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Cyber Attacks: Beware of Ransomware and Protect Your Company

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Cybercriminals don’t care if their attack is an original one or not. They are only interested in looking for vulnerabilities that may be present in computers, either in the hardware or the software. This way, they can infiltrate computers, especially corporate ones, to steal or destroy precious data stored in them.

In fact, 9 out of 10 companies have experienced cyber-attacks. Such security threats are possible because of the existing vulnerabilities of a company’s network, which they opt not to bother. Cyber attacks frequently happen to companies that don’t have the capability to upgrade obsolete computers and devices, including routers, servers, and other networking components. 

Ransomeware and the Damage It Brings

Known as the ransomware that crippled UK’s NHS system in mid-2017, the WannaCry ransomware crippled many companies around the world and caused damage which amounted to USD 8 billion. 

This forced Microsoft to work on and release a fix to the already obsolete Windows XP and Windows Server 2003 OSes the following day. The obsoleteness of this OS is what the ransomware used to their advantage.

However, the fix didn’t really work out as another ransomware by the name of NotPetya attacked computers using the same vulnerability. This caused around USD 10 billion worth of damages. The companies that were majorly affected were Reckitt Benckiser (a pharmaceutical company), Mondelez International, the company behind Kraft and Cadbury, and the shipping company Maersk.

Protect your Company’s Data from Ransomware

The most effective way to protect the data of your company is to upgrade all of the computers and other related equipment. It is not enough to purchase new computers and install the latest kind of operating system, say Windows 10 May 2019 update. It is also important to upgrade your network equipment and set up strong protection against malware.

It is important to set up network segments, monitor your network security, and install firewalls of multiple layers. Lastly, you should always update your computers to get the latest fixes. However, you should not rely on the updates alone that Microsoft or other OS makers provide.