How to Protect Your Organization from Ransomware

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The Next Great Threat to Business IT

When companies are victimized by ransomware, they then have to find a way to retrieve their data and get affected employees back to work before it significantly affects the business. While the ransom demanded can be costly at up to $5,000 per user, downtime is often even more detrimental. Intermedia's report found that 72 percent of organizations could not access their data for at least two days following a ransomware outbreak, and 32 percent lost access for five days or more. Even worse, 19 percent of the companies that paid the ransom still didn't get their files back. This interruption to "business as usual" can result in lost opportunities and decreased customer satisfaction that can have long-lasting ramifications on a company's success.

Ransomware is taking organizations of all sizes by storm with a keen eye on the health care sector, as made evident by recent outbreaks in the Hollywood Presbyterian Medical Center in Los Angeles, and more recently the Methodist Hospital in Henderson, Kentucky. Although the ransom can be costly, the reality is that the downtime inflicted by ransomware can be even more damaging to businesses.

A recent report commissioned by Intermedia found that 72 percent of employees were unable to access their files for at least two days, and 32 percent were locked out for five days or more. Richard Walters, SVP of Security Products at Intermedia, believes that companies need to take this emerging threat more seriously, and can start to do so by taking the necessary steps to minimize the damages.

 

Related Topics : Unisys, Stimulus Package, Security Breaches, Symantec, Electronic Surveillance

 
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