Shield your Business: How to Avoid a $$$$ Ransomware Disaster!
Did you know that there has been an increase in ransomware attacks by 25% in the year 2022, and 130% until mid-2023? This is scary, right?
Have you ever wondered about the average cost of a ransomware attack?
Let’s start with understanding what Ransomware is. To put it in the simplest terms possible, Ransomware is malicious software that uses encryption to prevent you from accessing your data; the attackers then demand payment in exchange for decrypting the files.
Shockingly, the average ransomware cost is estimated between 100k to 1.4 million USD in GCC as per the latest reports.
I doubt your business has allocated this significant budget for Data security incidents. Apart from the Financial loss & the data loss stress, Ransomware impacts your business reputation and reliability.
‘But wait! We are a small enterprise; surely we are not a target for such cyber threats!’ you might think….
Do you know that 55% of cyber-attacks are focused on SMEs? Unfortunately, SMEs are easy targets with the most minor cyber security measures and very valuable data. Moreover, they serve as a vulnerable entry point to more enterprises due to the eco-system.
Nowadays, no organisation is entirely immune to cyber attacks, that’s why complying with cyber security standards and regulations like HIPAA, SOC 2 or PCI DSS is paramount.
‘So how can I protect my business from Ransomware Attacks?’
Securing yourself from ransomware is a process, and our aim is to assist you in starting this process in the right manner. CYB3R, as an Advisory & Managed Security Service Provider understands cyber security and data protection is a triangle of People, Processes, and Technology, and our aim is to provide what we build in these areas to you as a service.
We provide bespoke advisory and managed services to assist you no matter what your size and capabilities are. Whether you run a small company or a mid-size enterprise, cyber security and data protection shouldn’t break the bank, in fact, it should secure your revenue!
In Conclusion, your digital security is our priority at CYB3R. We trust this article has been insightful. As your dedicated partner, we are committed to safeguarding your future. Feel free to reach out for any questions or assistance. Together, let’s navigate the digital landscape securely and confidently.