Beginning last Friday, an unprecedented global cyberattack went viral, infecting at least 230,000 networks in 150 countries with “Wanna Decryptor” malware, and demanding ransom payments from its victims. At this point, no one has claimed responsibility for the attack.

Who has been affected?

Hospitals, schools, companies, government agencies and other organizations from around the world, stirring chaos, shutting down hospital systems, manufacturing plants, transport networks and universities. The “WanaCrypt0r 2.0” ransom has been detected in 150 countries with Russia, Ukraine and Taiwan as primary targets.

What happens after a computer gets infected?

The malicious software locks a computer system and all its data, preventing users from gaining access unless money is forwarded to hackers. It’s believed to be the biggest online extortion attack ever recorded. Some experts claim that it was inspired by a National Security Agency tool kit that had been leaked last year.

How does it spread?

The malware typically spreads through email phishing programs. It works by exploiting a known bug in Microsoft Windows’ operating system. So, if you haven’t updated your Windows PC recently, make sure you do so as soon as possible.

What makes this more dangerous than other types of malware?

Although it isn’t considered a “sophisticated” attack, the malware acts like a worm by discovering security holes in computers and wriggling its way throughout entire networks.

What has been done to stop it?

Microsoft has put out an emergency patch for windows, which is even available for computers running older operating systems including Windows XP, Windows 8 and Windows Server 2003.

This is not the first time ransomware had been used. Last year, Hollywood Presbyterian Medical Center paid over $17,000 after taking a hit from a ransomware attack. Although Friday’s demand is apparently $300 of digital currency Bitcoin, which is rather low, experts warn that the threat should not be taken lightly.

How does this relate to your business?

Ransomware generally targets those networks without strong security systems in place, including small and mid-sized companies.

The problem:

Most smaller organizations don’t initially recognize the benefits of hiring the required IT security experts, systems and technology to defend against security attacks. This leaves many businesses largely unprotected and unsecured.

 It’s not a question of “if” you get hacked.

But “when” and “how bad.”

Here’s some eye-opening information about ransomware:

  • In 2016, it cost US small businesses close to $75 billion in downtime
  • 97% of IT service providers claim that these attacks will greatly increase
  • 9 out of 10 IT service providers report recent attacks on small businesses
  • In the first half 2016, 60% of IT service providers reported 1 to 5 ransomware attacks on small- and mid-sized business
  • 40% reported 6 or more attacks
  • 31% reported several ransomware attacks against small- and mid-sized businesses in a single day.
  • The most common strain is Crypto blocker, which is reported by 95% of IT service providers

Malware Debilitates Small- and Mid-Sized Businesses

  • 63% of businesses that report a ransom attack experience business-threatening downtime
  • 48% report critical data loss due to an attack
  • Only 6% of businesses that encounter a major data loss successfully bounce back

IT Solutions for Your Business

When you turn to 1SEO Technologies, we’ll protect your data with top-of-the-line solutions that eliminate the biggest risks in your infrastructure. We recognize how essential data backup and security is to the success of your business. That’s why we’ll design backup solutions that are custom-tailored to your specific needs.

While designing your backup plan, we’ll carefully review the following:

  • Threshold for downtime
  • Current data requiring backup vs. future backup requirements
  • Cloud vs. local backup impacts
  • Where your data is stored to allow for proper backups.

We’ll regularly test the backups to ensure they’re working properly. By storing and saving your data elsewhere, in addition to its original location, you’ll be prepared to defend against possible attacks. Gain the peace of mind you need about the safety and protection of your data.

Our staff will ensure your business is prepared for the worst—and performing the best—at all times. So, when cyber attacks like this occur, you know that your business is in good hands!