Saturday, December 28, 2019

Encrypted File Sharing Protects Your Business Against Ransomware Attacks

The FBI has reported ransomware is a growing cybersecurity concern among business owners. Cybercriminals are using a strain of malware to gain access to business networks and encrypting their data. Files and folders are locked down by the attackers who, in turn, demand a ransom from the victim to restore access to the data upon payment. For professionals trying to run a business, the fear of a ransomware attack and the devastating effects it can have on the business, are at the forefront of their minds. How will you ensure your business is safe from a ransomware attack?

Common Types of Cybersecurity Breaches:

Ransomware attacks usually happen when an employee unknowingly downloads malicious software. Encrypting ransomware will often come via an email attachment. Once the victim opens the download, malicious code is launched and allows the attacker to install a program on the employee's device. Once this happens, the employee is usually shown instructions for how to pay the ransom to get the decryption key. What's the solution? Encrypted file sharing can help protect a network from a ransomware attack.

Encrypted File Sharing and Ransomware:

Many businesses, especially those who deal with multiple client's personal data daily, understand the importance of encrypting sensitive files. Ransomware takes cyber attacks to another level. Ransomware could infiltrate a user's device just by visiting a web page, no matter if the victim agreed to download the software or not. Ransomware infiltrates a network and encrypts what is already encrypted or not. Today, end-to-end encrypted file sharing is still the safest way for businesses to share files online.  

How to Prevent Ransomware Attacks:

Practicing the best prevention methods is the easiest way to ensure your business is secure from the daunting cybercriminals flooding the internet. Education, encrypted file sharing, and maintaining backups will help keep your business and your employees safe.  

  • Always update software. Ransomware attackers exploit weaknesses found in software that hasn't been updated.
  • Education. Employees should be trained to be more aware of suspicious activity or emails coming from an unverified source. There must be a clear protocol on how to react if an employee receives a skeptical email. Companies should hold workshops on the best cybersecurity practices.
  • Always have a backup. If the victim does not have a backup of all the encrypted files, in most cases, they will be forced to pay the cyber attacker a ransom to get the encryption key.
  • Use a trusted file sharing service. Platforms like Trustwire make secure file sharing for businesses easy. Using end-to-end encryption, Trustwire helps prevent against ransomware attacks and other cybersecurity attacks.

To learn more about how Trustwire can be a useful tool against ransomware attacks and other cybercrimes.

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