MicroLogix Network Services, LLC Blog

There is a seemingly infinite number of cybersecurity threats out there, but there are few threats more dangerous than ransomware. If a business hasn’t taken precautions against it, ransomware can (and will) find ways to extort money, hold data hostage, and threaten that organization’s continuity. Today, we want to cover what ransomware does, what you need to do to prevent it, and what to do if you’re attacked.

Ransomware is bad, and you can’t take any chances with it if you want to keep your business safe. Understand that it might seem like we’re exaggerating, but we’re not; ransomware really is as bad as it comes, and when you’re faced with double or even triple extortion, you’ll be put in a tough spot that no business owner wants to find themselves in. Today, we want to cover what these terms are and why they’re so bad.

Even with ransomware making headlines last year, 2024 saw one of the most interesting trends yet: decreased payments. Last year alone, ransomware payments decreased by hundreds of millions of dollars, even with large-scale attacks and a massive $75 million payment by one victim. Progress? Well, maybe.

One of the biggest myths about cybersecurity and cybercrime is that smaller businesses are somehow immune to the more dangerous types of threats because they don’t pose a viable target for cybercriminals.

Nothing is further from the truth.

If you’re not familiar with ransomware, we wish we lived in the same universe you’ve been living in the past decade. It’s a serious problem for all types and sizes of businesses, not to mention its impact on individuals, governments, and world organizations. Today, we want to go over some of the latest ransomware tactics in use as of 2024.

As cyberthreats become more advanced, businesses must take proactive steps to address them. Cyberattacks can have devastating effects, making it crucial to enhance employees’ awareness of online threats. This month, we examine the top three IT security challenges businesses face and how to combat them effectively.