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Combating Ransomware: What the Third Wall Means for You

August 22, 2019

Combating ransomware in a threat landscape where attacks are increasing isn’t easy for channel partners, but with the right solution in place, the fight becomes winnable.

 

As is the case for many other cybersecurity threats, ransomware is on the rise.

 

Approximately 56 percent of organizations have been victimized by the cyber threat this year. This percentage is a slight year-over-year increase of about 10 percent, according to a cyber threat defense report.  The report, which surveyed the perceptions of 1,200 IT security professionals representing 17 countries and 19 industries, was released by CyberEdge Group. CyberEdge Group is an Annapolis, MD-based research and marketing consulting firm serving high-tech vendors and service providers.

 

As customers become more aware of the increasing ransomware threat, they're going to be approaching channel partners with concerns. They will also be demanding end-to-end solutions designed to prevent malicious software from accessing their systems and holding data hostage.

 

Not all offerings combat ransomware attacks effectively. Having one with the right components — three in all — channel partners can deliver the results businesses are looking for in a solution.

 

Ransomware is a growing problem for businesses if they don’t follow expert advice

Despite continued warnings from cybersecurity professionals, some businesses are giving in to the demands of cybercriminals — and they’re paying dearly for it. You’re going to lose if ransomware hits you.

 

If you pay, you lose twice: the money is gone, and even then, almost 20 percent of everyone who pays loses the data anyway. There’s even a new “ransomware” out there that simply deletes all the data, then pretends that they will give it back if you pay up.

 

If you don’t pay, then it’s about 50/50 whether you’ll actually recover any data. Not good odds. You need to focus hard on preventing ransomware upfront, and that requires the right tools.

 

How channel partners are combating ransomware attacks — and what’s missing?

One of the top ways to prevent ransomware attacks is through education. You can't rely on awareness alone. As you know, your clients are prone to making bad decisions when it comes to technology; so your strategies must consider end-user negligence, too.

 

In addition to educating their customers on the dangers of ransomware, channel partners are ensuring customer systems are up to date with the latest security patches. They are also making sure they are using antivirus software and firewall solutions to prevent ransomware attacks — but that's not all.

 

Channel partners are also frequently backing up customer data and storing it elsewhere — including the cloud — to prevent ransomware from easily accessing it.

 

While these strategies collectively are integral to providing customers with holistic approaches to combating ransomware, something is missing — a third wall.

 

The third wall advantage for channel partners defined

In most ransomware protection strategies, there's a component missing. That's the third wall, basically, automated lockdown security, which shuts down entry points for cybercriminals to infiltrate.

 

With Third Wall, a cybersecurity plug-in for ConnectWise Automate, you can activate 58 cybersecurity policies across an entire client or across all the computers under your management.

 

Within minutes, the solution — which offers annual and monthly pricing plans to channel partners — can lock down the major avenues where breaches occur every day. This is just one of the many ways the third wall —  and the Third Wall solution — can help with protecting against cyber threats.

 

Specifically, for ransomware, Third Wall has three different policies you can use to prevent ransomware attacks.  Those policies include Monitor Event Log Clearing, Disable EXE Running from %AppData% and Monitor for Ransomware Attacks.

 

With ransomware attacks on the rise, channel partners are searching for new ways to provide end-to-end malware solutions to their customers. While many products offer two walls — antivirus and firewall — only one provides automated lockdown security — and that’s Third Wall

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