What’s the recent ransomware “WannaCry” attack?

Ransomware is a kind of malicious software that, as its name implies, takes a computer hostage and holds it for ransom $$. In this case, the attackers are asking for at least $300 in bitcoins (Bitcoin is an innovative payment network and a new kind of money) for each computer affected by the attack.

With ransomware attacks, the malware locks down the targeted machine, encrypting its data and preventing the computer owner from accessing it until he or she agrees to pay up. The ransom trojan virus is just the latest in a long list of similar trojans.

Ransomware is now considered a fact of life in today’s cybersecurity landscape, but that doesn’t mean SMBs are protecting themselves from a potential ransomware attack or even know it’s a possibility.

Often, users recognize a ransomware threat after it is too late. According to the Verizon 2015 Data Breach Investigations Report, 23 percent of SMBs that receive phishing emails open them, and 11 percent click on the attachment.

And those types of mistakes can be costly. According to the FBI’s Internet Crime Complaint Center, ransomware victims reported more than $18 million in losses between April 2014 and June 2015, with ransoms ranging from $200 to $10,000
Unlike typical ransomware attacks, which require a user to open an emailed attachment or click on an emailed link that contains malicious code, the WannaCry ransomware appears to transmit itself without the user doing anything.

recent ransomware WannaCry attackSavage Has the Patch You Need!

Microsoft released a patch in March to protect older operating systems. As a member of Savage Consulting managed services, we download and install patches from Microsoft, Adobe and Java weekly. If more businesses had implemented a policy to install patches as they came out the effects of the WannCry ransomware would be much less.

Cyber criminals are doing their best to hack into your network, computers and your users every day as security vendors are releasing new tools to help protect you.

Please remember: we can never guarantee that hackers, ransomware, malware or viruses will never get in as long as a user is connected to the internet at your business. All we can do is recommend the best tools to protect you and restore your systems if they do.  Call Savage at (813) 240-7772