Ransomware is a piece of malicious software that infects a computer or device and encrypts the data making it inaccessible to the user. A ransom is then demanded to regain access to the victim's data. A time limit to pay the ransom is often imposed (usually 24-48 hours) or you risk losing access to the encrypted data forever. If a backup is unavailable or the backups were encrypted too, the victim is faced with paying the ransom to recover personal files. Payment must be paid in Bitcoin and the ransom cost can be anywhere from a few hundred dollars to thousands of dollars. Once the ransom is paid, the attacker will send a private key that will allow you to decrypt the data.
If you are dealing with a ransomware attack now, here are some tips to handle it going forward.
The adoption of technology from the simplest of matters to the most complex problems has rendered us heavily dependent on it. We love paying our bills minutes before they are due. We enjoy seeing loved ones face-to-face on our computer screens. We can access and print our extremely sensitive records from government and financial websites in a matter of minutes instead of waiting for the mail for days. The time and resources that technology saves are invaluable, but this convenience has a very ugly side. This convenience brings costs, which could include irreparable financial, professional, and social damage. The technology that is designed to make life easier can also wreak havoc when criminals use it to breach secured, personal information. So how do we tame this beast called 'breach of data security'?
Background: The gravity of the problem: To look for a solution, we first need to understand how serious this problem is. Breaches in data security and loss of data could spell imminent demise for many small companies. According to the National Archives & Records Administration in Washington, 93% of companies that have experienced data loss resulting in ten or more days of downtime have filed for bankruptcy within a year. 50% wasted no time and filed for bankruptcy immediately and 43% that have no data recovery and business continuity plan go out of business following a major data loss. In the past, small- to medium-businesses (SMBs) thought that data security problems were reserved for large corporations, but cyber criminals are finding out that SMBs are more complacent in securing their data thus making themselves easier targets. More importantly, the lightly guarded SMBs can provide backdoor access to the large entities hackers really want to hit. Fewer than half of the SMBs surveyed said they back up their data every week. Only 23% have a plan for data backup and business continuity. That is why the number of cyber attacks on SMBs has doubled in the recent past.
Causes of lost data: Loss of data can be attributed to two factors.
Five ways to minimize data loss
To conclude our conversation, it is very important to understand the causes and consequences of data loss. Be proactive and minimize the likelihood of a data breach and data loss, so you can stay in business without interruption. Make sure you have a solid data recovery and business continuity plan so you don't become another statistic about small firms who didn't make it.
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Small business owners are often worried about data loss. Rightly so, because data loss has the potential to wipe out a business. We have identified the most common forms of data loss so you can see how they fit into your business and assess the risks related to each of these pitfalls.
Data loss is as unique as the various sources from which it comes. The key is to identify the areas in which your business is weak and work towards a mitigation plan for each one of them. An MSP can act as a trusted partner in such cases, holding your hand through the process of safeguarding your data.
Think Quicker Recovery Time, Not Quicker Backups - While incremental backups are much faster than executing a full-backup, they also prolong recovery time. In the event of data loss, a full restore will require loading the most recent full backup and then each incremental backup tape. Having too many incremental backup tapes not only adds time to this restoration process, but it also increases the probability of not recovering all of your data. A tape could be lost, unintentionally skipped over, or contain corrupted data. Be sure to focus on optimizing the restore time to ensure faster data recovery. A quicker recovery time should be the main objective, not the need for a quicker backup process.
Maintain Sufficient Backup History - Within the blink of an eye, current data files can become corrupted and inaccessible. This will necessitate the loading of an earlier data backup that is clean of corruption. Many smaller companies make the mistake of failing to keep a sufficient backup history.
Be Sure to Backup Essential Data AND Applications - Some businesses don’t feel the need to backup all data, but be sure essential databases, documents and records are backed up frequently. Don’t overlook applications that are critical to day-to-day business operations either. Many companies fail to backup applications, only to realize when it’s too late that they don’t have access to the original installation disks when they’re trying to recover from data loss or an outage.
Have Off-Site or Online Backup - Some businesses backup data simply by moving essential files to tapes or external hard drives that are then stored somewhere onsite. But if they’re kept onsite, what happens if a fire, flood or other natural disaster takes out not just your server but your backup tapes and drives? Onsite backups can also be susceptible to theft. Having secure off-site, or even online backup, is simply the smart thing to do to ensure quick recovery when trouble comes to town.
Fix Broken Access Controls on Your File Server - Many businesses have folders with confidential data residing on a file server with overly permissive access controls. Why take the risk of having a disgruntled - even former - employee access and misuse this data when access can be limited to only those in the company who need it?
Be Sure to Test Restores - It happens time and time again. Business owners think they have a data backup plan in place. Tapes are changed diligently each day and everything appears to be backed up and good to go. However, it turns out the backups haven’t been working for months, sometimes even years, right at the very moment they’re needed. Either the backups had become corrupt and useless or large segments of data were not being backed up. This happens often. Don’t let it happen to you.
Need help with your backups? Schedule a free network assessment or read more about our backup and disaster recovery service.
Small and medium sized businesses today are relying more than ever on IT systems to efficiently run their business, support customers and optimize productivity. These systems house sensitive digital data ranging from employee and customer information, to internal emails, documents and financial records, sales orders and transaction histories. This is in addition to applications and programs critical to daily business functions and customer service.
While corporate-level data losses and insider theft are well publicized, many smaller businesses have also become casualties of data loss and theft. Following a significant data loss, it is estimated that a small-to-medium sized business can lose up to 25% in daily revenue by the end of the first week. Projected lost daily revenue increases to 40% one month into a major data loss.
According to The National Archives & Records Administration in Washington, 93% of companies that have experienced data loss, coupled with prolonged downtime for ten or more days, have filed for bankruptcy within twelve months of the incident while 50% wasted no time and filed for bankruptcy immediately. Finally, 43% of companies with no data recovery and business continuity plan actually go out of business following a major data loss.
Still, a survey conducted by Symantec SMB revealed that fewer than half of SMBs surveyed backup their data each week. Only 23% of those surveyed said they backup data every day and have a business continuity plan in place.
Businesses play on a much bigger playing field than they did two decades ago. Any disruptive technological event - even the smallest of incidents - can have an amplified impact on day-to-day business and profitability. Being proactive with data recovery solutions, and having emergency response procedures in place prior to a disruption or data disaster, is the only way to minimize downtime and soften the impact o
World Backup Days is on March 31st and we want to know if you have your files backed up? Need assistance setting up a backup for your data? Give us a call.
A backup is a second copy of all your important files — for example, your family photos, home videos, documents, emails, and financial data. Rather than storing it all in one place (like your computer), you should keep another copy of everything somewhere safe like an external hard drive, DVD, or the cloud.
Losing your files is more common than you’d think. Ever lost your phone, camera or tablet? What about a hard drive failure on your computer? There could also be an environmental event such as a fire. Your stuff could have been saved with a backup. One small accident or failure could destroy all the important stuff you care about.
There are several ways to back up your data. You can back up to an external disk or drive, such as CD or DVD burners, USB sticks, and external hard drives. You can also use a third party service that backs up to the Internet or cloud.
You should backup anytime you have updated or added media that is important to you. If your computer is starting to die or become less reliable, make a backup immediately. For some people, backing up daily is necessary, and for others, weekly or monthly. Choose a schedule that works for you. Using third party software can automate your backups so you don't forget!