Best Practices for Effectively Defending against Ransomware Cyber Attacks
Ransomware, a type of malware, has been by far the fastest growing type of cyber threat faced by businesses in recent years. And with good reason— most variants of ransomware encrypt files on an infected system or network, blocking access to the files completely until the victim pays a ransom in order to unlock the files, leading to quick, large paydays for cyber criminals.
Without question, ransomware has developed into one of the most significant and lethal threats to companies of all shapes and sizes today. In 2016 alone, ransomware activities increased by 82 percent, and the amount demanded in ransomware attacks more than tripled. This increase in attack volume and severity illustrates the growing risks of ransomware for large enterprises and small businesses alike.
Fortunately, there are very effective preventive measures available to businesses to significantly mitigate a company’s risk of falling victim to a ransomware attack. As such, now is the time for organizations to review the threat of ransomware, and the steps that can be implemented to steer clear of being on the receiving end of a crippling ransomware attack.
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“Best Practices for Effectively Defending against Ransomware Cyber Attacks,” by David J. Oberly was published in the July 2019 edition of the Intellectual Property & Technology Law Journal (Vol. 31, No. 7), a Wolters Kluwer publication. Reprinted with permission.