MSP Companies & Saving Clients From Ransomware
MSP companies are increasingly important for more than just basic security. Your customers have likely heard it said that cybercrime is at an all-time high, but do they really realize what the full implications of that are? It turns out cybercrime is a 500 billion dollar industry— that’s half a trillion, and it’s growing every day. One of the most affecting areas of this digital scourge comes from ransomware.
If your clients have been bitten by the ransomware bug, they won’t be able to access their files unless they pay the pernicious hackers who have afflicted them a fee. That fee has been getting bigger as hackers realize what they can get away with. Where before a business might get stung for a few hundred, these days, businesses can expect to be undermined to the tune of $1,000 or more. Likely more— especially if they have a somewhat successful operation.
And don’t let your clients think a business’s size will keep you safe. Small to medium-sized businesses are favorite targets of cybercriminals employing ransomware because such operations are at a perfect balance of lax security and vulnerability. With all this in mind, three known ransomware scourges that have hit the digital streets since 2016 include:
- CryptFile 2
- ROI Locker (Manamecrypt.A/Cryptohost)
This pernicious program will send a businesses files to “the crypt,” as it were. It will search their computer for valuable files, encrypt them, then demand payment in bitcoin, of all things. MSP companies can back up a clients data so that if they notice this ransomware, you can do a system reboot at the time before the malware was downloaded, they you won’t have to pay the ransom. Seriously, who carries bitcoin around? Even if they’re able to pay the ransom, they likely won’t have this obscure digital currency available; and acquiring it alone is a pretty substantial hassle.
ROI Locker, AKA Manamecrypt.A/Cryptohost
ROI Locker will usually infect computers through “rogue” software sites which don’t feature mainstream software solutions. Torrent programs are notorious for downloading this onto your hard drive, so if a clients find themselves infected, figure out when they downloaded the torrent file, and then back up from before that time.
This is a ransomware program that primarily targets Russian users. It will shut down a clients computer then reboot with a screen that fills their whole monitor, and demands the unwieldy sum of 1,000 Rubles or about $15 American.