Datto has just confirmed in an alarming 2018 report that ransomware is the #1 cyber threat to small to medium-sized businesses.
Is your small to mid-sized organization ready for a ransomware attack?
Ransomware continues to be the most popular cyber-attack small and mid-sized businesses are experiencing – Yes, outnumbering computer viruses and spyware!
Ransomware is a type of malicious software that locks
and encrypts your computer data (making it unusable) until a ransom
is paid. Usually in the form of Bitcoins.
If you think your business is too small to be a target for ransomware, guess what? This mindset makes you an easy pay day for the most armature cyber-criminal. (Cyber criminals are selling ransomware as a service) Many CEOs think it’s not worth the money to protect themselves. And when they DO get hit with ransomware, they’re shocked by the price to get their business back up and running.
This mindset means that your business most likely does not have the following necessities :
- Business continuity and disaster recovery (BCDR)
- Ongoing training for employees
- Endpoint protection
- Intelligent Data backups
Shocking New Facts
2018 Ransomware Report from Datto
In fact, Datto has released a ransomware report (11/13/18) detailing the survey of 2,400 managed service providers word-wide that support the IT needs of nearly half a million small businesses. It’s called the Global State of the Channel Ransomware Report. The data collected for 2018 reveals the shocking impact these ransomware attacks are having on small to medium-sized businesses around the world:
- Downtime is more costly. The average ransomware attack on the business costs 10 times more than the actual ransom. The survey finds the costs on average, $46,800, and the ransomware request at $4,300 per attack.
- Attacks are expected to increase. More than 55% of MSPs (managed service providers) disclosed their customers experienced a ransomware attack within the first 6 months of 2018. 35% said their customers were attacked multiple times in the same day. 92% of MSPs predict ransomware attacks will continue at or increase in rates.
- Antivirus software is not enough, they’re actually ineffective. 85% of MSPs reported that victims of ransomware already had antivirus installed. 65% said victims had email spam filters installed. 29% reported that victims had pop-up blockers that failed to block the ransomware attacks.
- Apple operating systems can be vulnerable to ransomware. There was a 5X increase in the number of reported ransomware attacks on macOS and iOS platforms.
- Less than 1 in 4 ransomware attacks are reported to authorities The problem may be actually bigger than we even know.
We recommend you take an “eye opening” look at Datto’s 2018 Global State of the Channel Ransomware Report
Want to get your business prepared for ransomware?
Become equipped and ready to respond when ransomware hits your business.
Call Hyphenet, we’re ready to help you: (619) 325-0990