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The Effects of Ransomware in Business

It’s not only home users that become targets of ransomware attacks, businesses often become infected which leads to major ramifications. Even after the victim pays the ransom, the malware infection can remain encrypted in their software, making them vulnerable to reinfection. That’s why so many businesses are turning to IBM Security Software to safeguard their networks, systems, critical data, employees and their customers.

Date: 16 July, 2018

It’s not only home users that become targets of ransomware attacks, businesses often become infected which leads to major ramifications. Even after the victim pays the ransom, the malware infection can remain encrypted in their software, making them vulnerable to reinfection. That’s why so many businesses are turning to IBM Security Software to safeguard their networks, systems, critical data, employees and their customers.

Ransomware Consequences

Once the malware makes its way into your system, it is designed to damage your software and data files, potentially shutting down your whole system and ultimately your business. Organisations that experience a ransom attack face replacing compromised devices and data, not to mention the potential of high legal fines for those that don’t have a security strategy in place.

The real damage of a ransomware attack is felt in downtime because it can have a detrimental impact on your business. Employees and customers are unable to gain access to systems, which leads to huge losses in revenue.

However, ransomware attack implications go beyond the cost of the ransom itself. Reputational damage can be irrevocable due to bad publicity and decreased customer satisfaction. The attacker could potentially release sensitive data about your customers, employees and financial information.

Preventing Ransomware?

Prevention is far greater than the cure. Minimising the impact of a ransomware attack is paramount to your business. Implementing IBM Security Software Solution tailors your defences to your business requirements to stop the wrong people accessing your systems and networks.

IBM Security Software fights the bad guys, so you don’t need to. Download our whitepaper to discover more about Security Analytics Platforms: https://enterprise-software.co.uk/resources/the-forrester-wave-security-analytics-platforms-q1-2017/