When it comes to data security, most CIO or CISO will agree that ransomware poses the biggest threat to all businesses. Ransomware attack has been in a constant rise for the past few years. Once infected, all files stored in the victim's computer, and even those connected to it, are encrypted and are no longer accessible by the victim. The attacker then demands a ransom from the victim, promising to provide the decryption key so that the files could be recovered. The victim either pays the ransom (with no guarantee that the data can be retrieved), or loses all important files forever.
In the event of a ransomware attack, your ERP & accounting data might be at risk if your backups are USB/external hard drive, PC/Server or NAS, or Cloud Storage as these backup copies are likely being infected by Hidden Ransomware. Having anti-virus software definitely reduce the chances of getting ransomware attack, but it’s not a guaranteed solution as 86% of victims claimed to have Anti-Virus installed.