BENEFITS of RELIABLE BACK UP or HOW TO AVOID TO PAY $KK FOR RANSOMWARE

CHALLENGE

Losing data is a crucial reason for a business success. Your business could lose all of the data of your customers, your product or services, confidential business documents and financial information, employee records, payment information, and many others – all these could be attacked by Ransomware (or cyber criminals) anytime.

As we can read in Small Business Trends, the Federal Buren of Investigation reports that Ransomware attacks cost victims about $209 million in the first three months of 2016. For example, that period of time Hollywood Presbyterian Medical Center was forced to pay $17,000 following a Ransomware attack that paralyzed important medical equipment and blocked access to patient files, according to Norman Guadagno in Technology Trends on Feb 20, 2017.  The medical center ultimately regained access to its IT system.

A business audit conducted by DTI / ProcewaterhouseCoopers shows that 70% of small business that suffers a significant data loss are out of business within a year of that event.

According to the latest Internet Security Threat report from security firm Symantec, Ransomware attacks are on the rise in Canada based on GlobalNews. The report found that Canada ranked fourth on the list of countries most commonly hit by Ransomware and social media scams. Symantec’s report estimates Canadians were affected by over 1,600 Ransomware attacks per day in 2015.

Ransomware

How Ransomware gets on your computer. One of the most common ways is through spam email and email attachments. The latest involves hiding a malicious macro inside a Word document or a seemingly harmless PDF file attached to the email.

Ransomware entered the organization

What happens when Ransomware attacks. There are different types of Ransomware but all of them stop you from using your PC normally anyway. They will ask you to do something before you can use your device – you cannot save your files, open any documents and get any information from your computer or laptop at all! You will see only black screen with text of asking for money in exchange for unlocking the data.

 

SOLUTION

The single biggest step you can take to decrease your risk is to back up your data regularly to ensure you can recover from them. For the protection of your data, there is a backup and recovery strategy that means to avoid paying ransom at all.

Your business data can be protected before and be proactive as a smart decision of your management and solid backup strategy is the best protection against Ransomware.

“Backup your data to multiple devices, and to at least one device that is not connected to a network,” says Allan Zhang, co-founder and CEO of Trustlook. “Also, be cautious of emails by checking the sender’s email address before clicking any link.”

 

RESULT and BENEFITS

Reliable Backup will save your money!

By comparison, the study by Osterman Research, that you can read on GlobalNews, has mentioned about a ransom payment between $1,000 – $50,000 from Canadian respondents. Kaspersky studies have shown the average cost of network breach to be $38,000. An average cost of Backup Solution in Arina Technologies Inc. is $200 per a server or valuable workstation that contains your data.

 

Downtime Illustration Example:
File server failure at a 20-user law/accounting firm

No access to the documents for 8 hours

The firm partners’ and associates’ utilization rate = 70% (billable time)

During this failure, they work at 30% of the normal productivity level

Service provider begins remediation two hours after failure

Legal partners (4) bill themselves out at $250/hr

–        Utilization rate 70%, effective billing rate is $175/hr

Associates (10) bill themselves out at $140/hr

–        Effective billing rate = $98/hr

Downtime Incident Cost Calculations:

–        6 hrs of technician time to fix the server (6%):

–        4 partners’ lost billing at 30% utilization (39%):

–        10 associates’ lost billing at 30% utilization (55%):

 

 

 

 

 

$600

$3,920

$5,488

TOTAL COST OF DOWNTIME INCIDENT (100%): $10,008

 

Having a reliable data backup and disaster recovery plan gives you the following benefits:

Low Cost of Ownership

A fully managed data backup and restore solution for the same or less than a capital purchase that you have to manage yourself.

Total Peace of Mind

Thanks to centralized management and monitoring by our team, you can rest assured that your business data is safe and being handled by experts. Which means you can focus on your business

Reduce Your Day-to-Day Operating Costs

While most solutions require full backups periodically or in some cases daily, our solution only requires an initial full backup then from that point stores only incremental file changes. Saving you money in storage space, data transfer costs and server load.

Safeguard Business Information

Since the solution takes backups in terms of changes, you will be able to recover files, even older revisions.

Ensure Business Continuity

Backup your most critical business applications to ensure that you can get quick access to restore systems that would have the most impact to your day-to-day operations if they were down.

Increase Productivity and Decrease Downtime

With our rapid restore capabilities, we will minimize the costs associated with lost productivity and downtime.

Detailed Reporting Information

No longer will you be unsure of how well your data is protected. We will provide you with reports monthly that let you know that your data is safe!

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