How CIOs can deal with Ransomware attacks

How CIOs can deal with Ransomware attacks

Ransomware attacks have become occupational hazards for the CIO, but that doesn’t mean they have to be a disaster.

Ransomware attacks occur as a result of a lapse in fundamental security procedures on the part of the victimised company. It’s possible to alleviate the outcome planning for this almost inevitable eventuality.

As Christian Espinosa, a leading entrepreneur in the field, tells EnterpriseZone, CIOs are put to the test during a ransomware assault but firms that take basic precautions have a better chance of surviving.

“In the thick of a ransomware assault, it’s not a good idea to attempt to come up with a plan for dealing with it.”

Top causes of ransomware attacks

  1. Phishing emails

Phishing emails, bad user behaviour and lack of tactical cyber threat training trigger ransomware attacks. User security education is required. An email with a malicious file attachment or link is sent to the victim. 

After opening a Word document, for example, the attacker asks a user to “Enable Macros”. The attacker can then download and run malicious programmes. Advanced ransomware strains spread to other networked devices after encrypting data and infecting systems. Opening an email attachment can infect an entire company.

  1. Lack of cyber security training

Companies lack cybersecurity training, according to ISSA and Enterprise Strategy Group.

There is no one-size-fits-all solution. Uneven workloads and vacancies are common outcomes. Businesses at risk due to inadequate use of cybersecurity technologies.

Not much progress has been made in finding a cure, so it’s a case of identifying the cybersecurity skills gap. This study advises against silos in ongoing cybersecurity education.

  1. Open RDP access

Attackers increasingly employ Remote Desktop Protocol (RDP) to infect victims’ computers. While permitting legal use of a device is desirable, it also permits a bad actor to abuse it.

Hackers may utilise Shodan.io to find vulnerable PCs aided by free password cracking tools.

How to protect your company from ransomware

While all senior executives should be involved, the CIOs and CISOs should be driving the issue. Three principles must be followed to properly combat ransomware:

  1. Have a Business Continuity Plan (BCP) and test it often.

Most external security evaluators still see BCPs that are decades old and covered in three inches of dust. If you don’t regularly update and test your BCP, you can discover that it’s completely out of date when you need it.

  1. Back-up consistently.

An organisation’s systems and hardware going haywire is one thing. Those may be retrieved. Data and control are two very different things. A firm without its data can be a corporation on its way out of business. Regular data backups are more than simply a nice idea; they are a must for every organisation.

  1. Keep up the training.

Educating employees is one of the quickest and most effective ways to combat ransomware as the majority of successful cyberattacks target an organisation’s end users via phishing campaigns. 

It’s risky to assume your users won’t click on a malicious link or open a malicious file. Without regular ransomware awareness training, your company puts itself at risk of cyber-attacks.

About Sam P

EnterpriseZone Staff Writer

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