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Analysts at cryptocurrency research firm Chainalysis say crooks perpetrating ransomware schemes are on pace for their second most lucrative year in cybercrime history.Sep 19, 2023
Business Continuity
| Analysts at cryptocurrency research firm Chainanalysis say crooks perpetrating ransomware schemes are on pace for their second most lucrative year in cybercrime history. But the immediate damage from ransoms isn’t the only financial threat posed by ransomware. Researchers from the cloud security firm BigID discovered that 67% of executives polled “lack full confidence their company could recover data and critical business processes in the event of a systemwide cyberattack.” When asked how long, on average, recovery would take:
Post ransomware incursion, every minute matters. The longer data is inaccessible, the greater the business risk. That’s what makes these findings troubling for small to medium-size businesses (SMBs) as they often lack the budget, experience and in-house technical skills for effective business continuity planning (BCP.) One way to mitigate ransomware’s risks to your business continuity is a data backup and recovery routine. These are the basic components of such a routine:
We have helped thousands of businesses develop BCPs that minimize losses and accelerate recovery. Give us a call for help with yours. |
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