10 Ways Ransomware Can Affect You if You Don’t Take Charge
Ransomware is a nasty type of virus that extorts people for money by essentially blackmailing them. When it comes to major companies and even small businesses, ransomware can seriously take advantage of you and anyone else involved. And, as we all know, ransomware can affect our personal lives as well.
Unlike other types of hacks, ransomware is not easy to get rid of. Often, people need to either pay the money or risk losing all their data instead.
Don’t let ransomware take over your business or your life. Here are the ways ransomware can affect you if you don’t take charge. (And, by take charge, we mean taking all the cyber security precautions there are, including backing up your data!)
1. It can take away everything you’ve worked towards
Ransomware essentially takes your data hostage. If you’re a small company who has put in a lot of work to get your business off the ground, this is a huge disappointment. If you’re a major company, you’re going to have a lot of backtracking to do, and a lot of “‘splainin'” to do, too. No one wants to have to start back at square one again.
2. It can force you to pay up
If you didn’t back up your data and you’re not in a place to lose everything you’ve worked for, then ransomware can force you to pay up. Though the FBI discourages paying these cyber terrorists, it may be the only way to get back your important data.
3. It can ruin your reputation
If people are familiar with your company, a ransomware attack can seriously ruin the reputation you have with your customers. Sure, if you can overcome the ransomware no problem, then it may be that no one will find out and you can move on with your life. But, if your company goes down the drain or sensitive customers’ information gets leaked, you’re really in trouble.
4. It can make you vulnerable to attacks in the future
If we let ourselves get affected by ransomware one time, we’re probably going to do our best to make sure it doesn’t happen again. But, if a ransomware attack happens in the first place, it may mean you don’t have a good cyber security plan in place. Therefore, you may be vulnerable to more attacks in the future.
5. It can take away your precious memories
When ransomware affects your work life, that’s one thing. But, when it affects your personal life, it’s another. Ransomware can get into your own personal computer and take away your precious memories, including photos, videos, writings, or even conversations you’ve saved.
6. It can take away your “evidence”
Some of us keep very important information on our computers. This can be everything from our tax documents to bank information or photocopies of a passport. In some cases, this type of information is your “evidence.” It’s proof you paid your taxes or proof that you paid a bill. Ransomware can take that away, wreaking havoc on your personal finances.
7. It can access any IoT device
Believe it or not, ransomware has started to affect SmartTVs, video game systems, cars, and other IoT devices. Despite the fact that IoT makes our lives easier, remember, the Internet can be a very dangerous place. With convenience, there sometimes is a catch. You don’t want to be trying to relax and watch TV when a ransomware message appears on your screen.
8. It can take away privacy in ways you wouldn’t believe
Amazon Echo may be helping to solve a murder, as it may have recorded the mysterious events that took place. While this is bad news for the murderer and good news for the family, it makes a lot of us wonder how private our lives really are when we invest in all this smart technology. Ransomware and other type of hacks can lead to us being watched and heard without us even knowing it. There’s no telling what or how they will use what they gather against you.
9. It can play a risk to your health
As you can start to see, ransomware can pretty much affect any device, including health technology. This could be any device to help aid a person’s health. Think pacemakers, implants, and in the future, other health machines like digital contact lessons. If hackers can go to any means necessary to make you desperate enough to pay, would you really put it past them?
10. It can cause a ton of stress
The bottom line is that ransomware is a very scary thing. It can come at a surprise and put us in a situation where we really have no idea what to do. It can cost us time, money, and a lot of hard work. This can cause a heck of an amount of stress, that will certainly take a toll on our work and personal life as a whole.
Smeester & Associates can provide you with assistance for your cyber security practices. In the meantime, see if you are at a risk of being hit with ransomware. Take our RiskAware™ Cyber Security Scan & Report to find out.