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Ransomware Pandemic

02/02/2021
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Dirk Slechten
Executive System Engineer, EASI

A prediction for 2021 is that every 11 seconds a company is attacked by a malicious cryptolocker. Alongside the covid-pandemic, we're also facing another type of pandemic and this one is called Ransomware.

Just like the covid-19 virus, ransomwire viruses are continuously evolving and mutating. And unfortunately they will not simply go away with a vaccine. They are here, and they are here to stay. Even in the years to come, it's already clear that they will continue to grow.  A prediction for 2021 is that every 11 seconds a company is attacked by ransomware, so to say it with cliché, it's no question of 'if', but more when you'll be attacked. 

The most valuable asset? Data

Data is the oil of the 21st century and therefore, together with IT-infrastructure, one or possible the most valuable assets of companies today. In this digital ERA, data & the IT infrastructure must be seen as the main engine of the company. When this oil or engine becomes unavailable, almost everything comes to a full stop.

Recovering from this to a point where normal day-to-day operations can start again, takes weeks. Recovering to a situation as before the ransomware took place, can take months, or even years. All this has a major impact on your customers, your employees, and your business.

If there is no possibility to recover the lost data, we can call it “Game-Over”. Side note: “60% of SME companies close within 6 months of being hacked.”

I find It strange how some companies are reluctant in investing more money in the current IT Infrastructure to optimize security and guarantee business continuity.  What is more valuable than your most valuable assets in your company?

Is it worth the risk of not having a Business Continuity plan during this pandemic? 

“Protect your business” is the message I would like to share with you today. You can start by creating a continuous improvement process on how your employees should work, handle and protect your sensitive data from the outside world and how to operate your infrastructure in the best and secure way possible.

2021 will be a year to start or to review your cybersecurity, backup & disaster recovery strategy. 

Some key takeaways to implement: 

And some handy tips to prevent ransomware

If you would like to have a conversation around this topic or are looking for advice, feel free to contact us.

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