The largest outbreak of ransomware in history is currently underway and more is on the horizon. We’ve seen the news about giant healthcare entities like NHS as well as companies like FedEx and Nissan. But you may not have heard about the thousands of small businesses who have been hit and had to pay the ransom, like this small pizza restaurant.
Once a small business is infected with ransomware, it typically has two choices: pay the ransom or lose critical data that it needs to stay in business.
Six out of ten small businesses hit by cyberattacks such as ransomware go out of business within six months, according to the US Securities and Exchange Commission.
“For a small business, these costs of remediation are simply too high, and the possibility of continuing operations disappears,” said Brian Berger, the executive vice president of commercial cyber security at Cytellix.
So how do you prevent these threats? Honestly it’s the same thing that IT professionals have been preaching for years.
- Offsite Backup
- Updated Antivirus
- Update the Operating System
These are things that even the smallest businesses around can do, but sadly most wont.