How could Ransomware affect my business?

July 15, 2021

A recent ransomware attack that occurred last summer was the Garmin incident. There showed us, yet again, that no one is safe from cybercriminals. All it takes is one small human error to set off an unfortunate series of events. Prevention is your best defense.

One of the biggest concerns is how long your business may be down. How long will it take to restore your infrastructure? The larger the company, the longer the process may be. Sometimes you have to wipe all your platforms and start from scratch. It could be anywhere from a couple of days to a couple of months.

The ransomware usually gets in from an email or a website link. It goes behind your computers’ operating system, finding all your local files and may also find your servers, anything on your network, and start to encrypt them. As it’s finishing encrypting everything, then it sends the ransomware warning that you have so many hours to pass the ransomware.

The Garmin ransomware was $2.5 million, for example. A smaller business will extort a smaller amount. It just depends on the company. They can figure out what you have. In most cases, victims pay the ransomware, and it can be pretty devastating. It’s a long, tedious process to wipe everything and start from scratch.

There are advanced tools to fight ransomware. We do offer this as part of our MSP solutions. If you’re interested in learning about the solutions we offer, please reach out and schedule a call.

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