What Is Ransomware?

May 10, 2019

What Is Ransomware?

BY Chris Brunau

Cybersecurity Ransomware

Ransomware is a term often tossed around these days, and sometimes incorrectly. Considering it has already accounted for 200 million in damages in 2016, it would be wise to understand exactly what it is, and exactly what it is not.

Aside from the monetary damages of paying the ransom, it can halt an entire system and cause some serious downtime. While a business continuity and disaster recovery (BCDR) plan may not necessarily prevent ransomware attacks from occurring, it can prevent them from succeeding.

To help define ransomware, we brought a few Datto partners in to get their definition.

“Ransomware is a threat to your business and your ability to function. Not having a proper backup/disaster recovery solution in place could be crippling,” Cody Arnold, Backup Engineer, Bizco Technologies.

“Imagine losing all of your data unless you pay a ransom of hundreds or thousands of dollars in a currency you don’t understand. You may pay the ransom and still not get your data back. This is the new kind of kidnapping. Don’t pay the ransom and your data is lost forever. You need an insurance policy to prevent it,” Michael Patrick, Solutions Architect, Mirazon Group.

“Ransomware is currently the most popular, and nefarious, trend in malicious software. It is deployed with the intention of blocking access to your file system, and impeding your ability to do business, by encrypting data until a specified sum of money is paid to those holding it hostage,” Frank Slattery, General Manager, TeamLogic IT.

To hear more from our partners and learn more about ransomware, head over to our resources section or check out the full slideshare below!

 

Datto's Global State of the Channel Ransomware Report

Datto surveyed more than 2,400 MSPs around the world about ransomware and published the key takeaways in this report. Download the report today to unlock new trends and statistics on the biggest threat facing the Channel, and what your peers are doing to prepare.

Read More

Subscribe to the Blog