The city council for Riviera Beach, FL has voted to pay a $600,000 ransomware to cybercriminals that targeted its computer systems. According to CBS News, the city council voted Monday to meet the demands of criminals in an effort to recover it’s compromised data.
This is just the latest in a series of ransomware attacks targeting municipal governments including Baltimore, MD, and Atlanta, GA. The success of these attacks on city government is demonstrating an alarming trend of governments being unprepared for modern cyber attacks, but this also applies to small business.
City Governments do not have the same technology resources as State and Federal governments, or even County governments. This means that they do not have the same spend available to them, leaving many cybersecurity best practices out of the budget. When you get right down to it, City Governments are the government equivalent of the SMB marketplace. Small and Medium businesses do not have robust in house resources to take massive action against cyber threats.
Smaller Entities Must Think Outside the Box
When resources are limited, and cyber attacks are on the rise, you cannot afford to put cyber security on the backburner. When we designed Stellar IT, we did so with just that in mind. We want to provide comprehensive, Enterprise-grade cybersecurity for your small or medium business. In many cases, outsourcing your technology management can drive incredible value. The combined buying power and pooled resources of a Managed Service Provider means that they can deliver a full-spectrum IT service at a fraction of the cost of doing it in house.
Key Components of Ransomware Protection
Ransomware is a money maker, predicted to reach $20 billion in damages by 2021. That’s an alarming number, and a sure sign that ransomware isn’t going to go away anytime soon. However, there are some key steps you can take to protect your business or agency:
- Multi-Layered Protection
- You cannot rely on a single security product or service as a means of protection. You need to take a multi-faceted approach to protect your endpoints and infrastructure. This should include Email Security, Network Security, Web Security, Endpoint Security, and Endpoint Threat Detection. More advanced techniques are quickly on the rise as well such as application whitelisting and ring-fencing.
- Effective Continuity Strategy
- At the end of the day, prevention is always a losing game. No matter how diligent we are, the bad guy only has to get it right once. When a disaster does strike, your organization must be ready to react in the event of a ransomware infection. Having an effective backup and continuity platform and plan is step 1.
- Advance Preparation
- Your backups and continuity plan should be regularly tested and drilled, ensuring that your team is ready to go into recovery mode when the time comes.
Ready to take your organization’s cybersecurity to the next level?
Stellar IT from Kirbside Consulting provides full-spectrum technology management, including advanced cybersecurity to help prevent ransomware and powerful continuity to ensure you’re ready if disaster strikes.