Cyber Fraud – are you prepared?

Lee Huck , Director, Clive Owen Technology Services Advises.
After we have just experienced the biggest ransomeware attack in history which has affected businesses and individuals across the globe over the weekend, putting cyber fraud at the top of your IT agenda is an investment you can’t afford not to make.
It has been reported that the scale of the attack has been unprecedented with infections reported in over 90 countries with Russia, Ukraine and Taiwan the top targets.
In the UK, the NHS has been badly affected by the attack and unsurprisingly, NHS bosses and the government are facing questions over why hospitals had been left vulnerable to the global cyber-attack that crippled services on Friday.
What is most concerning is that Microsoft had provided free software to protect computers in March of this year, raising questions about why the NHS was still vulnerable when a fix was available to protect them? 
Cyber experts have stated that the systems most susceptible to attack are those using obsolete systems or who have failed to apply recent security updates which would have protected them. This means that any businesses in this position are also at risk.
This ransomware attack was orchestrated using malware called Wanna Decryptor, also known as WannaCry, which demands each user affected pay $300 (£232) in the internet currency Bitcoin, to have files restored.
So, what is ransomeware?
Ransomeware is malicious software that encrypts files on a device, such as a computer, tablet or smartphone and then demands a ransom to unlock it
The first documented case appeared in 2005 in the United States, but quickly spread around the world
The software is normally contained within an attachment to an email that masquerades as something innocent. Once opened it encrypts the hard drive, making it impossible to access or retrieve anything stored on there – such as photographs, documents or music
Anti-virus software can protect your machine, although cybercriminals are constantly working on new ways to override such protection
The ransom demanded varies. Victims of a 2014 attack in the UK were charged £500. However, there’s no guarantee that paying will get your data back and no guarantee they won’t re-encrypt your files again shortly afterwards.
How can I protect my business?
Cyberfraud is in increasing risk and all businesses should ensure they are prepared across all areas of cyber security.
If this is an area where you feel you may need some extra support, Clive Owen Technology Services can offer a range of cost effective services and solutions:
Educate your team about the threat of ‘Phishing Attacks’– we can offer vulnerability testing via ‘white hat’ phishing campaigns which test employee knowledge and awareness of scam emails, provide awareness training and full management reporting.
o From as little as £2.50 / mailbox
Avoid ransomware – secure your workstations, servers and mobiles devices with industry leading ESET Protection.
o From as little as £11.00 / device
Encrypt your data for GDPR compliance - Installation and maintenance of ESET DESlock Pro Encryption to protect your employee and client data to help you attain your GDPR compliance.
o From as little as £23.00 / User
Plus, we offer a full service, dedicated range of IT Services for business;
Support Contracts
Software Development
Cloud Solution
On/off site IT support
Hardware and Software
Accountancy software
Cybercrime security
We tailor services to meet the needs of your business so why not just give me a call on 01325 349686 to see if we can help?