As the number of COVID-19 cases increases worldwide, so does the number of ransomware cases in the United States and around the world.

To decrease these attacks, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) Intelligence recommends that all ransomware incidents be reported and that paying the ransom is illegal as of October 2020 (2020).

When a company pays a ransom, this encourages hackers to send out more ransomware attacks. These sophisticated hackers have learned to take advantage of employees in the most vulnerable of times.

Ransomware is a type of malware intended to deny access to a computer's data or an individual computer. Ultimately, this software type can export the company's valuable information and put it up for ransom.  These scammers will demand some payment, more commonly in a digital payment form.

Many small to medium-sized businesses do not believe that they can ever be the victim of ransomware. Sadly, this is not the case; often, hackers will not know how large your company is when they release these codes and sequences to thousands of computers.

They are about who bites, and if someone bites on their bait, that's still money for them. Sometimes they will hit the jackpot with large companies but often not. Also, remember that smaller companies are less likely to invest in the proper cybersecurity for their business since they don't see themselves in danger.

The truth is every type of company is in danger; it doesn't matter the size, location or industry!

Healthcare companies are a huge target right now because they see a vulnerability, but that could quickly change and pivot in a different direction.

If you are interested in investing in reliable and affordable cybersecurity solutions for your business. Please give Computerbilities a call (919)469-5060!

U.S. DEPARTMENT OF THE TREASURY. (2020, October 1). Treasury Department Issues Ransomware Advisories to Increase Awareness and Thwart Attacks [Press release]. Retrieved November 2, 2020, from https://home.treasury.gov/news/press-releases/sm1142

https://home.treasury.gov/system/files/126/ofac_ransomware_advisory_10012020_1.pdf