What is ransomware?
Ransomware is a type of malicious software that threatens to publish your data or block access to
your systems unless a ransom is paid. It is digital extortion and it’s the fastest growing cyber threat
for businesses of all sizes.
Cyber criminals hide ransom software in emails and websites - once opened, your files are encrypted with a "key" that only the attacker has access to. Ransomware is especially dangerous as it can spread rapidly and evolve to avoid security measures.
How can it affect your business?
- Locks you out of your own business until you pay a ransom fee
- Disables the functionality of your devices and systems, leaving you unable to do business
- Substantial cost impact — you may not be able to access data or systems without paying a ransom (with no guarantee the cyber criminal will be true to his word) or intervention from a forensic IT expert to find the issue and fix the problem
- Privacy breach issues and trust and reputational ramifications as customer and staff information is compromised
First steps towards being protected
- Keep your software and operating system up-to-date as new ransomware variants appear on a regular basis
- Be wary of unexpected or suspicious emails that contain links or attachments
- Backup important data and protect it appropriately (or offline) so you still have access to information in the event of a cyber attack
- Educate staff and instruct them not to open emails or links that look suspicious
ASSESS YOUR RISK
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Learn more about Cyber Threats
Cyber threats are a risk of doing business in our digital world. They include everything from rogue tweets made by employees that cause reputational damage, to hardware or infrastructure failure resulting in data loss, and even malicious malware and viruses that leave your digital systems crippled.Find out more