Home Business How to Protect Your Business From Ransomware

How to Protect Your Business From Ransomware

2

Small businesses are a prime target for hackers who aim to infiltrate their systems and hold their data hostage until they pay a ransom. The hackers bank on a lack of security and some employees’ poor digital practices to break in. Judging from the 300% increase in ransomware payments made by victims this year, they have been successful.

Being a ransomware victim can be disastrous for small business owners, particularly those on tight budgets. Cybersecurity firm Palo Alto Networks found the average payout for a ransomware attack was $570,000 in the first half of 2021, up from about $312,000 in 2020. According to the National Cyber Security Alliance, 60% of small businesses do not recover from a cyberattack. 

“It can have a devastating effect on small business owners who don’t have the funds for security equipment or cyber security insurance for if and when they have a ransomware issue,” Jen Miller-Osborn, deputy director of threat intelligence at Palo…

Click here for full article…www.business.com