cybercriminals Are Cashing In Is Your Business Next
Cybercriminals are making millions from ransomware and businesses of all sizes are at risk.
The United States Department of Justice recently unsealed charges against two Russian hackers. They collected over sixteen million dollars. The hackers did this by deploying Phobos ransomware on more than one thousand organizations.
Victims included schools law firms and healthcare companies but cybercriminals do not discriminate. If your business stores data processes payments or relies on technology you are a target.
Waiting to take action is exactly what hackers are counting on.
How Phobos Ransomware Works
Phobos ransomware is not new but it remains one of the most effective cyber weapons criminals use today.
This is how they attack businesses
Red alert They steal login credentials. Weak passwords phishing scams and compromised accounts give hackers easy access.
Red alert They encrypt your data. Once inside your system cybercriminals deploy ransomware locking you out of critical files.
Red alert They demand a ransom. You receive a note demanding Bitcoin payments in exchange for unlocking your data.
Red alert They escalate threats. If you refuse to pay hackers threaten to sell your data or post it on the dark web.
Sound extreme This happens every single day.
Ransomware Attacks Are Rising Here Is Why
Cybercriminals know how to exploit weaknesses in businesses that are not prepared.
Most companies lack strong cybersecurity protections
Employees fall for phishing emails that give hackers access
Many businesses do not have backup systems in place
Hackers use automation to launch attacks at massive scale
And the most alarming part is that paying the ransom does not guarantee you will get your data back.
Many businesses pay thousands or even millions only to get hit again.
What Every Business Needs to Do Right Now
Cybersecurity is essential. The businesses that survive are the ones that take action before an attack happens.
Strengthen Your Defenses with a Managed IT Service Provider
A Managed IT Service Provider can monitor detect and prevent cyber threats before they happen.
Providing twenty four seven security monitoring
Using real time threat detection
Automating patch management
With proactive cybersecurity you can stop attacks before they cost you everything.
Secure Your Data with Advanced Cloud Security
Hackers love businesses with weak cloud security.
Enable multi factor authentication on all accounts
Encrypt sensitive data to make it useless if stolen
Use cloud backup solutions to restore files if ransomware strikes
Train Employees to Recognize Cyber Threats
Your employees are your first line of defense or your weakest link.
Teach them how to spot phishing scams
Require strong passwords and multi factor authentication
Limit access to sensitive systems
One wrong click can cost your business thousands of dollars or worse.
Plan for the Worst with a Cybersecurity Incident Response Plan
If ransomware strikes do you know what to do next
Have a data recovery plan in place
Work with an IT service provider to respond quickly
Never negotiate with hackers instead work with cybersecurity experts
A prepared business is a secure business.
The Bottom Line
Cybercriminals are making millions because businesses fail to take cybersecurity seriously.
If you are still waiting to upgrade your security you are already a target.
You have two choices
Strengthen your cybersecurity now and prevent an attack
Ignore the risks and pay the price when hackers strike
Do not wait until it is too late. Secure your business now.
To schedule your no-obligation assessment for your peace of mind, click here.
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