Think It’ll Never Happen to You? Cyber Attack Targets Local Midlands Business

Ask yourself honestly, how secure is your business’s data? Are you aware of the latest online security risks? Do your employees understand the threat of opening an unsolicited email? If you’re unsure how to answer any of these questions, then perhaps it’s time to give your company a security health check.

Typosquatting can cause your sensitive data to be leaked

Recently we received a notification from a local insurance company detailing that they had been subject to a targeted online security breach. The Managing Director came to work to find their IT systems were being held ransom by a cyber-criminal.

The hacker had encrypted all of their businesses data and rendered the systems useless. To make the situation worse, he demanded 3,000 EUR to retrieve the company’s information.

Despite running daily back-ups and managing to recover all their data without paying the ransom, it took almost a week to regain full control of the network.

The business proprietor stated in his letter This has possibly been one of the worst experiences I have had in 26 years of being in business. I would urge everyone to make sure they have good security in place to try and prevent the same happening to them.
What are the chances of a cyber attack affecting your business?

High profile cyber-attacks such as LinkedIn, Hilton Hotels, Ashley Madison and Sony Pictures typically dominate the news. Consequently, small to medium-sized businesses could almost be forgiven for feeling that they are an unlikely target for criminals. However, the aforementioned attack highlights that in reality, no business is safe.

Government research has found that 66% of SMEs reported an information security breach in 2015. Additionally, the cost of a severe breach can reach up to £310,800. This is a threat that can no longer be ignored.

“SMEs have not historically been the target of cybercrime but in 2015 something drastically changed,” says Toni Allen, UK head of Client Propositions at the British Standards Institution.

Taking down a high-profile company can earn cyber criminal’s notoriety amongst their peers. However, criminals often prey on the knowledge that SMEs typically have lower security defences, providing an easier way to earn a fast buck.

How can you reduce your risk?

Fortunately, there are a number of simple and cost-effective steps that you can take to reduce your risk of a cyber-attack:

  • Introducing a resilient password policy
  • Securing wireless networks
  • Introducing clear IT procedures
  • Ensuring staff understand security

These best practices will all go a long way in keeping your data secure.

However, when it comes to advanced online security, further steps may be required. Arden understands staying on-top of the latest security threats and procedures can seem like a never-ending task. That’s why we offer our customers a multi-layered approach to managing your cybersecurity.

Our portfolio of solutions includes the latest in anti-virus software, secure data back-up, testing and installation of firewalls, filtering of unwanted e-mail and hazardous websites, advanced data encryption and intrusion protection. All helping to prevent unwanted access to your information.

It may seem easier to cut corners and save a few pounds in the short term. However, as we have highlighted, the cost of a cyber-attack extends much further than a hefty cash ransom. The biggest damage is to your reputation.

Take this time to ask yourself; ‘what is my most valuable asset, and what would be the cost to my business if I lost it?’

If you’d like to find out more about protecting your business online contact our team today.

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