22/02/21

Would your business cope with no IT?

A whole generation has grown up not knowing what a world without IT is like, and the prospect of operating a business deprived of it is frankly unthinkable – but that is what a growing number of companies targeted by cyber-attacks are being faced with.

IT is an essential tool in the day-to-day running of a business but have you thought about what you would do if your company was hit by a serious data breach, a loss of personal and corporate information which may lead to ransom demands from hackers?

It would, quite simply, have a devastating effect and could well mean having to shut everything down and reverting to pen and paper – which is why it’s important to have a robust security plan in place to ensure systems integrity.

Ransomware

Ransomware is the fastest growing form of computer virus – a virus which threatens to delete files in an IT system unless a ransom is paid. It’s being used to great effect by hackers and fraudsters to obtain substantial sums of money from firms who are left with little alternative but to pay.

One such company was a foreign exchange firm held to ransom after cyberattacks last year. It was forced to shut down its websites across 30 countries to protect its data and contain the virus. 

And with the increase in digital brought by the pandemic, hackers have a much wider target range in 2021.

The hackers on that case claimed to have sensitive customer data in its possession including National Insurance and credit card information and date of birth details and were demanding a £4.6m ransom. The company concerned said at the time that its websites were down for planned maintenance and no customer data had been leaked.

A logistical nightmare

The prospect of being targeted by ransomware is frightening and clearly poses a logistical nightmare for those affected – but it’s on the increase and we all need to be aware of it and the potentially devastating consequences it can have on a business.

It’s important that companies of all sizes review their cybersecurity to ensure they can avoid the growing number of innovative ways hackers have of targeting IT systems and getting hold of vital information they can then use for substantial financial gain.

Our team at PC Net has a wealth of experience in advising and supporting businesses with their full range of IT needs – including helping to keep their company safe by putting a tough set of procedures in place.

For more information on how we can help your business, give us a call on 01743 290588.