By now you know that the Colonial Pipeline hack wreaked havoc on the energy industry. The ransomware attack shows the ongoing vulnerabilities of infrastructures. Data protection is essential as cybercriminals become more sophisticated. Organizations large and small must create policies that ensure the safety of data and information for continuous business operation.
The Colonial Pipeline Ransomware Attack
In May 2021, Colonial Pipeline, a private company, had a devastating ransomware attack that shut down operations for nearly a week, causing gasoline shortages in the eastern United States. The company eventually paid a $4.4 million ransom to the cybercriminals.
Ransomware involves encrypting some or all of the data on a user’s computer system which prevents access. The cybercriminal threatens to destroy all the data unless a ransom is paid. Once paid, the user gains access to the data.
The Colonial Pipeline attack isn’t the first to make international headlines. The WannaCry ransomware attack during the May 12, 2017 weekend affected more than 230,000 computers in over 150 countries. Hospitals, banks, government agencies, and well-known organizations had vital information and data compromised.
How to Protect Your Essential Digital Assets
1. Create a Comprehensive Data Protection Policy
Every organization needs to create a business continuity plan to secure and recover all important data. The policy should include processes for data backup, storage, and recovery to keep your company in operation should data ever get hacked, deleted, damaged, or stolen. With policies in place, you save money and time and have peace of mind if a disaster ever happens.
2. Backup Data to Multiple Repositories
There are many options for data backup and storage, but the clear favorite is hybrid cloud solutions. By backing up your digital assets to a few different repositories, you have the optimal method to recover from ransomware or other cyber attack.
Although local backup on a physical device such as hard disk or solid-state drive is still an option, there are risks to this. Fire, theft, and damage are all possible. With public cloud solutions, you share a multi-tenant environment which means slower speeds and performance.
A private cloud solution uses a dedicated server for each organization, but there are higher costs and more responsibilities such as maintenance, management, and monitoring of the environment.
Hybrid solutions use on-site backup and storage in addition to public and private cloud computing services. The hybrid approach has the latest technologies available and provides benefits such as better performance, flexibility, affordability, scalability, and customization.
3. Test Your Data Protection Plan Regularly
Having a detailed data protection plan is not enough. You need to test it out to ensure that it works properly. This involved verifying that backups occur on schedule and trial data recoveries are retrieved in a timely manner. With testing throughout the year, you know that if there is a cyber attack, your business will continue with little downtime.
Why Choose RingStor
You don’t have to be a victim of ransomware if your take precautions to keep your data backed up both on-site and in the cloud. RingStor is a leading data management company that helps organizations to protect their business data with state-of-the-art solutions.
For more information on how to protect your organization from ransomware, contact RingStor today via email or call (609) 955-3422 to speak with an expert.