Ransomware is Still a Top Cyber Security Threat

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Verizon released the 2018 Data Breach Investigations Report (DBIR) and the eye-opening news that ransomware remains the most common type of malware. Ransomware is found in almost 40% of malware-related data breaches, up from only 20% last year. Ransomware attacks are also moving from superficial targets to mission-critical systems to inflict more damage and elicit bigger ransoms.

Evolving Threats

The latest DBIR also noticed a change in how attacks like phishing and financial pretexting are being carried out. Sophisticated cyber attackers are targeting Human Resources departments to get employee tax, wage and personal information. Criminals are then using the information for tax fraud and diverting tax rebates. The escalation in severity and sophistication of ransomware threats is concerning for businesses of every size.

The Biggest Weak Point

The human factor is still the biggest weak point in most business security systems. 98% of social ransomware incidents were financial pretexting and fishing. In 93% of all security breaches detailed in the DBIR, email was the primary entry point. Businesses are over three times as likely to be breached by a social attack (the result of an employee) than by a vulnerability in the security system. It’s also important to remember that it only takes a single employee or single vulnerability to have your entire business held hostage by ransomware.

Protecting Your Business from Ransomware

  • Choose a trusted security provider like Teltek to install and maintain the systems that protect your most important information.
  • Invest in proactive monitoring to spot any vulnerabilities or potential problems before exploitation occurs.
  • Train your employees in how to spot warning signs of phishing attempts and cyber attacks. What should an employee do if a suspicious email arrives? Who should be notified?
  • Keep sensitive and personal information on a need to know basis, so that only employees that need access have it.
  • Patch systems rapidly and install updates right away, or use a managed services provider to do so on your behalf.
  • Encrypt all sensitive and mission-critical data.
  • Use two-factor authentication for email and other important apps.
  • Utilize physical security measures to guard your workplace.

Ransomware Prevention by Teltek

Teltek is a leader in digital security systems designed to protect your business from ransomware and other malware attacks. If you are ready to learn more about Teltek and our security solutions, contact us today for a free consultation at 1-866-9-TELTEK or 410-552-6580.