If you’re a business owner in Florida, then you know that cybercrime is a major issue. As more tech businesses flock to the coastal regions, the state has become a hotbed for activity. In 2020, Florida ranked #2 in the United States for the number of cybercrime victims with over $295 million in financial losses. In fact, this year alone, nearly 54,000 Florida cybercrimes have already been reported to the FBI.
Understanding the relevance of ransomware and data breaches is critical to keeping your business safe. In this article, we’ll break down ransomware and data breaches and provide tips on how you can prevent them from happening to your business.
Understanding Ransomware and Data Breaches
As a business owner, you know that data is critical to your operations. Whether it’s customer information, financial records, or employee data, losing access to this information can be devastating. Ransomware and data breaches both target your data through different methods.
- Ransomware: Ransomware is a type of malware that encrypts your data, making it inaccessible. The attacker then demands a ransom in order to decrypt the data and restore access. In many cases, businesses will pay the ransom but never regain access to their data.
- Data Breaches: Data breaches are another serious issue facing businesses today. A data breach occurs when an unauthorized person gains access to your company’s confidential information. Once the data is in the hands of the attacker, it can be used for identity theft, financial fraud, or other malicious activities.
What Puts Your Business at Risk for Ransomware?
There are a few key factors that put businesses at increased risk for ransomware and data breaches.
- If you’re in an industry that deals with sensitive information, like:
- Government Work
- Whether or not you have cybersecurity insurance. This type of insurance can help cover the costs associated with a ransomware attack, but it doesn’t prevent the attack from happening in the first place.
- Your location. Businesses in urban areas are more likely to be targeted than those in rural areas. This is because there are more potential targets in densely populated areas. However, small-town companies are at risk too and often have limited access to cybersecurity resources.
How to Prevent Ransomware and Other Cyberattacks
The best way to prevent ransomware and data breaches is to have a strong cybersecurity infrastructure in place. This should include things like email security, firewalls, and intrusion detection systems. But perhaps the most important aspect of a strong cybersecurity program is employee training.
Your employees are the first line of defense against ransomware and data breaches. They need to be aware of the risks associated with clicking on links or opening attachments from unknown sources. They also need to know what to do if they suspect that their computer has been infected with malware.
Best Practices for Withstanding Ransomware and Data Breaches
There are a few best practices that businesses can follow to prevent ransomware and data breaches.
- Have a comprehensive backup plan in place. This way, if your data is encrypted, you’ll still be able to access it.
- Invest in cybersecurity insurance. This can help offset the costs associated with a ransomware attack.
- Invest in your employees. Your employees are an integral part of your cybersecurity infrastructure. The more prepared and educated your employees are, the safer your system and business will be.
- Consider hiring a managed service provider (MSP). These companies specialize in protecting businesses from cyber threats.
ITS Group Can Help!
ITS Group is a leading provider of cybersecurity solutions for businesses in Florida. We offer proactive protection monitoring, employee training, comprehensive backups, and much more.
Contact us today to learn more about how we can help your business prevent ransomware and data breaches.