When it comes to ransomware attacks, US businesses are often a prime target. Between 2019 and 2020, 60% of all attacks happened in America.

These attacks aren’t minuscule, either. Across the globe, they cost businesses over $1 billion. Most small-sized businesses don’t have the resources to bounce back after an attack. With that in mind, preventing an attack is key.

Are you hoping to protect your business by learning all about ransomware? If so, then you’re in the right place. Read on to discover everything you need to know as we head into 2021.

What is Ransomware?

So, what exactly is a ransomware attack? Ransomware is a type of malicious software. The program enters into your database and steals your data. From there, nefarious actors block your access to it.

They’ll then attempt to extort money from you if you ever hope to see the data again.

What You Need to Know About Ransomware Attacks

Think you won’t negotiate with a terroristic threat like that? Ransomware attacks can cripple your entire business operation. That’s why a whopping 70% of businesses pay up to get their data back.

Here are a few ways that ransomware can damage your business:

  • Loss of customer data
  • Loss of business data
  • Damage to your business reputation
  • Costs to recover your data
  • Cost of replacing devices
  • Potential lawsuits due to the data breach
  • Lost profit
  • Lost customers

In the worst situations, your lost data can prevent your business from operating. It could also cause irreparable damage to your brand. This is especially true if you do wind up paying a ransom to restore operations.

Not only will you sacrifice a chunk of money, but you’ll also make your customers wary of doing business with you.

How to Protect Your Business

Due to the damage these attacks can cause, it’s crucial to invest in protection in 2021. Ransomware can enter your computer in many ways including:

  • Clicking links in an e-mail
  • Downloading a file
  • Tricking an employee into granting a hacker access to your system
  • A vulnerability in your network or computer
  • Insecure passwords
  • Connecting to public Wi-Fi
  • Using operating systems or software that’s out of date

The best way to protect yourself is to hire professionals to secure your system. It’s also a good idea to teach your employees about basic computer safety.

For example, train your employees to read the data privacy policy when downloading an app. Tell them not to click on links in unknown e-mails. Hold a meeting about the importance of password security.

These measures will pay off in the long run if you avoid even one ransomware attack.

Protecting Your Business From Ransomware Attacks in 2021

Is your business safe from ransomware attacks? If you don’t have a plan in place, then you might be leaving yourself vulnerable. Now that you know how dangerous these attacks can be, you need to act.

Start by hiring a professional IT solutions provider.

2020 was uncertain enough. Don’t make the mistake of leaving your business safety uncertain through 2021. Put your trust in our expert’s hands. Contact us now to learn how our business can help protect and serve your company.