Over the years, cybercriminals have become increasingly sophisticated. It’s more important now than ever to protect your systems from the dangers of ransomware. Not only is ransomware dangerous to your technology, but it can also limit your company’s ability to interact with your customers. Here are three key ways that ransomware can hurt your business—and what to watch out for.
What Is Ransomware and What’s the Big Deal?
Ransomware is a specific type of malware that holds key data hostage for a specific fee. Depending on the situation, this could be anything from your clients’ credit card information to your personal banking details or even intellectual property. In some cases, cybercriminals may threaten to publish the information, while in other cases, they may just threaten to delete it.
It Puts Your Clients’ Information at Risk
When your clients choose to work with you, it’s not just because they like your product. It’s also because they trust you to be professional and keep their information safe. If your company is hit with ransomware, it could put your clients’ sensitive financial information at risk. Not only could this result in a loss of business in the short term, but it could also negatively affect your reputation in the long term.
It Minimizes Your Company’s Productivity
Ransomware essentially holds key pieces of data hostage until you pay the offending cybercriminal to get them back. This can make it very difficult for your company to maintain its normal operations. Instead of moving forward with the development of new products and services, you’ll need to take the time to solve this pressing problem. In today’s competitive environment, even a few days off could set your company back.
It Could Cost You Big Money
Winnipeg IT services can protect your business from ransomware. Even if you’re prepared, ransomware can cost your business money. Ransom payments are expensive and should only be paid in emergency. There are many ways to get your data back without paying the ransom but they can be costly. You’ll have to pay tech pros to help you find the data and get it back safely. It’s usually cheaper to bolt on security as a precaution versus waiting for the ransomware to hit.
To protect your business from ransomware, it’s very important to have a reliable digital security system. This should include multiple copies of your data in different places as a backup. Contact Sytex today to learn more about how we can keep your business safe from ransomware.
