What Is Ransomware and Why Should You Care?

Ransomware is a dangerous type of malware designed to lock you out of your files and critical systems by encrypting your data. Cybercriminals then demand a ransom—usually in cryptocurrency—before providing the decryption key. For businesses, the stakes are high: prolonged downtime, significant financial losses, reputational damage, and the risk of permanent data loss. Understanding how ransomware works and how it spreads is the first step in protecting your business from this ever-growing threat.

vBoxx Team

Guides & Tips

Published on:

December 2, 2024

Last Update:

December 2, 2024

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Ransomware doesn’t appear out of nowhere. It uses various entry points to breach your systems and infect your files. Here’s how attackers commonly gain access:

1. Phishing Emails

Phishing emails are a primary delivery method for ransomware. Attackers send deceptive emails that appear legitimate, tricking recipients into:

  • Clicking on malicious links.
  • Downloading infected attachments (e.g., PDFs, Word documents, or ZIP files).

Phishing is responsible for the majority of ransomware infections, as highlighted in the 2023 Verizon Data Breach Investigations Report.

2. Unsafe Downloads

Malware is often hidden in files downloaded from untrusted or unauthorized sources, including:

  • Cracked software and free applications.
  • Fake updates (e.g., browser or plugin updates).
  • Multimedia files like videos or images designed to lure users into downloading them.

According to Kaspersky, attackers frequently bundle ransomware within seemingly innocent downloads.

3. Exploiting Software Vulnerabilities

Outdated software with unpatched security flaws is a magnet for attackers. They exploit these vulnerabilities to install ransomware directly onto your systems.

Unpatched systems are responsible for 57% of ransomware attacks, according to a report by Cybersecurity Ventures (Cybersecurity Ventures, 2023).

4. Unsecured Applications and Devices

Applications lacking proper security or external devices like USB drives can introduce ransomware to your network.

5. Weak Remote Access Controls

Attackers exploit weak or stolen credentials to gain remote access through Remote Desktop Protocol (RDP) or other remote services. Once inside, they can deploy ransomware across your network. In 2022, RDP attacks accounted for 50% of ransomware infections (Sophos, 2022).

Real-World Consequences of Ransomware

Ransomware isn’t just an inconvenience—it’s a full-blown crisis for organizations. The effects include:

  • Data Loss: If backups are unavailable, you may lose valuable data permanently.
  • Downtime: Entire systems can be locked, halting operations for hours or days. On average, businesses experience 21 days of downtime after a ransomware attack (IBM Security, 2023).
  • Reputational Damage: Clients and partners may lose trust if sensitive information is exposed or leaked. In a recent survey, 63% of consumers said they would stop doing business with a company that mishandled their data (Forbes, 2023).
  • Financial Burden: Ransom demands, recovery costs, and compliance penalties can add up to millions. In 2023, the average ransomware incident cost businesses over $4.5 million (Ponemon Institute, 2023).

How to Protect Your Business From Ransomware

Ransomware doesn’t have to be inevitable. By implementing a robust data protection strategy, you can safeguard your organization against its devastating effects. Here’s how:

1. Back Up Your Data Regularly

The most effective way to recover from a ransomware attack is by restoring your files from backups. Frequent backups ensure minimal data loss and fast recovery.

Best Solution: Rent a Synology device from vBoxx to ensure your backups are safe, secure, and readily accessible. Synology hardware provides powerful data protection, enabling you to maintain business continuity even in the face of ransomware.

2. Implement Local and Cloud Backups

Storing backups both locally and in the cloud provides maximum protection. Even if one backup is compromised, the other remains intact.

3. Keep Your Systems Updated

Regular updates to your software and operating systems help patch vulnerabilities that attackers could exploit.

4. Train Employees on Cybersecurity Best Practices

Ransomware often relies on human error. Educate your team to recognize phishing emails, suspicious links, and unsafe downloads.

Why Rent Synology Hardware From vBoxx?

Investing in the right technology is critical for ransomware protection, and Synology hardware rented from vBoxx offers the ultimate solution for safeguarding your business data.

Benefits of Renting Synology With vBoxx

  • Secure Backups: Synology devices from vBoxx are fully equipped to handle automated backups, ensuring your data is always recoverable.
  • Data Privacy: All data is stored in ISO-certified data centers in the Netherlands and Germany, ensuring compliance and security.
  • Affordability: Renting Synology hardware starts at just €130/month, making enterprise-grade protection accessible to businesses of all sizes.
  • Easy Recovery: In the event of a ransomware attack, restore your data in minutes without paying a ransom.
  • Fully Managed: vBoxx handles setup, monitoring, and support, so you can focus on your business instead of worrying about your data.

Protect Your Business Today With vBoxx Synology Solutions

Ransomware isn’t a matter of “if,” but “when.” Don’t leave your organization vulnerable to devastating attacks. By choosing a Synology solution from vBoxx, you can take proactive steps to protect your data and ensure business continuity.

Get Your Custom Synology Backup Plan

Discover how affordable and effective ransomware protection can be. Use our backup calculator to configure the perfect solution for your organization today!

Protect Your Business Today With vBoxx Synology Solutions

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vBoxx Team

vBoxx is on a mission to make the corporate world a safer space with a focus on data and privacy. Sharing our knowledge is important to us and we try our absolute best to get to the bottom of topics about the online world and privacy.

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