Besides the “It won’t happen to me” misconception when it comes to ransomware, there are actually a number of false concepts that we often hear from time to time. Today’s blog aims to help protect both your network and data by debunking 5 ransomware myths, namely:

Myth #1: "I have nothing worth stealing"

Although this could be a true statement for many individuals and small businesses, it’s important to know that the objective of most ransomware attacks is not to steal your data, but to collect a ransom (fee) in return for decrypting your data and returning your computer or network back to normal operation. Therefore, it does not matter if your data has no value to anyone on an open market. If it has value to you, it can be a target.

Something as simple as your family events album, or a personal project you’ve been working on for years can be a valuable target if its loss means more to you than the cost of paying the ransom demand. A very important protection from this type of attack is to back up your important files on a regular basis. Also, be sure to back up to a drive that is not connected to your computer or network otherwise it is still at risk.

Myth #2: Only Large Companies Are Targeted By Cyber Criminals

This is completely false because large companies aren’t the only victims of ransomware. the cyberspace is filled with crooks who can target any individual or company irrespective of the size and business vertical there are operating. Moreover, cyber criminals view SMBs as most lucrative targets as they are resource-limited and may not have a ransomware protection system in place. What’s disappointing is that over 60% of SMBs operating in the world are treating this myth as a fact and so are overseeing the deployment of ransomware protection schemes in their cloud or data center environments.

Myth #3: Ransomware Only Affects Desktop Computers

Although ransomware typically involves desktop computers, that doesn’t mean mobile devices are safe from this all-too-common cyber threat. Mobile ransomware attacks increased by 33% in 2018 alone, and this kind of attacks works the same as desktop ransomware, with both types locking files and demanding payment. However, mobile ransomware is designed to bypass the default cybersecurity features of mobile operating systems, making them highly effective at targeting smartphones, tablets and other mobile devices.

Myth #4: A Firewall Keeps Your Data 100% Safe From Ransomware Attacks

The fact is that ransomware can hit a database from a variety of avenues and not all of these are covered by a firewall. Remember, cybercriminals are more sophisticated than you think and know the basic fact that firewalls will prevent threats in cyberspace to a certain level. What if they launch a phishing attack which goes undetected by the firewall…?

Thus, the threat landscape is evolving so quickly that sophisticated attacks such as zero-day attacks will surely come in your way. Hence, it is too easy for malicious actors to trespass on your network, especially when you are only deploying the basics related to cyber security.

Myth #5: Paying The Ransom Will Unlock Your Files

Upon seeing a pop-up message demanding payment, you may feel compelled to pay the ransom to regain access to your locked files. After all, it’s easier to make a one-time payment than it is to try to remove the ransomware infection. The problem, however, is that paying the ransom doesn’t necessarily work. The hacker behind the attack may simply leave the ransomware in place, or he or she may demand a second or third payment.

After all, you should remember to not believe the myths and instead go with a proactive approach of “prevention is always better than cure”. If you need any help following this approach, reach out to Ctelecoms team. We have the expertise to help you effectively protect all your valuable assets, including data, systems, employees and business.