How To Reduce the Cost of Ransomware

Ransomware is hurting your bottom line whether your business gets hit or not. The average ransomware recovery costs nearly $2 million. Businesses are experiencing cybersecurity insurance premiums going up each year.

Fortunately, there are ways to mitigate risk and reduce cost.

When your business gets hit by ransomware you don’t want to be scrambling, yet most do. Employees will be unable to work. Customers will be unable conduct business with you. Your files are going to look like a scrambled mess. The truth is that most don’t know what to do if this event happens.

To understand how to combat the problem you have to start with the most important thing. People. You should focus on preparing your people. You and your staff need to be on the same page so that during a security event you can react with precision and grace. 

  1. Be Prepared with a Backup & Disaster Recovery Plan
  2. Better Discipline from Regular Staff Training
  3. Learn through Simulated Email Attacks

The next 3 items are the technology. They are the brains behind ensuring you stand a chance against getting attacked. Having smart humans is crucial but smart tech steps in when humans falter. Together they’ll help you stand the best chance of growing your business.

  1. Detect with File System Monitoring
  2. Escalate to Detection and Response Partner
  3. Control Access with Structured Permissions

Your business has a lot to lose. Make sure you have a modern approach to each of these items and rest easier at night.

If you’d like more insight to learn how you can leverage this for your business, feel free to schedule a consultation with us. 

Ransomware Consultation Request

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