Ransomware – Don’t pay! You WON’T get anything back!

Heard of ransomware? It’s important that you know about it, so read on…

Posted by Phil Bird

Managing Director, The PC Support Group

Tue 24th, Nov

Ransomware is the term given to a type of virus that enters your computer(s) and encrypts all your data in such a way that you can no longer access any of it.  Until you pay a substantial fee (a ransom) to get it back.

There’s a new ransomware virus to be aware of; it’s called Power Worm but unfortunately no amount of ransom can get your data back for you.  Unfortunately, the not-so-clever hackers have made a big coding mistake this time and one variant of their virus destroys keys that could help recover the data it has scrambled – leaving you high and dry even if you are prepared to pay a ransom.

Power Worm infects Microsoft Word and Excel files in the main,  but the latest version goes after many more types of files it finds on your machine.

Malware Researcher Lawrence Abrams makes it clear that anyone hit by Power Worm should not pay the 2 bitcoin (about £500) ransom it asks for because they will not get any data back.  He said “There is unfortunately nothing that can be done for victims of this infection, If you have been affected by this ransomware, your only option is to restore from a back-up.”

The reality is that even when the hackers do have the key they are unlikely to release it even if you pay the ransom so regular reliable backups is the only realistic way to protect your data and your business from these attacks.

Did you know:

  • 34% of companies fail to test their backups, and of those that do, 77% have found back-up failures (Source: Home Office Computing Magazine)
  • 93% of companies that lost their data centre for 10 days or more due to a disaster filed for bankruptcy within one year of the disaster. (Source: National Archives & Records Administration)

It’s worth noting that even if you avoid catching a computer virus, ALL disk drives eventually fail, regardless of brand or type and so backups are arguably the most essential aspect of any IT system.

Backup solutions can vary enormously and it is important to be aware of the consequences of choosing one solution over another. While all of our services provide excellent protection, some cover just data while others cover entire systems. Some enable faster recovery of your systems in the event of a major problem, while others ensure that your systems are safe from physical risks such as fires, floods or theft. We recognise that each business has unique requirements and so we talk to customers to diagnose their potential risks and vulnerabilities, understand what’s important to them and then design a specific BusinessCARE Backup system tailored for their situation.

Call The PC Support Group before it’s too late! You can reach us now on 03300 886116

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