Now more than ever, your cyber safety should be top priority. With threats such as ransomware attacks on the prowl, securing your data and systems is a necessity to staying safe. These ransomware attacks have been striking organizations and businesses across the globe, increasing 485% in 2020.
Keep reading to learn more and prevent your business from being ransomware’s next victim.
What exactly is Ransomware?
Not only do these attacks lock your precious data, but they also greatly reduce business productivity. When an organization falls victim to ransomware, it is shut down leading to incurred damages and costs to the business. However, this can easily be prevented by installing some basic IT and cybersecurity protocols before it’s too late.
Types of Ransomware Attacks
One of the most popular culprits of ransomware is phishing, an email attack that uses links and attachments to trick victims into taking some sort of action. Phishing emails can go undetected as they appear to be sent from a known user to the victim, asking to detail private information for a fake reason. The phishing attack then takes these confidential details to access key systems and install ransomware.
Recent ransomware attacks also find their way through RDP ports, which are typically easily compromised due to their weak security. RDP relies on password protection, often ignored by users, and sought after by cyber criminals. These criminals can either buy RDP credentials on the dark web or hack into RDPs to gain victim’s details, granting access to organizations’ systems. To make their cut, the attackers wipe or encrypt organizations’ data backups and demand ransom.
Software vulnerabilities can also make it easy for ransomware to attack. If your software is unpatched or not properly updated, cyber criminals can access networks even without the credentials. Ransomware attacks can latch on to key programs, view data, and steal sensitive data. These attacks can also be difficult to detect, meaning the attacker can be in your organizations’ system long before you know it and cause even more damage.
How Bad Can an Attack Really Be?
Sounds like ransomware attacks can be catastrophic to your organization. If the threat of losing sensitive data isn’t enough, here are some numbers to put it in perspective. As of this year, ransomware payments averaged $220,298, a 43% increase from Q4 2020. In fact, the median payment increased by 58% from $449,450 to $78,398.
Even if these payments are feasible for your organization, paying ransom does not automatically equate to reinstalled security. Paying these criminals can lead to a false sense of security and even future liabilities. 77% of ransomware attacks threaten to leak the private data in demand for ransom. Many criminals will sell, misplace, or use the stolen data for future extortion.
How Can Order Time Protect Me?
If your business falls victim to a ransomware attack, the first thing that occurs is malware installation. This means that the attacker planted a software on your machine that grants them access to your data, making copies, and encrypting that data so that you can no longer access it. All this is done discreetly and undetected, so you don’t realize until it’s too late.
Running your own server unfortunately does not provide any enhanced security from these attacks. If you are running your own server and have an on-premise inventory software, this data can be stolen and encrypted for ransom as well.
However, Order Time can protect you and your business from these vulnerabilities. By using dummy workstations that just log into Order Time via web browser, your data is effectively being stored off-site safely. Not only does this protect against ransomware, but other dangers such as natural disasters and accidents as well!
To ensure maximum security, you should allow employees and workers to access data that pertains to their roles, not the entire business. You can change roles and access permissions in Order Time to grant approval to pertinent data depending on each employee.
Order Time runs on the AWS Cloud backbone, meaning that each virtual server is segmented to protect against ransomware and DDOS, distributed denial of service) attacks. DDOS attacks occur when a perpetrator seeks to make a machine or network resource unavailable to its intended users by disrupting services of a host connected to the interest, either temporarily or indefinitely.
The AWS cloud allows Order Time to protect customer privacy without the high costs of hiring IT staff and tedium of maintaining backups. All data is highly secured in the AWS data centers and is protected with multiple backups.
In the case that something does happen, Order Time lets you log in from another device such as your phone to immediately change your passwords. This means that you don’t have to sacrifice network security for productivity and can resume business as usual.
To learn more about Order Time’s security measures and how it can keep your business safe, click here.
What Now?
If you haven’t already, it’s time to make the switch! Save you and your employees invaluable time and save your business money with Order Time’s automated inventory software. With its powerful integrations, reporting, and insight into every facet of your business, Order Time gives the control and precision your business needs. Come on now and take your business to the next level!
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