As a business owner, I’m sure you are aware of the constant cybersecurity threats we face in this modern world. Every other day we see headlines about large firms being targeted by Ransomware.
Even the world economic forum has recently stated that Covid pails in comparison to what we could face in our heavily reliant technology world from a cyber attack. As a local IT provider, it’s our mission to protect our clients from these types of attacks, but we have also got a duty of care to the broader business community.
Awareness about the threats can help you make the right decisions about technology solutions and what is worth investing in.
In this article, I’m going to disclose with you the five most dangerous ransomware groups of 2021.
Maze aka ChaCha
Maze ransomware was first found in 2019 and is the number one culprit of over 1/3rd of all attacks.
The Maze group demanded millions of dollars from a state bank in Latin America – the question you have to ask yourself – if a bank can get hacked, what are the odds that your business could?
Conti again appeared in 2019, accounting for 13% of all ransomware attacks.
The strange thing about conti is that when they hold the company to ransom, they will also offer security advice on how to plug the holes from future breaches – almost like they have a guilty conscious.
This is Asian Ransomware and accounted for 11% of all attacks. Businesses affected included engineering and manufacturing, who were hit the hardest—followed by finance and professional services. This Ransomware attacks a few high profiles IT service providers and devastated their client base.
Question- how secure is your IT provider? Would you be protected if they were attacked? Ask this question of them.
The group behind this Ransomware have made over $25million by targeting a large volume of business users. Police managed to seize and arrested a Canadian national on the grounds of extorting over $27 million.
This group frequently targets healthcare, emergency services, and education services. The group made headlines by targeting Delaware County and receiving over $500,000.
What do all of these groups have in common? They lock and encrypt files on business networks.
If you are worried about Ransomware and the potential risk, there are a few things you can do to reduce the risk.
First, make sure all devices, systems, and applications are updated. Developers and manufacturers constantly release updates to fix vulnerabilities found in their systems. Failing to apply these updates leaves them open to hacks that exploit these vulnerabilities.
Second, make sure you have a full backup solution that follows the 3-2-1 principal. Simply put, a 3-2-1 backup has 3 copies of the data in at least 2 places with at least one being another physical location (such as a cloud backup). You also need to test your disaster recovery plan regularly.
Finally, and most importantly, make sure you, your colleagues, and your employees are aware of how to spot fraudulent attempts to gain access to your network via email, phone, or even in-person social engineering. Whether they’re trying to trick you into opening a malicious file via email or giving them remote access to your computer with a phone call, knowing how these scams work will help you spot them.
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If you would like assistance or advice in how you can reduce your businesses risk of being targeted by Ransomware, get in touch with us today for some friendly advice.