March 20th, 2017.

Last year, business ransomware attacks increased threefold. Small- to medium-sized enterprises (SMEs) were hit hard 42 per cent experienced attacks in a 12-month period. The outcomes were grim:

A third (32 per cent) paid the ransom.

One in five paid the ransom but never regained access to their data.

Two-thirds (67 per cent) lost data.

One in four worked for weeks to restore access.

Considering these figures, your business will likely be targeted at some point, and you need to protect your important data (customer details, accounts, orders and more). The following five elements are essential parts of a successful ransomware response.

Build a cyber response plan to remain one step ahead of hackers
Cyber attack recoveries are high-pressure situations that don’t allow much margin for error. Collaboration and effective communication among employees and stakeholders is necessary for recovery, and the roles of personnel following an attack must be clearly defined.

A business continuity and disaster recovery (BC/DR) plan with a strong cybersecurity response strategy is a must for any size business. BC/DR planning allows your company to be more prepared for unforeseen risks like a ransomware attack so business processes and procedures can continue both during and after the attack.

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