That’s why Egnyte recommends all AEC firms should implement these preventive and automated detection capabilities: The faster a ransomware attack can be identified, the easier it is to limit the damage to your organization’s files. So the fight against ransomware begins with having a company-wide process to ensure that all machines are patched with the latest security updates from Microsoft and other applications as soon as they are released. He says even one computer running an older, unsupported version of Windows, for instance, can be “a chink in the defensive armor that invites intrusion."
BEST RANSOMWARE PROTECTION TOOLS UPDATE
Those that don't immediately update to the latest software to “patch” security issues are particularly vulnerable, according to Yuriy Tatarintsev, manager of technical operations at BTI Communications Group, an IT cybersecurity provider. Ransomware defense is most difficult at businesses with older PCs, networks, firewalls, or operating systems. In fact, research by cloud-data-management provider Egnyte reveals that AEC firms are more than twice as likely to suffer ransomware attacks than all other industries.Įgnyte organizes security best practices into identification, containment, eradication and education to harden your network and maintain secure backup that can replace files rather than pay ransom. Ransomware threats to the construction industry continue to rise as economic and technological factors make architecture, engineering and construction (AEC) firms prime targets for bad actors. Ransomware actors often target and threaten to sell or leak exfiltrated data or authentication information if the ransom is not paid.” Malicious actors then demand ransom in exchange for decryption. Cybersecurity & Infrastructure Security Agency (CISA) says “Ransomware is an ever-evolving form of malware designed to encrypt files on a device, rendering any files and the systems that rely on them unusable. Global ransomware damage costs are predicted to hit $20 billion in 2021, up from $11.5 billion in 2019, $5 billion in 2017, and just $325 million in 2015, according to the Cisco/Cybersecurity Ventures 2019 Cybersecurity Almanac.
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