Retail companies are targeted by ransomware because attackers understand how crucial it is to maintain operational continuity.
Ransomware attacks are a clear and present danger for retail businesses, bringing sales and support operations to a halt immediately and often taking weeks, if not months, to remediate.
The crux of the problem lies in losing access to inventory data such as shipping, receiving, and sales records while interrupting support and administrative functions. However, the costs of a ransomware attack can extend far beyond the ransom price. Revenue loss, loss of client or customer trust, loss of information on current clients and contracts, remediation, and even potential lawsuits against your company can all add up to a significantly higher cost than the original ransom demand.
To reduce these impacts, preserving business continuity is the most responsible thing a retailer can do. The more quickly operations can be resumed, the more options a business has available to it in its response to the threat. A key element to this is ready access to an immutable, uncorrupted backup. Ideally, data systems are quickly restored, the threat is contained, customers are notified of any breach of personally identifiable information (PII), and employees can get back to business as usual.
This prevents items from being scanned and restricts access to records specifically and computer systems generally.
Chris Caprio, a major Ashley Furniture distributor, recognizes the threat of ransomware both personally and as a business. In a previous corporate role, his personal computer was attacked, completely shutting him out of his data for about four weeks. In recent years, another Ashley Furniture distributor was attacked in what amounted to a worst case scenario. With no way to scan inventory unloaded from trucks, no way to track inventory in receiving, and no way to process sales or deliveries, he knew something had to change.
Chris has now decided to augment his existing backup policies with the Sollensys Blockchain Archive Server™ (BAS). The BAS™ was simple to implement alongside Chris’ existing procedures and is configured to backup multiple times per day. This provides him with an extra layer of confidence in the wake of an exponential global increase in ransomware attacks.
“The peace of mind that comes with knowing that I am protecting my team and their livelihoods, as well as my guests… it was absolutely a no-brainer to implement the BAS™.” – Chris Caprio, Ashley Furniture
The Blockchain Archive Server™ ensures business continuity and data integrity in the event of a ransomware attack.
The peace of mind that comes with knowing that I am protecting my team and their livelihoods, as well as my guests… it was absolutely a no-brainer to implement the BAS.
The ability to avoid business interruption and ensure a safe archive of sensitive client data was more than worth the investment in the BAS.
We’d already put a lot of cyber security tactics in place, but we had nothing like the BAS, now we feel a lot better in protecting our patients and our business.