BNMC Blog

Ransomware has rapidly emerged as one of the most menacing and dreaded forms of malware attacks in use today. If you find yourself hoping it would simply vanish, it's completely understandable, but unfortunately, there is little reason to believe that ransomware is going away.

Of all the threats out there that loom over businesses, it seems as though ransomware is one of the most feared. It’s certainly one of the threats we talk about the most… and there’s good reason for this, too. If we seem to be overly alarmist, we aren’t. Ransomware truly is a considerable enough threat to warrant so much, well, consideration, and there’s a simple reason why this is.

Did you know that ransomware could cost businesses $265 billion by 2031? These numbers are nothing to scoff at, and they are indicative of a serious threat to not just your business, but the business world as we know it. Let’s go over some ways you can keep your organization safe from ransomware.

Let’s say, hypothetically speaking, your business was infected with ransomware, and—despite our advice not to—you decided to pay the ransom. Once the money’s handed over, that’s the biggest cost that you might be subjected to, right?

Not so fast. Ransomware has many more impacts than that, each of which come with their own costs as well. Let’s dive into some of the other factors that also contribute to the cost of ransomware.

For years now, cybersecurity experts have reiterated time and again that it was only a matter of time before smartphones would become a target for major cyberattacks like ransomware. The facts are that most people use smartphones and most of these devices aren’t really protected with active antivirus software. It stands to reason that ransomware is developing into a major trend in mobile cybercrime. Since ransomware is the grand-daddy of threats, keeping it off your systems is essential.

Cybersecurity is not an exact science, but it is something that you can definitely work diligently at. This will often help your organization do more to handle the risks of doing business in the online world. Unfortunately, the amount of attacks that target today’s businesses are starting to overwhelm a lot of the IT security efforts that they take and can lead to data loss or worse. This week, we will take a look at some of the worst data breaches of 2022… so far.

You know the term “ransomware.” It’s all over the news, and it’s because it’s a huge threat to all types of businesses, regardless of size or industry. If you want to protect your business’ future, you have to implement security measures that will allow you to not only address ransomware but prevent these attacks altogether. Depending on the type of data you store, you might find yourself more susceptible to ransomware attacks.

Ransomware is one of the worst strains of malware that your business could encounter. It makes cyber-extortion possible and can be a big problem for any business that happens to come across it. You need to learn what ransomware is and how to protect your business from malware and other cyberthreats.

The idea that cybersecurity will always be a major concern isn’t an extreme one. All one has to do is consider some of the threats we’re just starting to see now. Let’s take a few moments to consider what today’s threats might tell us about tomorrow’s.

Ransomware can be disastrous for any business that gets hit by it, but not always in the way that you might expect. It might threaten business continuity and compromise data security, but it can also directly impact the way that the public views your company. In fact, the decision you make about whether or not to pay the ransom can be a major deciding factor in whether a customer will stick with you.

One of the most dangerous threats out there is ransomware, and for good reason. In many cases, the problems from ransomware can have far-reaching and devastating consequences for businesses, no matter which industry they operate in. Let’s take a look at why ransomware is so problematic and what you can do to stop it.

There are many cybersecurity threats out there, but the one that has cemented itself in the minds of business owners in recent years is ransomware. Ransomware encrypts data on the victim’s devices, forcing them to pay a ransom for the decryption key. As you might imagine, this practice is quite lucrative for cybercriminals—some more than others, of course.

The ransomware attack against Kaseya’s VSA servers for approximately 1,500 organizations was yet another major challenge for businesses to overcome, and while most of the affected companies did not give in to the hackers’ demands, others felt forced to pay the ransom. The problem, however, is that some of those who did pay the ransom are now having trouble decrypting their data, and with REvil MIA, they do not have the support needed to decrypt their data.

At this stage, you don’t need us to tell you that ransomware is bad. This threat has gone from being an emerging problem to one that is now sensationalized and commonplace in headlines and news stories around the world. According to a recent study, even organizations that do pay the ransom when they get infected by this threat are playing with fire.

Ransomware is a threat that has seen exponential growth in recent years. We have witnessed it grow from a minor annoyance to a considerable global threat. Even the U.S. Justice Department has issued a declaration that they would begin investigating ransomware in much the same way that they would terrorism cases. Let’s take a look at how this policy could change the way your business should respond to these threats.

The recent hack of Colonial Pipeline has led to no shortage of problems, chief among them gasoline shortages all across the east coast of the United States. The pipeline’s operations may have been restored, but the question still remains: what could have been done to stop it, what can we learn from this incident, and what changes can we expect to see as a result?

Ransomware attacks are notorious for their expense to the victim—largely because of the various costs that come along with successful ransomware infections, including many that might not be expected at first. Let’s review some of these costs, if only to reinforce the importance of avoiding ransomware as a rule.

Around this time each year, there’s a tradition of people telling stories that have been passed down for years. We wanted to participate this year, so we’ve decided to reimagine a true holiday classic: Die Hard.

Let’s consider how the action may have played out differently if the movie’s events were to take place today…

From individuals all the way up to companies and governments, ransomware has been causing no small amount of stress for some years now. Let’s take a few moments to discuss this threat, what you can do about it, and how seriously the government is taking ransomware.

Ransomware has become a favorite attack vector for hackers - after all, for them, it’s pretty much a no loss game. They either get paid, or they move on to their next target. Unfortunately, cyberattackers that dispatch ransomware often do get paid, and these payments can sometimes come from a surprising source: cybersecurity firms.