Ransomware on the Rise: Why Businesses Need More Than Traditional Cybersecurity

As ransomware attacks continue to surge globally, many businesses are realizing that basic antivirus software and firewalls aren’t enough to protect against the newest, highly targeted attacks. Cybersecurity experts agree that layered, proactive security is critical for defending against ransomware, which can hold your data hostage and cost companies tens of thousands in recovery costs and operational losses.

The Shift to Active Threat Hunting and Managed EDR

A new approach to cybersecurity is taking hold: Managed Endpoint Detection and Response (EDR) actively hunts for threats across networks, detecting and isolating suspicious behavior before ransomware can execute its payload. Rather than just blocking access, EDR constantly monitors all endpoints for unusual patterns, meaning threats are identified and contained in real-time. The effectiveness of this approach is clear, with 98% of our clients already adopting Managed EDR, giving their businesses a vital layer of protection.

Ransomware and Cyber Insurance: Don’t Assume You’re Covered

The rise in ransomware incidents has also impacted cyber insurance, with insurers becoming more stringent about their policies. Many companies facing ransomware are finding their claims denied due to lack of compliance with minimum security requirements. We recommend reviewing your cyber liability policy and ensuring that your business complies with these standards.

But, as ransomware demands continue to rise, the best strategy isn’t just relying on insurance—it’s prevention. A ransomware payout may never cover the full costs of recovery, lost data, or reputation damage. Proactively managing security risks with advanced tools like EDR significantly reduces the likelihood of a successful ransomware attack.

Need a Cybersecurity Checkup? Let’s Talk

If you’re unsure whether your current defenses are enough to protect against modern ransomware, iMedia Technology is here to help. With over 24 years of experience in IT support across Cape Cod, eastern Massachusetts, and beyond, we specialize in robust, layered security strategies that prioritize prevention and resilience.

For more information on ransomware protection, contact us at 508-790-4171. Protecting your business from ransomware begins with the right defenses.