Three Reasons Why You Should Report Ransomware Attacks against Your Business to the FBI

Scott Starost • Nov 15, 2016

In the digital age, it seems that crooks and hackers will stop at nothing to make a dime. Ransomware isn’t necessarily a new thing, but it’s been around long enough that it’s gotten pretty sophisticated. If your company is the victim of a ransomware attack, it’s very important to contact the FBI. Here’s why.

#1 – There’s Not a Single Tool or Method for Protection

Unlike virus and malware protection, there’s no one particular tool that’s dedicated to protecting your business from ransomware attacks. Aside from backing up your company’s data, performing risk analyses, training your staff, and patching potential vulnerabilities, there’s no real way to guarantee complete protection. The best protection for any company anywhere in the world is to report each act of ransomware as it occurs. This way, the FBI has a better chance of tracking down those responsible and removing the threat completely.

#2 – The FBI Doesn’t Want You to Pay the Ransom

The FBI does not advocate paying ransom to those who demand it in exchange for the safety of your data. According to James Trainor, the FBI Cyber Division Assistant Director, “Paying a ransom doesn’t guarantee an organization that it will get its data back…” In fact, it only exacerbates the problem by giving the attackers what they want – the money. Once these criminals have successfully targeted a few smaller companies, they’ll move on to larger and larger companies with very little in the way to stop them. Trainor also mentions that by paying a ransom, your company may inadvertently be paying for other illegal activity that is associated with the criminals.

#3 – You Could Be Targeted Again

Finally, the FBI also notes that many companies that pay ransoms in exchange for data are often targeted by the same criminals again in the future. Even if a company was provided with a decryption key after paying ransom the first time, there’s no guarantee that same company will get the key the second time around. If that happens, your company is out a very large sum of money, and you’re still in the same position. For that reason, it is always best to involve the FBI and allow them to catch the criminals responsible.

How to Report Ransomware

If you believe that your company has been the victim or is currently the victim of a ransomware attack, please contact your local FBI office. From there, you’ll want to report to the FBI’s Internet Crime Complaint Center. Your local office can provide you with more information about how to file your complaint and what sort of information you can provide. The agent assigned to your case may ask that you remain in contact with the FBI to help with their investigation, and FBI agents may also come to your place of business to assess the risk.

Ransomware is a serious threat, and the number of reports are on the rise. Thieves will often stop at nothing to get the money they want, and they’ll exploit your business to do it. Reporting these attacks to the FBI gives them a better chance to collect the evidence they need to catch the criminals and spare other businesses – including your own – from future attacks.

Fort Wayne Indiana downtown
05 Jan, 2024
In an era where digital transformation is at its peak, businesses are increasingly vulnerable to cyber threats in Fort Wayne, Indiana. With cybercriminals becoming more sophisticated, local companies must avoid these threats to safeguard their digital assets. As cybersecurity experts, SDTEK is dedicated to helping Fort Wayne businesses fortify their defenses against these ever-evolving threats. Understanding the Cyber Threat Landscape in Fort Wayne Like many thriving urban areas, Fort Wayne is home to a diverse range of businesses. The variety of enterprises here makes the city a vibrant economic hub, from bustling tech startups to established manufacturing companies. However, this diversity also makes the area a target for cybercriminals. The most common threats include phishing attacks, ransomware, data breaches, and malware. Small and medium-sized businesses (SMBs) are particularly vulnerable, often due to limited IT security resources. Recognizing these threats is the first step in building an effective defense strategy. Why Cybersecurity Matters More Than Ever for Local Businesses The consequences of cyber attacks can be devastating. They can lead to financial loss, damage to reputation, and legal implications if customer data is compromised. In today's interconnected world, the fallout from a security breach can extend far beyond the immediate damage, impacting customer trust and business continuity. Tailored Cybersecurity Strategies for Fort Wayne Businesses At SDTEK, we understand that there is no one-size-fits-all solution to cybersecurity. This is why we offer customized security strategies that cater to the specific needs of Fort Wayne businesses. Our approach includes: Risk Assessment: Evaluate your business's particular risks, considering factors unique to your industry and operational model. Employee Training: Empowering your staff with knowledge and best practices to recognize and prevent potential cyber threats. Implementing Robust Security Measures: This includes firewalls, anti-virus software, and secure Wi-Fi networks tailored to your business's specific needs. Regular Monitoring and Updates: Continuously monitor for threats and keep your security systems up-to-date to combat new and emerging threats. Best Practices for Cyber Hygiene In addition to tailored strategies, there are general best practices that every business in Fort Wayne can implement: Regularly update software and systems to patch vulnerabilities. Use strong, unique passwords and consider multi-factor authentication. Regularly back up data and store it securely. Establish a clear policy for handling sensitive data. Collaboration and Continuous Learning Cybersecurity is not a one-time effort but a continuous process. Collaboration between businesses and cybersecurity experts like SDTEK is crucial. We encourage Fort Wayne businesses to engage in local cybersecurity forums and workshops to stay informed about the latest threats and defenses. Conclusion In Fort Wayne, staying ahead of cyber threats is essential for the longevity and success of your business. By understanding the risks, implementing tailored strategies, and practicing good cyber hygiene, local businesses can significantly reduce their vulnerability to cyber-attacks. At SDTEK, we are committed to partnering with you in this journey, providing the expertise and support you need to protect your digital assets and thrive in a digital-first world. For more insights and assistance on cybersecurity solutions tailored for your Fort Wayne business, contact SDTEK . Your digital safety is our priority.
06 Dec, 2023
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