Is your Data Protection Plan able to cope with the newest threats?

Data protection strategies must be able to secure businesses against growing trends like ransomware.

Data is the lifeblood of any business today. In many cases, this will be the most important asset you possess. Without it, you’ll be unable to accomplish essential day-to-day tasks, so the consequences of any data loss incident can be severe, whether this is a deliberate breach or an accidental loss or exposure.

Therefore, a strong Data Protection Plan is a vital part of any firm’s operations. And this must go far beyond simply protecting your network against hacker intrusions.

When people think of data protection, their top priority may be defending their mission-critical data from loss or theft. This can be highly costly for business from both a financial and reputational point of view. Whether it’s a laptop containing sensitive personal details being left on a train or a hacker gaining access to a critical database.

However, this is just a small part of an effective data protection strategy, as it’s not just the theft of data that you need to guard yourself from. In fact, one of the most popular types of attacks aimed at these resources never even attempts to extract useful information. Instead, it simply looks to prevent you from accessing key files unless you pay up.

Guarding against ransomware

This is known as ransomware, and it works by encrypting key files on your network. This could be critical documents such as customer information, or system files like Master Boot Records that can prevent devices from even starting up. But whatever they target, the end result will be that your employees will be completely unable to do their job unless you pay the hackers in exchange for the decryption key.

Ransomware is one of the fastest-growing trends in the sector. According to Bitdefender, there has been a seven-fold increase in the number of ransomware attacks in the first half of 2020 compared with the previous year – and it’s not just large enterprises that are at risk.

Often, these attacks are specifically targeted at small firms and public sector organisations that may not have the resources to adequately defend against such threats – and who may feel they have no choice but to pay up, whereas larger companies may be more likely to have contingencies in place.

The NHS has been one of the highest-profile victims of ransomware with the 2017 WannaCry attack, but the National Cyber Security Centre recently issued an alert warning that the education sector – including schools, universities and other institutions – is being increasingly targeted by these attacks.

Why strong backups matter

The rise of ransomware is a great example of why it’s essential to focus on prevention rather than cure when it comes to data protection, but it also highlights the importance of having strong backups in place should the first lines of defence fail.

Even the best perimeter defence systems can’t provide a 100 per cent guarantee that threats will be blocked, and it may only take one employee carelessly opening a malware-filled email for ransomware to find its way onto a system.

If this does happen, there’s often very little businesses can do to recover their files without the key. In some cases, ransomware makers have had their decryption tools published, but if you’re infected by a variant that hasn’t, you may well be out of luck.

Actually, paying the ransom is often not an option either. Even if you consider the cost an affordable expense, there’s no guarantee the hackers will keep to their end of the bargain, and even if they do, it will simply raise a flag that you’re a lucrative target for the future.

Therefore, should you fall victim to any threat that compromises access to your data – whether its ransomware, hardware failure or anything else, an effective backup and recovery system is a must.

As well as being completely separated from the main network, to ensure it isn’t compromised by the same issues, these solutions need to be regularly updated to ensure any data lost between the last backup and an incident occurring is minimal, and be able to respond quickly. The longer it takes you to get a backup running, the more costly this will be.

Therefore, it pays to have an IT Security solution that can be easily managed from a central location and takes advantage of the latest tools and technology, such as the cloud.

Click here to read more about Altinet – Arrow’s dedicated Cyber Security firm.

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