A few days ago, Quanta Computers Inc., a primary supplier of computers and Macbooks to Apple, acknowledged being dealing with a ransomware attack.
A similar infamous incident took the internet by storm in July last year, the Garmin ransomware attack.
Various reports stated that the company paid a huge ransom to obtain an encryption key to restore the data.
There are many lessons that the Garmin ransomware attack teaches us.
Integrating cybersecurity to enterprise risk management, developing strong IT asset management, and a robust incident response approach will enhance security.
Size Does Not Matter
Cyberattacks are not limited to the size of a business and they can threaten any organization.
Attackers are Smart
Defense is the Only Remedy
Safeguarding networks, upgrading cybersecurity strategies, continuous data backups, encouraging patch management programs, regular scanning of internal and external networks, proper encryption, and authentication in place are all a company can consider while preparing itself to fight cyberattacks.
Attacking Customers Operations Can Be Fatal
Attackers knew how to make the company helpless by targeting its strong point. Businesses should be more aware to maintain good security measures in their user-friendly platforms and save sensitive user data from breaches.