Could your company recover from a ransomware attack?
Ransomware attacks in North America rose by 158% between 2019 and 2020, according to cybersecurity firm SonicWall’s 2021 report. For many people, ransomware attacks really hit home when the May 2021 Colonial Pipeline ransomware attack brought fuel shortages to the East Coast — and when the June 2021 JBS meat company attack shut down nine beef plants, causing a nationwide meat shortage. Combined, these two companies paid $16 million in ransom to recover their businesses, and those were just the direct costs paid to the hackers, according to reports from CNBC and WSJ. In addition, each company spent millions more in the recovery and restoration of their business systems.
When it comes to data backup, there is one undeniable truth, your data is growing and your processes and technology need to be built to evolve and support that data growth. Every day your data volumes grow, your technology ages and your requirements change. You may not notice these changes day to day or month to month but year to year, if you look, you will see how things have changed.
If your business is ready to take data security more seriously this year, implementing cloud backup is a great place to start. There are several important benefits of cloud services. When you back up your information in the cloud, you’re ensuring that your company’s documents, contracts, spreadsheets and more are protected if the original copy gets misplaced at the office. You’re also protecting yourself if documents are destroyed in the event of a natural disaster such as flooding or a fire.
