Companies benefit from Internet connectivity and digital assets. But that very connectivity sometimes exposes businesses to inappropriate and even dangerous activity. One such danger is ransomware.
But what exactly is ransomware?
“…an ever-evolving form of malware designed to encrypt files on a device, rendering any files and the systems that rely on them unusable. Malicious actors then demand ransom in exchange for decryption.”
When attacked by ransomware, business owners might find their computer systems are completely locked. They receive a message stating that their systems will be restored as soon as the bad actors receive whatever they have demanded, which is usually money.
It’s crucial that business owners recognize that ransomware exists and take steps to protect their digital assets. The following tips might help.
Prepare a Disaster Recovery Plan
The time to plan for a disaster is before it happens. The same computer systems that have been encrypted cannot be used to overcome the ransomware. You need a Plan B.
Once you have a good plan in place, test it at least once a year. Malware, ransomware, and protective software might need to be updated or replaced to keep your protection up-to-date.
Also, backup your files and systems frequently. It’s best to keep your backups in a different location with different credentials.
Keep Your Credentials Up-to-Date
Speaking of credentials, you need to update yours as needed. Make sure you include all parts of your system, including devices like printers and copiers.
Also, discourage or outright prohibit your employees from using easy-to-decipher passwords for their work-related electronics. Pass123! is never a good idea. Set specifics like passwords must contain ten characters, including at least one letter, one symbol, and so on.
Train Employees About Your Digital Security and Recovery Plans
In addition to password guidance, your employees need to understand the signs that a link or software is not okay. Malware can masquerade as simple links. Some bad actors may even send official-looking emails that trick employees into clicking links or taking other actions related to the computer systems.
Plan Alternative Ways to Communicate
Make sure that you and your response team can communicate with each other when computer systems are down. Consider including at least your key employees in such alternative methods of communication.
You could make sure everyone’s contact information is updated and available to key members of your team. Additionally, your company might consider setting up a secure channel, perhaps through a texting app.
Look into Cyber Insurance
Insurance is available to cover ransomware and related expenses. In addition to the ransom, your company might face business interruption, legal fees, additional IT support, and loss of productivity. All of these unexpected expenses can sink a business that is unprepared.
Assess Cybersecurity for Others Associated with Your System
Make sure that any major customers or vendors don’t have access to your systems. Also, ensure that information exchanges with vendors and customers are protected. Ransomware perpetrators are experts at exposing and using vulnerabilities in your systems.
Is Your Company Protected from Ransomware and Its Associated Issues
We can’t help with your IT issues. However, our attorneys can help with legal issues your business faces because of ransomware.
Attorney Richard Sierra at the Florida Small Business Center assists clients like you with business and litigation matters. As always, Our Goal Is to Help You Succeed™. For an appointment, you may call us at 1-866-842-5202 or use the contact form on our website. We represent clients throughout the State of Florida, including Coral Springs, Coconut Creek, Boca Raton, Delray Beach, Pompano Beach, Sunrise, Fort Lauderdale, Miami, West Palm Beach, Jupiter, Deerfield Beach, Stuart, Port St. Lucie, Orlando, Naples, Fort Myers, Sarasota, Tampa, and surrounding communities.