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25Oct 2018

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Effects of Ransomware Attack on Business

Effects of Ransomware attack on business

Lots and lots of data has been accumulated by users on a daily basis and it should be on everyone’s priority list to protect data. A serious damage could be done if hackers steak your important data for ransom. These security breaches are termed as ransomware. It is simply a form of malware, could access your devices and lock them and could block your own access to your own data. Hacker would ask for a ransom to unlock your access. When users are given a choice either to lose their data forever or could retrieve it by paying ransom, users choose to pay whatever hackers ask.

Ransomware is not a latest phenomenon. First ever one was PC Cyborg which was present during  1989. It has been around for such a long time but why is it causing issue now?

 

Ransomware could affect your business.

Businesses in service sector like recruiting agencies, handle a huge amount of data and have integration with various services and applications that expose them. Service sectors are vulnerable to attacks. When it is essential to download huge amount of files everyday antivirus may not always pick files that have ransomware. And the ability to not access data like for recruiting firms is a liability. The importance of data decides the cost of ransomware. Cybercrimes have cost around $1.2 billion past year at an average of 24,000 attacks each day costing around $500 per incident and approx 13 hours are lost per attack. Business that were attacked has many other disadvantages like cost of replacing devices, systems downtime, reputational damage, potential penalties etc.

 

Is your firm prepared for Ransomware attacks?

Ransomware threats are evolving at a pace where antivirus software is struggling to keep up. Add an additional layer of security with VPN. Antivirus and VPN together can provide you ultimate security. VPN encrypts your online data which is helpful especially while using a public hotspot. VPNShazam provides protects your identity and evades hackers and snoops. Visit our website to know more. With over 700+ servers across 60+ countries VPNShazam provides choice of connectivity. Secure your devices with VPNShazam and protect  your firm from cyber attacks.

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