![]() ![]() ![]() It is recommended to have a minimum of two local and two cloud backups. ![]() So even if one backup gets into the wrong hands, you still have other copies to fall back on, ensuring you are not held hostage and don’t have to shell out a ransom. Keep multiple backups: The best way to thwart ransomware is to have multiple backups of data. Here are a few key steps you can take to safeguard your business infrastructure: It is imperative you cover all bases to protect your business. Increasing complexity in an organization’s cloud infrastructure also makes it more difficult to restore data in case of a ransomware attack. Several companies have multi-cloud deployments now, which makes it tougher to manage security. ![]() Even so, this does not mean that their data in the cloud is immune to ransomware attacks. Increasingly, businesses, big and small, are partnering with cloud service providers that usually have robust security protocols in place. The growing adoption of remote working because of the ongoing COVID-19 pandemic has also made it easier for cybercriminals to break into systems. Cybercriminals have now started using the Double Extortion approach, which involves not just encrypting the data to demand ransomware but also threatening to upload sensitive information if their demands are not met. What is further worrying is that ransomware attacks are becoming more sophisticated. It has far-reaching consequences, and companies need to do everything in their power to safeguard their systems from such an attack. The average cost of a ransomware attack on a business is a staggering US$133,000. A business falls victim to a ransomware attack every 11 seconds, according to Cybersecurity Ventures.Ī dangerous form of malware, ransomware encrypts a business’ mission-critical files and applications and holds the business hostage till a ransom is paid to regain access. Over the last few years, ransomware has emerged as one of the biggest cybersecurity threats to enterprises. ![]()
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