What would happen if suddenly and without warning, your customer’s organization couldn’t access their data because it had been encrypted by a criminal organization? Would they go out of business if the data was never fully retrievable? Even if they could restore their systems and data, what would it mean to their annual profitability? How would they reassure their customers and regulators their data is safe if they can’t access it themselves?
The sad truth is, ransomware has become one of the top 5 cyber threats for small to medium enterprises, according to Verizon.
Organizations of this size tend to have lots of valuable data, especially if they are in retail or healthcare, but often lack the IT budgets and resources of a large enterprise. This makes them the perfect target for criminal organizations. With every day that passes, these cybercriminals are becoming more active and sophisticated. Experts have estimated a ransomware attack occurs every 40 seconds worldwide.
Therefore, if an organization isn’t already taking steps to protect themselves against ransomware, it is only a matter of time before they will be forced to react to a breach. In fact, studies have shown that 60% of small businesses that experience a cyberattack fold within 6 months.
Fortunately, Tech Data can help partners (like yourself) take pre-emptive measures to protect your customers against ransomware attacks.