Ransomware Report

Infographic showing ransomware as the most prominent malware threat to small and medium businesses

A survey by the international IT security company, Datto, has confirmed that ransomware is still the biggest cyber-attack threat to small to medium sized business (SMBs).

The survey of 2,400 managed service providers (MSPs) who support the IT needs of business worldwide has revealed the average attack is 10 times more costly than the actual ransom demanded, because of downtime caused by attacks.

The survey findings support the most recent Australian Government’s Cyber Security Centre Threat Report which says: …… ransomware continues to grow as a method of extorting funds from a wide range of victims. It is one of the most prevalent financially motivated cybercrime threats worldwide and is likely to remain so due to its continuing success.

Phishing emails are the most popular method for cyber criminals to deliver ransomware, which is a malicious software that threatens to make business data inaccessible until a ransom is paid.

When it comes to protecting small and medium-sized businesses, the report found that business continuity and disaster recovery was the single most effective method for ransomware protection.

Think Technology Australia’s business continuity and backup solution provides the ultimate fail safe in a multi-layered defence approach. Leading-edge technologies ensure that your data remains secure and accessible in the event of a cyber-attack, natural disaster or hardware failure.

Talk to us and find out how our solution automatically and invisibly takes snapshots of your data and systems at regular intervals, and stores the data in a secure location. Should a disaster occur, we can simply ‘turn back the clock’ to a snapshot of your business before the incident happened and recover your data without you incurring any damage, or experiencing any downtime.