Ransomware In Canada title over Canadian flag

Canadian Companies and Ransomware

Canadian Companies More Likely To Pay Ransomware Demands

The following findings were the Canadian portion of a study of 540 respondents in 4 countries, and it seems Canadians were more likely to pay ransomware demands.  The study was undertaken by Osterman Research, published by Malware Bytes and reported on by Profit Guide.

In this small study of 125 Canadian respondents:

Many businesses don’t have adequate data backup and are forced to pay ransom to retrieve their files.

Other organizations have backup setup, however it is attached to their computer network and some variants of ransomware can locate and encrypt such backup files, leaving victims without any files to recover data from.

Kaspersky studies have shown the average cost of network breach to be $38,000. By comparison, the cost of IT Security improvements to greatly reduce risk for small business are only $2,000 – $6,000.  In 2016-2017, small business owners and small nonprofit boards should hire professional help to undertake network security audits and improvements.  Teams without an in house IT employee should also consider Managed IT Services for ongoing prevention and support.

IT Security & Support in Toronto

Are you a small business owner in Toronto Ontario looking to improve your computer network security? We can help. We are TUCU – tech u can use, established in 2003 and providing small business IT services in Toronto including network security reviews, firewall installations, server installations and network management.