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Tech Thursday: Battling Ransomware Together

January 18, 2024
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Hey there, tech enthusiasts! * Welcome back to another edition of Tech Thursday, your weekly dose of all things tech-tastic! Let’s kick things off with a smile:

Tech Joke of the week! Why do programmers prefer dark mode on their computers?

Because light attracts bugs!

Understand Ransomware: Unlocking the Threat

Ever wondered what it would be like if your computer held your files hostage? That’s ransomware for you-a malicious software that encrypts your data, demanding a ransom for their release. In this digital age, it’s essential to be aware and prepared.

Here are some facts about ransomware attacks

  • The average ransom in 2023 is $1.54 million, almost double the 2022 figure of $812,380. (Sophos, 2023)
  • 97 percent of organizations whose data had been encrypted got it back. (Sophos, 2023)
  • Ransomware attacks have risen by 13 percent in the last five years, with an average cost of $1.85 million per incident.
    (Astra, 2023)
  • The average downtime a company experiences after a ransomware attack is 22 days. (Statista, 2021)
  • In 2021, the largest ransomware payout was made by an insurance company for $40 million, setting a world record (Business Insider, 2021). The highest ransomware payment demand ever is $70 million. (NetApp, 2022)
  • In 2022, organizations around the world detected nearly half a billion ransomware attacks. (Statista, 2023)

Real Life Scenario:

Consider this – you receive an email seemingly innocent, click on a link, and BAM! Your files are
encrypted, and you’re asked to pay up to regain access. This threat is real and can have a significant impact on individuals and businesses alike, making it crucial for us to be well-prepared.

Protecting Your Digital Kingdom: Tips to Thwart Ransomware

Keep Software Updated:

At ABI, we’ve got your back! Our team ensures that all your software is up-to-date, including operating systems and applications. Regular updates often include crucial security patches that act as a strong defense against the latest threats.

Beware of Phishing Attempts:

Be skeptical of unexpected emails, especially those with links or attachments. Verify the sender’s legitimacy before clicking on anything.

Back Up Your Data:

Your data’s safety is our priority. ABI consistently backs up your important files, so in the event of an attack, you can quickly restore your data without succumbing to ransom demands.

Use Reliable Security Software:

ABl Invests in reputable antivirus and anti-malware software. These tools act as a digital shield, detecting and blocking potential threats.

IF THE WORST HAPPENS: A QUICK RESPONSE GUIDE

Isolate Infected Devices:

Disconnect the compromised device from the network immediately to prevent the ransomware from spreading.

Contact IT Support:

Reach out to our dedicated support team at help@abinnovations for swift assistance. They’re here to guide you through the necessary steps.

Avoid Payment:

It may be tempting, but paying the ransom doesn’t guarantee data recovery. Consult with experts before making any decisions.

Remember, staying vigilant and adopting preventive measures is key to staying one step ahead of ransomware. We’re in this together, and your digital security is our top priority.

Stay secure, stay savvy!

– Your ABI TEAM