Can your business survive a Ransomeware attack? How can you minimize the damage? Can your brand survive the hit in the short and long term?
Some 75% of SMBs polled in a recent survey said they’d be able to survive only three to seven days following a ransomware attack.
A successful ransomware attack can devastate any size organization. But small and mid-sized businesses are often more vulnerable as they have more limited financial and technical resources to help them recover.
Ransomware is an existential threat to SMBs who are a critical part of the supply chain. Foreign adversaries and criminal gangs will increasingly attack SMBs with ransomware to not only extort ransom payments but also use as the entry point upstream to the eventual target, a large company, critical infrastructure, government agency, healthcare organization or other high value target.
To help SMB’s better protect themselves from a ransomware attack, Goliath offers the following seven tips:
- Establish a written Incident Response plan. As threats typically change and evolve quickly, make sure you test and update the plan at least every six months.
- Scan internet-facing assets. Regularly scan your internet-facing IT assets for security vulnerabilities and patch them as soon as possible so that attackers can’t exploit them.
- Test employees. Regularly give your employees simulated tests on phishing and social engineering attacks so they know how to avoid downloading malware and providing account access to attackers.
- Segment your network. Segment your network into different portions, each one separate from the other. Also, be sure to air gap critical IT assets to prevent any ransomware from spreading across your entire network.
- Require MFA. Require multi-factor authentication on all users or at least on all privileged users. MFA is still one of the best ways to stop attackers from using stolen credentials to launch ransomware.
- Store backups offline. Make sure you save backups of critical files offline so that attackers can’t find and encrypt those backups.
- Test your cybersecurity defenses. Finally, regularly test your cybersecurity tools and technologies from the outside and inside so you can discover any flaws or problems before attackers exploit them.
The Goliath Cyber Advisory Team is here to help you drive a better Cyber Resilient strategy and environment while PROTECTING YOUR BRAND!!!
Contact our Cyber Advisory Team @ email@example.com and let’s discuss your Cyber Strategy and how our services can help with accomplishing the above and more.