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  • Writer's pictureKen Dennis

The Odds of Getting Ransomware in Small Business: How to Protect Your Business


Ransomware attacks are becoming increasingly common, and small businesses are often the most vulnerable targets. In this blog post, we'll explore the odds of getting ransomware in small business and share some tips for protecting your business from these types of attacks.


The Odds of Getting Ransomware in Small Business


According to a report by Cybersecurity Ventures, ransomware attacks are projected to cost businesses over $265 billion by 2031. This staggering figure underscores the severity of the threat that ransomware poses to businesses of all sizes.


Small businesses are often seen as easy targets for ransomware attacks. Cybercriminals know that small businesses are less likely to have robust security measures in place and are more likely to pay the ransom to get their data back.


In fact, a study by Datto found that 60% of small businesses that were hit by a ransomware attack ended up paying the ransom. This means that even if your business has a backup strategy in place, you could still end up losing money and valuable data.


How to Protect Your Business from Ransomware Attacks


Fortunately, there are steps you can take to protect your business from ransomware attacks. Here are some tips to get you started:

  1. Backup Your Data Regularly

One of the most important steps you can take to protect your business from ransomware attacks is to backup your data regularly. Make sure your backups are stored offsite and that you have multiple backups in case one fails.

  1. Educate Your Employees

Your employees can be your biggest vulnerability when it comes to ransomware attacks. Train your employees on how to recognize phishing emails and other types of social engineering tactics that cybercriminals use to gain access to your systems.

  1. Use Antivirus and Antimalware Software

Make sure you have antivirus and antimalware software installed on all your business devices. These tools can help detect and prevent ransomware attacks from infecting your systems.

  1. Keep Your Software Up to Date

Outdated software can be a major vulnerability for your business. Make sure you're regularly updating all your software, including operating systems, browsers, and plugins.

  1. Use a Firewall

A firewall can help block unauthorized access to your business network and systems. Make sure you have a firewall in place and that it's configured correctly.


Conclusion


While the odds of getting ransomware in small business are high, there are steps you can take to protect your business from these types of attacks. Backup your data regularly, educate your employees, use antivirus and antimalware software, keep your software up to date, and use a firewall to help protect your business from ransomware attacks.


If you have more questions about protecting your business from ransomware or other business technology needs, reach out to KD Technical Services to see if we are a good fit for you. We offer a range of IT solutions to help small businesses manage their technology needs, including software installation and support. We're based in Langley and also service Burnaby, Surrey, Abbotsford, and White Rock. Our team of experts can help you find the right technology solutions for your business and provide support and training to help you get the most out of your technology.

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