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Combatting the Growing Threat of Ransomware

February 14, 2018

Via: itCurated

Given the current cybersecurity environment and the increasing sophistication of ransomware, getting to threats before they can have a business impact is more important than ever. If you find yourself questioning whether to pay a ransom, you’ve already lost the battle. But you don’t have to lose the war.

With more than $5.4 trillion in assets across various industries under protection, eSentire’s Managed Detection and Response is a proven way to make sure that you don’t end up losing your money – and your data. More than that, most threats will be stopped before they even reach you.

Easy Money?

Ransomware is now the attack method of choice for cybercriminals – and for good reason. First of all, it offers them a more direct route to payment; they don’t have to access your account to get to your money – they simply demand it. Not only that, but ransomware-as-a-service is now available on the dark web, making it accessible to less tech-savvy attackers, too. Secondly, the payout is significant: for example, the FBI reported that in the first quarter of 2016, ransomware attacks made as much as $209 million.

The saddest part? A large part of that ransom money was paid for nothing, since according to Forbes, less than half of the victims were able to completely restore their data. So even if you agree to pay the price, you might still lose your data. Doesn’t sound like a great deal, does it?

Not Just Growing – Snowballing

Everyone is saying that ransomware is on the rise – but how fast is it really growing? The pace is staggering: in 2016, SonicWall reported 638 million attacks, more than 167 times the number of attacks in 2015. The ransom amount is also increasing: according to Symantec, in 2016 attackers asked for an average of $679, compared to $294 in 2015.

Aside from its increasingly wide availability, ransomware has another advantage: the large number of ways it can infiltrate your network. You can get hit through infected media, phishing (through malicious links or attachments), web application vulnerabilities, new variant/unknown vector, and brute force firewall attacks. If that’s not enough to worry about already, you also have to keep an eye on your third parties. If their cybersecurity isn’t up-to-date, you’re also vulnerable. That’s a lot of ground to cover.

The Solution?

There’s no doubt that the best approach to solving an issue is preventing it in the first place. That’s why the ideal anti-ransomware solution is both proactive and reactive.
Fortunately, there’s one way to make sure that you’ll never have to pay the ransom: eSentire’s Managed Detection and Response. But why is it the best solution? After all, there’s so much cybersecurity software out there… Why pick this one?

Simple: because it’s not just software doing the work. eSentire’s 24×7 Security Operations Center (SOC) is constantly working in real-time towards identifying and responding to threats. This means that you’re not just relying on a program to keep your data secure; you’re looking at real and highly trained people. Furthermore, their industry-leading analyst-to-client ratio guarantees that your business won’t be neglected.

While traditional security solutions often miss sophisticated cyberattacks, with eSentire’s analysts you can be sure that nothing slips through the cracks. This constant vigilance means that you can rest assured that threats are being stopped and investigated even when you’re not looking. Want to know the best part? Thanks to eSentire’s analysts, you can say goodbye to the days of sifting through thousands of false positives. You’ll only get truly meaningful and actionable alerts.

eSentire’s 97% client retention rate pretty much speaks for itself: whether you’re looking to protect private company documents or your clients’ sensitive data, there’s no better bet out there.