How To Avoid Paying Hackers Thousands of Ransom Dollars

July 2, 2019

Local Florida cities paid hackers hundreds of thousands of dollars. Earlier this year, ransomware hit Riviera then Lake City two weeks later. It made national headlines. 

What Happened? 

Ransomware unleashed onto both cities’ systems, leaving them helpless. 

Know the terms: what is ransomware?

In Riviera, employees couldn’t complete daily activities like emails or calls. The government even had to bring out paper checks to pay people. Lake City was impacted much the same.  

In this case, malicious emails caused both ransomware attacks. But that’s not the only way for hackers to sneak onto your network. There are plenty of small business ransomware risks.

Take these examples.

Who’s a Target? 

Those without proper cybersecurity practices. Often, it’s small organizations lacking the right resources and training. 

The problem is hackers know this weakness. Although corporations have more money to steal, they also have more security.  Small entities are simply easier for hackers to strike.  

People don’t think they have the time or money to do cybersecurity the right way. Usually, the fear is worse than reality.  

What Are the Potential Consequences? 

Ransomware's business impact can be huge. Hackers can steal files like client health records or routing numbers. They can expose your trade secrets.  

And that’s not all. Once the hackers finish with you, you’re at risk of client/customer lawsuits and a tarnished reputation. Take a look at Colorado Timberline. If you’re thinking, “I just don’t want to end up in the news,” proper cybersecurity will make sure you don’t. 

How Concerned Should I Be? 

It depends on how effective your managed service provider or IT department is. We’re following a three-stage process to cover all bases. 

  1. Ensuring all security fundamentals, like network segmentation, are in place
  2. Backing up everything (and focusing on the right backups)
  3. Using proprietary tools to stop ransomware before it ever reaches our clients

If your IT provider or IT department isn’t doing the same, you need to ask why.  

What Should I Do? 

If you’re part of iVenture 

You're all set. We’ve got you covered. Reach out to your principal consultant for any questions.  

If you’re not a client yet 

You shouldn't be asking yourself, "Does my computer have ransomware?" The best ransomware attack prevention is to be proactive. 

Get started today. This isn’t the first stream of ransomware attacks and it won’t be the last.  Help My IT

iVenture Solutions is an award-winning managed service provider delivering superior IT solutions to clients across Florida.

As a leading-edge IT firm for small and medium-sized businesses, we provide a diverse range of services covering the entire scope of IT including maintenance, support, hosting and more.

Through rapid response time, reduction of chaos and the right people, our expert team of IT professionals will fulfill your technology needs. At iVenture, we give you more time to do what matters most.

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