Dallas Fort Worth businesses are in the latest cross-hairs of Ransomeware attacks. Having the right processes and IT infrastructure in place is critical to protect your IT investment. Businesses are increasingly growing concerned over the threat posed by cybercriminals and unauthorized third party access through the spread of malicious programs. These have the capacity to cause substantial loss and corruption of your data, causing you to incur substantial financial losses and damaged business reputation and credibility.
Although the fight against cybercrime has taken up a notch, one threat that has almost gone unnoticed is ransomware. Over the past few years, ransomware has contributed to the loss of corporate data and financial position for many businesses. Understanding how it can affect your business is crucial.
What Is Ransomware?
Ransomware, also known as malware, is a malicious software program that bars access to essential and sensitive information or files on your computer, smartphone, or tablet device. The data stored on these devices, depending on how crucial it is, is then used as ransom by the cybercriminals for extortion. The cybercriminals or hackers will usually threaten the individual or business to erase or leak the data unless they are given payment.
What Threats Does It Pose To My Business?
It is important that businesses seek full protection from such threats. Leakage of sensitive corporate information, such as customer account details, credit card details, and future strategic plans can cripple the integrity of the company.
The costs of this loss can be significantly higher than the damage to files and folders stored on corporate devices. Customers, for instance, can lose confidence in the business and switch to rivals due to the failure of keeping their details confidential. Alternatively, the spread of strategic plans can cause the business to lose competitive advantage. Heavy financial costs can also be incurred, such as the loss of replacing hacked or compromised devices, system downtime, legal penalties, and much more.
If you are a small business based in Dallas/Fort Worth TX and want strengthen your IT Security systems to prevent ransomware attacks. Our Managed IT Security includes best practice security management to protect your network infrastructure from malicious malware and cyber criminals. Call us today for a free Security Audit 801-557-4091.