YES! If you don't take steps to defend yourself and your business from this type of an attack, it will cost you a lot of money and can do
irreparable damage to your business, possibly even forcing you to close your doors.
A few high-profile ransomware cases made the news, such as Hollywood Presbyterian Medical Center (paid $17,000) and The University of Calgary (paid $16,000). But, large businesses aren’t the only ones being targeted.
Small-to-Medium Businesses (SMBs) are now in the cross-hairs because they're more likely to quickly pay the ransom since they are often less prepared to recover from an attack than their larger, better-funded brethren.
In fact, criminals are now increasing their ransom demands to what they think targeted businesess can afford based upon their research before-hand. This will cost SMBs thousands of dollars more in extortion payments going forward.