gates to malware.

As an individual, you can be alerted against these types of phishing links but if we’re talking about an organization with a considerable number of employees, a cyber attack can be successful against your business. On the job training seminars or in-company training programmes are ways of raising awareness among the employees so that they learn and understand the possible threats against the company.

Being Up To Date With the Current Developments

Technology is changing almost on a daily basis which makes it necessary to stay up to date with the current developments. From manufacturing to marketing and from administrative issues to syber security, it is extremely important to be informed.

Keeping yourself and your organization updated will also give new perspectives to your employees. Speaker Agency works with prominent names in the area of technology and digitalization.

Please contact us if you need further information on these issues and let our experts Michal Kosinki, Kevin Mitnick, Moran Cerf and Professor Peter Cochrane help you with your business.

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