ransomwareIt’s a moment every business owner dreads. A message appears on your organization’s computer screen alerting you that your files have been encrypted and the only way to access them is by paying a ransom. Security threats to computers and mobile phones have grown more sophisticated around the globe in the past few years. The United States in particular saw an increase in “ransomware.”

What is Ransomware?

Cypersecurity experts report that ransomware is one of the fastest growing forms of hacking, and the scary part is that no one is safe. An individual, a small business, a Fortune 500 company, and government agencies can all be infiltrated. It also attacks smartphones. Ransomware is malicious software that hackers use to extort money from individuals or businesses by preventing them from opening their documents, pictures, and other files unless they pay a ransom, usually in the amount of several hundred dollars.

How Ransomware Works

Similar to other hackers’ schemes, ransomware can arrive in emails or attachments with links that, when clicked, encrypt your files. Attacks can also occur during a visit to a website, as cybercriminals can attach computer code to even the most well known websites. It could happen during something as harmless as updating an application or downloading an app on your smartphone.

Protect Your Organization

Cybercriminals are starting to target small businesses more and more, because generally speaking, they are more vulnerable. While big companies have backups and separate computers for their different departments, small to medium sized businesses lack technology teams, sophisticated software, and secure backup systems to protect from ransomware. One of the best investments your organization can make is to make sure all your devices are compliant with the latest operating systems patches and security updates and backup your company’s files in the event of a security breach. If your organization needs guidance on secure backups, contact your trusted IT advisor today.

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