We hear about ransomware on the news and online but many of us arent aware of the threats and penalties that come with a ransomware attack.Ransomware is a type of malicious software that is designed to block access to your computer systems until a ransom is paid.However, the financial implications go beyond the ransom payment.

Ransomware attacks happen more often than they are shown on the news and they often hit small to mid-sized businesses.It is so important for business owners and employees to understand the potential effects of a ransomware attack.

Aside from paying a significant ransom amount, majority of victims report the biggest hit to their business from downtime.The loss of productivity while trying to regain access to your network can be business threatening.Therefore, it is imperative to have proper back up and disaster recovery to eliminate unwanted downtime.

Read our infographic about more of the financial implications and frequency of ransomware attacks.

If you have any questions regarding your company’s risk of attack or want more information about the effects of cyber attacks, give us a call at 212.997.0600.