Ransomware Advancements Leave Businesses Vulnerable to Cyber Attack


Hackers have now developed a new form of cyberattack calledRansomware.  This type of malware threatens to publish the victim’s data or prevent users from accessing their systems by locking the screens or user files unless a ransom is paid.  Confidential information like bank records, customer credit card data and even your company’s financial records can fall into the hacker’s hands with just a few keystrokes. After they gain access to your proprietary data, they hold your network hostage, often deleting file backups and sending malicious messages to your customers and others until you pay their ransom.

Bitcoin and Ransomware

Not only are Ransomware attacks on the rise, but the availability of Bitcoin has made these cybercriminals even more emboldened. Now, hackers hold your most valuable data from you and demand their payment in various forms of cryptocurrency. Since these transactions can’t be traced, the cybercriminals feel as though they will most certainly get away with their blackmail plans.

Since Bitcoin must be purchased through a proxy broker, converting ransom money to Bitcoin results is an additional cost. These proxy brokers typically charge 15-20% simply for transferring your cash into cryptocurrency for the hackers to access and steal.

If you have read this far and are not feeling really anxious, then you may not have fully internalized the risk. These cyberattacks are becoming more frequent, more expensive to contain and its happening right here in south Florida. So how do you protect the company you have spent your blood, sweat and tears building from Ransomware, and what steps can you take to minimize your risk?

Cyber Insurance and Penetration Tests

Part of your risk mitigation plan should include a cyber insurance policy. Similar to the way in which home insurance protects the value of your home in the event of natural disasters or damage, cyber insurance protects business with essential coverage related to cyber risks. Expenses associated with a data breach can be very high and a robust cyber policy can help offset these costs. Like any insurance policy it needs to be tailored to the size and type of your business. While cyber insurance used to be simple to obtain, the recent developments in Cybercrime have led to stricter underwriting requirements within the industry. Insurance is certainly not the only component of your business protection plan, since an insurance policy can’t get your data back.

Insurance companies are beginning to require evidence of insurability including penetration tests on your network before an insurance carrier will write a cyber policy. The insurance companies use these tests to measure your network security’s effectiveness and determine premiums and payouts of your policy. CPT can help you secure your network, in turn increasing your company’s capability to obtain a cyber insurance policy to protect your data.

CPT of South Florida Can Help Prevent Ransomware Attacks

The NSA breach has taught us that no network security plan can offer 100% protection, and certainly the most elaborate plans can represent a significant investment, but protecting your network can be approached by implementing layers of security, including the following, and CPT can help.

  • 2-factor authentication,
  • offsite backups, and
  • proper network monitoring tools.

Even if these steps seem unnecessary or annoying, they are paramount in helping you protect your business. Also, at CPT our primary goal is to help you implement them with ease.

It can be helpful to think of your network as a house. If a burglar breached your home security, you would do anything you could to protect your family going forward including adding outdoor cameras or security codes. Your company’s data is no different than a home, in that it requires vigilant security systems to keep it protected.

We’re here to help you and your business remain safe. Our deep knowledge and experience in network security allows us to quickly identify potential threats to your infrastructure. Contact TJ Spohn at 954-966-2766 today for a free evaluation.

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CPT of South Florida

Customer Reviews

John C

CPT installed a new Avaya IP phone system for my office. The transfer to the new system was seamless. The installers were very professional. We are very happy with our new system and CPT.

Scott Meyer

CPT of South Florida just upgraded all of our offices Avaya systems to the newest software versions. The tech was knowledgeable and very thorough when reviewing all of our system features and programming. This is a great group to work with.

Mario Bacelar

Positive: Professionalism, Quality, Responsiveness, Value

Attention to their customers and they go beyond the line of duty with high hopes and capability for solutions.

Definitely Recommend.


Our business switched from one large VOIP provider to GoToConnect recommended by CPT of South Florida. Although we had a significant pricing decrease, the biggest benefits were in a much more user friendly and powerful phone system.

1st Performance Marina

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Great, Professional Service!!

Amaro Hesen

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Fantastic company - Highly Recommended!
CPT of South Florida are professional and knowledgeable in all aspects of the tech needs for businesses.

Lee Dubey

Positive: Professionalism, Quality, Responsiveness, Value

CPT has been a great partner for many years. We can always depend on their expertise and recommendations. They have solved complicated network issues with top notch techs. They also recommended and guided us through the installation of the logmein/Jive phone system that turned out to be a great decision and CPT was a big part of the projects success..

Ilene Fostoff

2 years ago I replaced my phone system. It was a very difficult situation due to the nature of my business. CPT did a good job. There were some hiccups as there are in anything you do of this magnitude and CPT rectified them. There support in the last 2 years has been very good.

Scott Bonora 24/1/19

Barrett and his team did a great job throughout the whole process of installing a new phone system. We went with the Avaya phone system and we are very happy with it.

Rene Villa 24/1/19

They provide high quality post implementation services. CPT support team remains engaged until my requests are fulfilled. Thank you!