The ALS Group Risk Management Articles

Ransomware attacks have surged in recent years, becoming one of the most devastating cyber threats to businesses of all sizes. With new tactics evolving rapidly, it’s no longer enough to rely on outdated security measures. In 2024, businesses must adopt a more proactive and layered approach to cyber defense. At The ALS Group, we offer expert advice on protecting your business from ransomware through prevention and risk management strategies. Why Ransomware Is a Growing Threat Ransomware attacks have increased in complexity and frequency. Cybercriminals no longer just target large corporations—they are increasingly going after small and medium-sized businesses (SMBs), which often have weaker security infrastructure. With the rise of Ransomware-as-a-Service

Five Tips to Help Prevent Ransomware Attacks As businesses become more aware of the dangers posed by cyber-attacks and ransomware, they are enhancing their IT security tools and practices. However, cybercriminals constantly evolve, devising new tactics to breach systems and steal valuable data. Compounding the issue, the costs associated with cyber breaches are rising. According to Ponemon’s 2019 Cost of a Data Breach study, breaches originating from malicious cyber-attacks were not only the most common but also the most expensive. Here are five updated tips to help protect your organization from ransomware and other cyber threats: 1. Strong Passwords Are Not Enough—Enable Multi-Factor Authentication (MFA) While strong passwords are essential,