Ransomware is on the rise, Are you ready for it?

Ransomware is on the rise, Are you ready for it?

Ransomware has been in the news quite a bit recently. You may have heard stories about Ransomware attacks on large companies, organizations, or perhaps government agencies. It has grown at an alarming rate, becoming a threat affecting thousands of businesses & organizations worldwide. Ransomware attacks can be scary, especially for small businesses that cannot afford to pay a ransom for their data. Is your business ready to face ransomware?

Firstly, to counter Ransomware is to have off site backup. Off site backup is the replication of the data to a server which is separated geographically from a production systems site. Except for Ransomware, the critical data of your business could also be threatened by other reason such as power failure, natural disaster, or even human error.

However, having an offsite backup can ensure that you store your critical data in one extra place that no one can destroy, like physical storage devices. That is why it is important to be ready for it by backing up one copy of your critical data off site, as a counter measure against Ransomware.

Luckilu, with Aegis Cloud Disaster Recovery (CDR), your critical data is backup and replicated to dual disaster recovery sites located within Malaysia.

How many businesses are affected by Ransomware?

According to the study by Security Firm Sophos shown, it is safe to say that any business that uses a computer system is at risk because 51% of all surveyed businesses were hit by Ransomware in 2020.

Furthermore, as shown by the annual report on global cyber security, there were a total of 304 million Ransomware attacks worldwide in 2020. This was a 62% increase from a year prior.

Read More: 5 Steps to Recover Your Server After a Ransomware Attack

How much does it cost to recover from a Ransomware attack?

Most companies have a wrong perspective about paying the ransom to regain access or control to their data.

According to one study by Security Firm Sophos, paying ransom will only double the cost of fixing the issue caused by Ransomware. For example, the average cost to pay the ransom was $1,450,000, with no guarantees of getting back your data safely.

On the other hand, if the company chose not to pay ransom, the average cost to recover from the attack would be $730,000.

The best way to evade paying ransoms is to make sure you have an uninfected copy of your sensitive data kept out from your office network so when the hackers encrypt your systems, there is no need to worry about it.

You can just wipe those files infected and upload clean duplicates. With Aegis Cloud Disaster Recovery (CDR), victims can easily restore the data at the shortest time possible with no additional cost.

Read MoreRansomware Trends and Prevention Strategies: Learning From the Past

Why & How School & University will easily become the target of Ransomware attack?

For the past few years, financial corporations or banking institutions and healthcare industries were the target for hackers to make ransom money, but now their focus has change to schools.

Today, technology in schools has empowered modern learning paths and brought a new level of innovation to the classroom.

Several factors make schools and educators easy targets for Ransomware as they are not ready to handle the threat.

One of the most obvious reasons is due to the Covid-19 pandemic, whereby most of the schools and universities rolled out virtual learning. Nevertheless, most of the schools and universities do not provide extra cyber security training for their students, workers, or lecturers, which cause the lack of cyber security awareness.

The most common way for Ransomware to infect a school is when a worker or lecturer, not adequately taught or ready to distinguish between what is safe and what is not, clicks an unknown email or downloads an unofficial app.

1. Aegis Cloud Disaster Recovery (CDR)

Powered by Aegis 1PAT, Aegis CDR is a cloud backup and disaster recovery service that caters for on-premises or cloud and equipped with complimentary unlimited disaster resources.

This service puts your mind at ease with warm Disaster Recovery Standby Virtual Servers at remote sites. It also provides dual disaster recovery sites to ensure infrastructure redundancy, which are hosted in Cyberjaya and Kuala Lumpur. 

There are 3 key differentiators for Aegis Cloud Disaster Recovery: Aegis 1PAT, Aegis DRaaS, and Aegis Managed Service.

2. Aegis 1Price-Any-Techonologies (1PAT)

  • Provides the best mix of technologies that caters to different RTO and RPO requirements, which saves you from the need to purchase multiple different backup software. 
  • Eliminates the need to commit to a backup software.
  • Offers the latest technology where there would be no limited options for backup software. 

3. Aegis DR As-A-Service (DRaaS)

  • Equips with complimentary unlimited DR resources, which allows you to save cost on DR Software and Hardware. 
  • Assisted DR drills with dedicated Aegis DR professionals. 
  • Complimentary DR seats with the convenience of performing DR drills in an office space equipped with office facilities in Empire Tower, Subang. 

4. Aegis Managed Service 

  • Provides a fully managed Backup and Disaster Recovery service allowing IT personnel to be more productive and efficient. 
  • More than 10 years of experience in Cloud Disaster Recovery, which can guarantee successful high data restore rates, which would ease your burden. 

Find out more about Aegis CDR and our comprehensive cloud backup services.

Written by: Boey

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