WannaCry Highlights Why You Should Prepare For Ransomeware

So many organisations and individuals were affected by the WannaCry cyber attack, but it was easily preventable. Cyber attacks are becoming more frequent and harder hitting but there are some simple things you can do to prevent ransomware attacks.

WannaCry, a ransomware program that targets a vulnerability in outdated versions of Microsoft Windows, has spread across 150 countries and The Telegraph estimate that is has infected more than 300,000 computers since it was released on 12th May. It disrupted many NHS hospitals in England and Scotland, infecting about 70,000 devices, including computers, MRI scanners, blood-storage refrigerators and theatre equipment.

 

The danger that the ransomware program poses is based partially on how invasive it is. After infecting just one computer, WannaCry can spread to every device in a network within seconds. It works by locking users out of their computers before demanding money to regain control of their data. Attacks of this nature demand payment to release all the files, and if there is no payment made within the given time, the ransomware program threatens to delete everything.

 

Ransomware is one of the most common cyber attacks, accounting for 17 per cent of all security breaches in 2016, according to government research. Even worse, an estimated 54 per cent of UK organisations have been the victims of ransomware.

 

The effects of an attack can be quite severe, causing business disruptions, partial or total loss of data, and loss of reputation. To ensure that your organisation is adequately protected from such a cyber attack, consider implementing the following practices:

 

• Update your network security.

• Install and update anti-virus as well as anti-malware software on all of your organisation’s computers.

• Provide your employees with cybersecurity training. This should include best practices, such as how to recognise a cyber attack.

 

One vital component of a solid cyber defence is purchasing comprehensive cyber insurance to ensure that your organisation can bounce back from a cyber attack.

 


Alan & Thomas - Cyber Insurance

Alan & Thomas can provide a range of insurances to businesses across sectors including hospitalitymotor tradepropertyagriculturalretail and tradesmen. Cyber Insurance is becoming requested more frequently by businesses to help them bounce back should they suffer an attack. For advice on adding cyber insurance to your business cover, contact our team today on 01202 754900.