After the recent round of ransomware attacks of wanna-cry, the business world got a serious wake-up call, with many having no strategy for these sort of attacks. However, by using experiential planning, you can ride out the storm with no issues.
What is a ransomware?
This is a type of malicious software from crypto-virology that involves threats to publish classified information or initiate perpetual blockage to such data on condition that the ransom sought is not paid. Ransomware usage by cybercriminals has been on the rise as more government agencies and private firms continue adopting e-data storage systems. Cyber criminals seek to kidnap sensitive data or use lock screen attacks as the means through which they can compel their victims into paying the ransom they ask. In the past decade, many firms and organizations have been victims of ransomware leading to increased awareness of the need to take steps that will ensure they are safe. As more firms adopt the use of big data, there is anticipation that more cases of ransomware are likely to be on the rise.
What steps can organizations take to protect themselves from Ransomware?
The most preferred method that organizations can take to protect themselves from ransomware is through the ‘tabletop exercise’. A tabletop exercise is a process of conducting a carefully crafted simulation of a ransomware attack with the intention of examining a firm’s security response processes. The simulation helps the relevant authorities to approve that such response processes are adequate.
The main advantage of the ‘tabletop exercise’ method is that it provides all stakeholders with the opportunity to engage in sincere, frank, and in-depth discussions on the most appropriate steps that can be taken when ransomware strikes. The method is especially helpful when discussing the most contagious issue of the payment or non-payment of ransom.
What are the other advantages of ‘tabletop exercise’?
- It initiates healthy and honest discussions that you should take in case of a ransomware attack.
• It provides you with the opportunity to evaluate whether your systems are secure.
• You get an opportunity to determine the effectiveness of your organization’s communication channels, especially when dealing with emergencies.
Reasons why you should not pay Ransom in case of a Ransomware Attack
- Non-compliance from the criminals: There are chances that even if you pay the ransom sought by the criminals, they will still not honor the agreement.
- It makes you vulnerable: Compliance to the demands made by the ransomware attackers has the risk of exposing your firm or organization as a soft target for future attacks.
- It might lead to poor decision-making: Ransomware pressure is likely to build up among an organization’s managers as they seek to solve the issue as quick as possible. Such pressure is likely to overcrowd the mind and lead to poor decision-making. Such a situation would be avoided had decision makers taken time to think over the issue.
Hewlett Packard Enterprise offers advice and consultation on how organizations can secure their systems against cyber-attacks. Considering that each attack is likely to expose your firm to other future attacks, it is better if you can prevent the initial attack. You can contact HPE or EMPR Australia to seek professional advice on the steps that you could take to reduce your firm’s vulnerability to Ransomware.