I might as well start the New Year with an admission and an apology. Let’s clear the slate.
I believed that your best defense against ransomware was to have good backups and be prepared to restore systems quickly from those backups. A lot of our customers had become lax in their backup strategy, and this left them exposed to Ransomware attacks. They just weren’t able to quickly restore from backups, or those backups did not exist, or they were not current enough.
I failed to understand the evolving nature of Ransomware threats. It simply did not occur to me that a cybercriminal would BOTH lock your data AND steal the data and threaten to release it if the ransom payment was not made. That is exactly what is happening now.
It is now clear to me that encrypting your sensitive data is an important part of your defense against Ransomware attacks. If the attacker cannot access the data, they can’t threaten its release to put pressure on you. So it is time to revisit your security strategy around Ransomware:
There is much more that you need to do to protect against Ransomware, but these items are crucial to your strategy.
Encryption has many other benefits including helping you meet compliance regulations (California CPA, etc.), helping you minimize reputational damage, helping you protect digital assets and business secrets, and much more. It is time to review your encryption strategy and plug any holes.
If you are a small organization you don’t have to feel left out in the cold. Here at Townsend Security we help small organizations get encryption and key management right. You are NOT priced out of the market. If you are a small organization ask us about our SMB plan.
Patrick