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Dealing with ransomware as a business owner

| Mar 29, 2021 | Cybercrime

Many business owners in Rhode Island and across the nation may store a significant portion of their information through online sources. While similar methods may seem secure, there could be certain scenarios in which this information may be at risk. For instance, ransomware can come in various forms and fashions and business owners who fall victim to such attacks might not always fully understand how best to protect their interests. 

Those who wish to protect their companies against similar threats could benefit from seeking insight on the types of ransomware, the methods used to initiate such attacks and some possible ways to address the threat, which may include  

  • Examples of ransomware:   Crypto and locker ransomware are two common examples of such threats, both of which may seek to remove one’s access to information through either lockout or encryption methods. 
  • Methods of delivery:  Attackers could seek to send out malware through various sources, some of which could include phishing emails and remote access portals.  
  • Information recovery:  One could seek to address similar threats by using a backup to recover files or starting over and recreating the information entirely. 
  • To pay or not to pay:  While ransomware attacks may also come with a promise to restore access if the ransom is paid, there is no guarantee that the responsible party will hold up to its end of the bargain. 

While the idea of facing a ransomware attack can be stressful enough as is, choosing the best path with which to approach the situation could also prove challenging. 

Business owners who encounter ransomware threats could find it helpful to consider seeking advice on their options prior to responding to the situation. By consulting with an attorney, a person in Rhode Island could obtain advice on all his or her available options. An attorney can work with a client in developing a strategy to protect his or her business interests and provide advice on how to safeguard against similar threats in the future. 

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