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Should You Pay the Ransom When Hit by a Ransomware Attack?

If you have paid attention to the news recently, there is a good chance that you have heard a lot about ransomware attacks. These attacks are becoming more common, particularly with how much businesses rely on the Internet to run their daily operations. Therefore, you need to understand how to respond to a ransomware attack. Even though you should invest in the best ransomware removal services available, you also need to think about how to respond to the criminals. Should you pay the ransom? There are several important points to keep in mind.

How Does a Ransomware Attack Work?

First, you should learn more about how a ransomware attack works. If a ransomware attack hits your business, a virus has encrypted all of your files. Usually, cyber criminals will use a phishing attack to gain access to your network. Then, once they have access to your servers, they will upload a virus that will automatically encrypt all of your information, making it impossible to use.

Then, the criminals will ask you to pay a ransom to free your files. Even though you may try your best to break the encryption code, it is nearly impossible to crack. Therefore, you will simply be wasting time if you try to crack this on your own. As a result, you may think it is a good idea to pay the ransom. You should consider the benefits and drawbacks of this option before you make a decision.

The Benefits of Paying the Ransom

So, why should you consider paying the ransom? You may feel like this is the fastest way to free your information. As your business sits idly, you are and probably losing a significant amount of revenue. When you compare your lost revenue to the amount of money you have to pay a ransom, you may feel like it is a financially advantageous decision for you to go ahead and pay the criminals. Unfortunately, there are several drawbacks to choosing this path.

The Drawbacks of Paying the Ransom

There are several significant disadvantages to paying the ransom. First, if you decide to pay the ransom, you will only incentivize them to hit your business again. When the hackers decide to make more money, they may simply upload more ransomware for your business. Therefore, you will be stuck in a never-ending cycle of having to pay a ransom to cyber criminals routinely. This is going to drain your business of valuable financial resources.

In addition, there is no guarantee that criminals are actually going to release your files after you pay the ransom. You don’t even know who they are. Therefore, how are you sure they are going to release your files once you pay the ransom? They may simply ask for more money after you send them a check.

Finally, if you simply pay the ransom to free your files, you never have any chance of figuring out who these people are. Instead, it is better to work with professionals who can figure out where the attack came from. That way, they can find a hole in your defenses and patch it accordingly.

The Best Defense Is Prevention

Ultimately, the best way to deal with a ransomware attack is to prevent it from happening in the first place. Criminals who unleash ransomware attacks are smart. How can you prevent these attacks from taking place on your watch?

The first thing you need to do is educate your employees. Make sure they understand what a phishing attack looks like. This is usually the first step in orchestrating a ransomware attack. If they do not have access to your servers, they cannot upload a virus.

Then, conduct an audit of your defenses regularly. You may want to page people to test your defenses to figure out where the holes are. That way, you can patch them before a ransomware attack takes place.

Work with Professionals To Protect Against Ransomware Attacks

Unfortunately, ransomware attacks are only going to become more common in the future. As a result, you need to think carefully about how you can protect your business against these types of attacks. You need to invest in the best cybersecurity and firewall services the industry offers, which is why it is important to work with trained professionals. Because you have a lot to do daily, you may not have time to think about your cybersecurity 24 hours per day, seven days per week. Instead, you should rely on experts who have the experience necessary to protect your business from harm.