Imagine this: your business has fallen victim to ransomware, with critical data locked away by cyber criminals who demand a ransom fee in return.
Are You Unable to Pay the Ransomware Gangs Offer Payment Extensions? Some ransomware gangs provide payment extensions similar to "buy now and pay later" schemes.
Recent research indicates that ransomware groups have become more imaginative with their extortion tactics. One group offers victims multiple choices when selecting ransom demands; these "options" may include:
Paying up to $10,000 may allow you to delay or delete their data before it becomes public.
As victims can usually negotiate the exact amount charged, this process takes on an entirely new dimension.
Ransomware groups have added frightening features to their websites in order to increase pressure on victims, such as countdown timers and counters that display how long businesses have until their data can be released; there may also be tags with victims' names and descriptions displayed as they approach release.
All this is designed to make the victim feel trapped and increase his or her likelihood of capitulating.
Be wary of falling victim to ransom demands; here are three reasons why paying can be detrimental.
Paying might get your data back, but there's no guarantee it won't cost more in the future.
By contributing, you are providing criminals with funding for further attacks against others.
Paying cyber-criminals could put you in legal jeopardy; some governments have made such payments illegal.
What can you do to protect your business against ransomware?
Assure you regularly and securely back up your data, so cyber criminals won't pose a threat. Train staff on how to identify phishing emails, suspicious links and ransomware; invest in strong cyber security software; make sure it remains up-to-date; and train employees on how to identify it all.
Update your software and systems with the most up-to-date patches, segment your network to protect against ransomware infection, and create an incident response plan in case an attack takes place.
Cyber criminals will not stop just by paying them; businesses who do so become targets themselves. Therefore, proactive steps should be taken in order to keep you and your assets safe - contact us if we can be of any assistance in this regard! For inquiries on how to fortify your business:📞 (404) 932-5940 or 📩info@nuwaveitc.com
