What is Ransomware and How Can it Affect Your Business?

This cyberattack scheme hasn’t garnered nearly as much attention as the usual “break-in-and-steal-data-to-sell-on-the-Internet version,” but it can be even more debilitating. Ransomware attacks have begun appearing in the last few years and its practitioners are so polished that in few cases they even have mini­call centers to handle your payments and questions.

So what is ransomware? Ransomware stops you from using your PC, files or programs. The business model is as old as the earliest kidnapping. They hold your data, software, or entire PC hostage until you pay them a ransom to get it back. What happens is that you suddenly have no access to a program or file and a screen appears announcing your files are encrypted and that you need to pay (usually in bitcoins) to regain access. There may even be a Doomsday-style clock counting down the time you have to pay or lose everything.

Interestingly, one of the more common “market segments” being targeted in the US has been public safety. Police department data is held hostage, and in many cases, they have given up and paid the ransom. They had little choice. They aren’t the only ones. A hospital in Southern california also fell prey, as did one in Texas.

Ransomware can be especially insidious because backups may not offer complete protection against these criminals. Such new schemes illustrate why you need to have a professional security service that can keep you up to date on the latest criminal activities in the cyber world. Talk to an MSP about possible protections against ransomware.

What is Ransomware and How Can it Affect Your Business?

Data Breaches are a Question of When, Not If

You hear on the news all of the time about big cyber attacks on large corporations, and even government agencies. The trouble with this news coverage is that is suggests a distorted view of where cyber attacks are taking place. These attacks are not solely hitting large organizations. Small firms represent a significant portion of those who face cyber attacks. Being small by no means keeps you immune. In fact, small firms can be used as conduits to larger organizations. That is likely what happened in the case of Target Corporation back in 2013

If  you’re a small business, then you’re a target for cyber criminals. Last year, 71% of small to medium size businesses were the victims of cyber attacks.

Today’s concern is how you would respond to an attack. 31% of small to medium businesses do not have a plan of action for responding to IT security breaches, and 22% admit that they lack the expertise to make such a plan. A data breach is disastrous.

Your response determines whether it’s a survivable disaster. You need to have a statement for customers ready, (47 states require businesses to disclose data breaches), you need to be able to quickly access backups, and you need access to professionals with experience in disaster recovery and business continuity.

Data Breaches are a Question of When, Not If

Penetration Testing vs. Vulnerability Testing Your Business Network

Hearing “all of your confidential information is extremely vulnerable, we know this because…” is bad news, but whatever follows the ellipses determines just how bad. Consider two scenarios.

  1. “All of your confidential information is extremely vulnerable… we know this because a hacker took all of your customers’ credit card info and locked all of your files behind ransomware.”
  2. “All of your confidential information is extremely vulnerable…we know this because we did a vulnerability scan of your network, and have some suggestions on how you can improve.” 61% percent of small businesses are victimized by cyber attacks each year, and one in five victims do not survive. It is financially worthwhile to make sure that you end up being the person hearing the latter sentence.

Scenario 2 describes the statement after you have had a vulnerability test conducted. A vulnerability test is a comprehensive audit of security flaws that a hacker could exploit, and the possible consequences. This is the equivalent of a doctor giving a physical examination. This information will allow you to know what your risks are and plan your security policies accordingly.

Vulnerability tests should be conducted quarterly, and can be done by in-house IT or outside consultants.They should be done quarterly, or whenever you are incorporating new equipment into your IT network.

What is a pen-test: A pen-test is a simulated attack on a network to test the strength of its security. Usually, the pen-tester will have a specific objective (e.g. “compromise this piece of data…) A vulnerability scan tells you “what are my weaknesses?” and pen­test tells you “how bad a specific weakness is.”

How often should you pen-test: Different Industries will have different government mandated requirements for pen­testing. One of the more broad reaching regulations, the PCI DSS, for example, requires pen-testing on an annual basis. However, it is prudent to go beyond the legalminimum. You should also conduct a pen-test every time you have

  • Added new network infrastructure or applications,
  • Made significant upgrades or
  • Modifications to infrastructure or applications,
  • Established new office locations,
  • Applied a security patch
  • Modified end user policies.
Penetration Testing vs. Vulnerability Testing Your Business Network