Backing Up Your Data a Smart Move to Thwart Ransomware

Backing Up Your Data a Smart Move to Thwart Ransomware

  1. Backing Up Your Data a Smart Move to Thwart Ransomware

Does your automobile have a backup camera? Even before the National Highway Traffic Safety Administration mandated backup cameras in 2018, 97% of 2018 models already were compliant, compared to just 6% of models in 2006. It’s a great idea whose time had come.

So what about your business files? Are they properly backed up as part of a disaster recovery plan and a protection against ransomware? Although data security is as critical as vehicular safety, I’ll guess that much fewer than 97% of businesses are properly protected.

Every computer user should have a data backup plan, but it’s critical for business users. While you may have taken a break while sheltering at home, hackers did not. They are working 24/7/365 to access your data. Between February and April, cyberattacks aimed at financial institutions increased 238%.  

Should your data get hijacked, you may think about paying the ransom, but studies show that taking steps to restore or recreate your data costs one-half of what paying the ransom does. You may get your data back, but you may not. In any case, paying a ransom plus incurring remediation costs indicate that it’s cheaper to restore your data from a backup.

Overwatch can help devise a backup solution for your business and make recommendations on the best backup services.

For financial institutions, we recommend Datto. This backup is hardware-driven on premise or in the cloud. If an institution loses or employees are working from home, data can be accessed in the cloud. Two other backup vendors we’re keen on are Unitrends and Veeam. Unitrends is geared from the SMB to the enterprise with a variety of backup options. More than 80% of the Fortune 500 use Veeam, which has 375,000 customers.

The recommendation we make depends on many factors, including your industry type, the special data security/privacy needs of your industry, and your specific objectives. We constantly research vendors to discover the best ones that meet the needs of our clients.

Putting the possibility of ransomware aside, every business should have a comprehensive data backup plan as part of its security protocol. The backup rule of thumb is 3-2-1.  

You should have three copies or versions of company data. Most good backup systems make multiple copies, which will become important should you need to revert recordkeeping to a time period prior to an attack or a data loss.

This data should be stored in two different ways. For example, you could have two cloud copies from different time periods and a server backup. 

One copy of your data should be stored in an alternate location. If you backed up your data in your company’s server room and kept a hard-drive copy in your desk, for example, a fire would wipe out everything.

To recap, three copies, two different data types and one alternative location will go a long way toward safeguarding your data.

Contact Overwatch Technology for help determining what the best backup solutions are for your business.