The Last Line of Defence Against Ransomware

In today's digital age, data is the lifeblood of organisations, both large and small. Unfortunately, cybercriminals recognise this fact all too well, and ransomware attacks have become a rampant threat to data security. In 2022 alone there were 236 million ransomware attacks.*

Veeam’s 2022 Data Protection Report concluded that the average cost of downtime due to a ransomware attack is €88K per hour. A typical ransomware attack can be devastating, but having a solid backup solution in place, such as Veeam, can be a game-changer.

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What does a typical ransomware attack look like?

Most often used in ransomware cyber-attacks is the lock & key method. Files on the target system become unreadable without a decryption key (held by the attacker). Typically, ransomware works by encrypting select files, then forcing the victim to pay up in order to decrypt them. Here’s how it goes:

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The Stealthy Invasion: Ransomware attacks often begin with a seemingly innocent email or link that, once clicked, releases the malware into your system. Alternatively, attackers may exploit vulnerabilities in software or employ social engineering techniques to gain unauthorized access. Once inside, the malware begins encrypting your files, rendering them inaccessible.

The Dreaded Message: Once the encryption process is complete, a menacing message appears on your screen, demanding a ransom in exchange for the decryption key. This message typically includes a timer, increasing the pressure to pay before your data is permanently locked.

Imagine a scenario where your business falls victim to a ransomware attack, rendering your financial records inaccessible. Thanks to a comprehensive backup strategy you can initiate a full system restore and recover your data quickly, minimizing downtime and financial losses. When you’re faced with a ransomware attack if you have a clean backup of your data and can prevent the ransomware from reaching the backup and encrypting it as well, you have a secure and simple solution to recover without paying the ransom.

A safe backup is your last line of protection and Veeam ensures you're ready for ransomware attacks and can recover quickly. Veeam protects all your workloads with a single solution that includes features like:

• Backup Verification:?SureBackup verifies your backups automatically to ensure that they are malware-free and recoverable.
• 3-2-1-1-0 Rule:?It's easy to follow best practices to protect your data because it's hardware-agnostic and has over 80 qualified storage solutions.
• Scalable Instant Recovery:?Veeam gives you the tools to make recovery a faster and more cost-effective alternative to paying a ransom.
• Disaster Recovery (DR) Orchestration:?Create and document DR plans quickly and easily, with automated testing and insight into your DR readiness.

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According to the 2022 Verizon Data Breach Incident Report 82% of breaches are caused by human error. This includes:

• social engineering attacks
• phishing
• spear phishing
• errors
• misuse/transgressions.

The most crucial step in dealing with ransomware is prevention. Regularly update your software and educate your employees about phishing scams. Implement robust cybersecurity measures and network segmentation to limit the spread of malware. However, even with the best preventive measures, breaches can still occur. This is why a backup strategy is a must.

Who Should Be Concerned? Everyone is a potential target for ransomware attacks. Cybercriminals are equal opportunity attackers, targeting individuals, small businesses, and large enterprises alike. No one is immune, and the consequences can be devastating. According to the 2022 Verizon Data Breach Incident Report, when a business is attacked, they are able to recover only an average of 64% of their data, meaning they can count about a third of their data permanently gone.?

Bechtle Comsoft: Your Trusted Advisor

Preventive measures are crucial but in the event of an attack, having a reliable backup strategy becomes your last line of defence. Don't wait until it's too late – invest in a backup solution today and partner with Bechtle Comsoft to safeguard your business and maintain uninterrupted operations. Together, we can fortify your defences and ensure your data's security and integrity.

Implementing an effective backup strategy requires expertise and the right tools. Bechtle Comsoft, as your trusted advisor, I can guide you in establishing a robust backup system tailored to your specific needs. Our experience in cybersecurity solutions and data management ensures that your organization remains resilient in the face of ransomware threats. Feel free to contact me directly to find out more.

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Source: AAG IT Services*

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