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Don’t Fall for These 3 Ransomware Myths

By January 15, 2020 Blog
Ransomware Myths

As companies continue doing more online, business owners need to be on the lookout for hackers trying to steal their data. Over the last few years, ransomware has emerged as a popular way to extort businesses for money. While many business owners are aware of ransomware as a threat, many myths get mistaken as fact.

Believing these myths can leave your business vulnerable to a ransomware attack, or uncertain of what to do if the worst happens. Below, we broke down three common myths about ransomware to keep you in the know.

Myth 1: Cybercriminals Only Target Large Companies

Fact: While large companies are still prime targets for hackers, small to medium-sized businesses are also at risk of attack. According to Verizon’s 2019 Data Breach Investigations Report, 43 percent of breaches involved small businesses. Hackers know small businesses don’t have the same levels of security as enterprise corporations, which makes them easier targets.

Myth 2: A Firewall is All You Need to Protect Your Data from Ransomware

Fact: Firewalls are an essential security measure when protecting your infrastructure, but it shouldn’t be your only line of defense. Ransomware can attack your database from a variety of ways, and not all of them can be stopped with a firewall. If a phishing email slips through, or an employee clicks a bad link on an unsecured website, then the wrong people may get access to your precious data.

Myth 3: You Should Pay the Hacker to Get Your Data Back

Fact: Back in 2015, the FBI was caught in the middle of a controversy when one of its agents publicly admitted that the bureau was recommending ransomware victims pay the hackers to get their data back. Today, the FBI and cybersecurity consultants from Microsoft never encourage a ransomware victim to pay any form of ransom demand. They advise against doing so because there’s no guarantee the hacker will return the data after receiving the payment. Even if they do, the decryption key may contain additional viruses.

How We Can Help

The threat of a cybersecurity attack keeps many business owners up at night. Thankfully, you don’t have to protect your network alone. As your managed security provider, we’ll take the lead identifying any weaknesses within your system and make recommendations on how to strengthen your security. That way, you’ll have peace of mind while we protect your data. Give us a call today and let’s talk about how we can help.

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