What is a Managed Ransomware Service

According to the CyberEdge group, a staggering 69% of companies were compromised by ransomware last year, leaving everything from data security to compliance largely exposed to real risk. By simultaneously protecting corporate systems against threats, managed ransomware services are the best protection a business can have against these sophisticated attacks. This is especially important at a time when ransomware finds multiple ways to access an organization's internal work, including through supply chains and MSPs that are not available for direct internal security processes. Here, we demonstrate the true value of taking steps to keep the ransomware in the end by deducting the actual cost of properly managing the ransomware and leaving this risk unchecked.

What is ransomware and how does it work?

Ransomware is a type of malicious software that allows cybercriminals to access and redeem your data, eventually blocking your access to information until the required ransom is paid or missing payment leads to the deletion or publication of that data . Like any malicious software, ransomware can access your networks in various ways, including via email downloads, fake ads, and social media chat messages. Once on the network, the ransomware program spreads across the network and infects sharing devices, servers and any other accessible systems.

What is an example of a ransomware attack?

There have been a number of known managed ransomware attacks on a number of well-known and large organizations, including the infamous one month-long attack on the University of California at San Francisco when hackers demanded $ 3 million for academic work redeemed by the School of the Schools. Medicinal. During the negotiations, the network administrators were working to isolate the infection to prevent the ransomware core from reaching the UCSF network. Unfortunately, the cybercriminals were able to gain access in the first place, meaning the university eventually paid $ 1.14 million in bitcoins for the stolen documents.