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How Do Ransomware Attacks Work?

With ransomware attacks on the rise, many New Orleans business owners are wondering how these attacks work and how they can protect themselves from cybercriminals.

How Do Ransomware Attacks Work?

With ransomware attacks on the rise, many New Orleans business owners are wondering how these attacks work and how they can protect themselves from cybercriminals. In this article, we discuss what ransomware attackers are after, what happens once a company has been targeted, and how you can prevent your business from being the next to fall victim to these breaches.

Ransomware is a type of virus that blocks access to the data stored on your computer or network until a ransom fee has been paid. When one of these attacks occur, the target is not able to access their files, folders, databases, or other valuable information until the cybercriminals are paid and a decryption key is sent. Theoretically, this is how it works, but the attackers always have the option to send a fake key once they have been paid.

 

Ransomware attacks are even worse because if you decide to pay the fee, getting the money to the cybercriminals can be very difficult. Attackers want to make sure that they cannot be traced, so they do all their transitions through Bitcoin or other cryptocurrencies so that they cannot be found.

Attacks like this are something that all levels of business deal with. It does not matter if you are a small startup or a Fortune 500 company, there is always the risk that this could happen to you. This is especially true in larger metropolitan areas, such as New Orleans. For this reason, business owners should do everything they can to prevent ransomware attacks, keeping their company safe.

One of the best ways to guard against ransomware attacks is by creating a business continuity and disaster recovery plan. This means that in an emergency, you’ll know what to do. Your team should do regular backups, every single day, both in the cloud and on-site. This will help you recover from any encryptions attackers put on your files.

Another way to keep from falling victim to cybercriminals is by investing in the best cybersecurity defense you can find. This should include antivirus software, antimalware software, DNS filtering business-grade firewalls, and more. If you do not have cybersecurity protection already, or if your plan does not include the things mentioned above, consider switching.

Never open any attachment that comes from an unexpected or unexplained source. Be extra cautious with any emails that come from outside of your organization or business relations. These attachments could hold viruses or other software that could harm you and your company. Always make sure to delete suspicious messages when you receive them.

Lastly, make sure you and your team are receiving regular training on how to stay safe and protect your business’s network. This can be done through your IT company, which we also recommend having when trying to stay protected online. Having a solid IT infrastructure will make your company safer overall, so make sure that you are working with experts before making an agreement with an IT business.

Another way to keep from falling victim to cybercriminals is by investing in the best cybersecurity defense you can find. Outside of the solutions, everybody offers, such as antivirus software, antimalware software, DNS filtering, business-grade firewalls, MFA, dark web monitoring, disk encryption, and more; Your cybersecurity program should be following a set of standards to make sure you are protected. The CIS Top 20 Controls or NIST 800-171 are two solid sets to go by. If your current company does not follow one or both of these, you should consider switching. Also, if you do not currently have cybersecurity, finding an IT business to work with would be in your best interest, for the safety of your personal information.

Many New Orleans IT companies claim to be the best at what they do, but how do you know that’s actually the case? At BIOS Technologies, we have a history of excellence that proves we’re ready to take on your technology needs. Our staff can assist you with cybersecurity, the cloud, business continuity, and any other IT solutions your business requires. Reach out to us by phone or online today.

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