Beware the Ransomware – uncovering the future threats to IT security

At PAV i.t. we are constantly striving to stay one step ahead of IT security threats by ensuring that we always have our finger on the pulse when it comes to the current trends and future predictions for online breaches to security.  Here we guide you through the new breed of some of the most potentially damaging cyberattacks facing businesses today and what you can do to make sure you don't fall foul of the fraudsters.

Online fraudsters are becoming more and more adept at formulating intricate and complex ways to infiltrate and breach companies' data.  Although security software will help ward off potential threats, fraudsters will always aim to be one step ahead so companies and their employees need to keep their wits about them to avoid any unpleasant surprises or, even worse, long term damage to their business.

Held to ransom

Ransomware is predicted to be a major upcoming threat to businesses, as well as the wider economy, with the potential to cause unprecedented disruption across the world through a variety of techniques and tricks to trip up unwitting victims.

A form of malware, which typically propogates itself as a trojan, ransomware systematically encrypts files on a system's hard drive, rendering  it impossible for users to access or unlock devices without paying a ransom in order to retrieve it.  

Usually attackers will target a specific company, researching them using various information channels and methods including spear-phishing and whale-phishing.   

Going after businesses' big fish

CEO Fraud or whale-phishing is on the rise and already costing firms millions.  

Designed to trick companies in to handing over funds by posing as the boss or IT department, fraudsters will send convincing emails to their targets requesting money transfers that are often accompanied with an urgent request to unfoot the recipient.

This form of fraud is particularly dangerous as it relies on both the psychological manipulation of staff and collating publicly available corporate data to create a sense of credibility rather than attacking targets through attachments or downloads.  Staff who are less likely to question a direct request from the most senior members of the business and information found in places such as on LinkedIn profiles help fraudsters to implement these attacks with great success.  

More worryingly, firms across the world have reported that the intensity and frequency of these attacks are growing rapidly meaning businesses should be increasingly vigilant when it comes to posting information on public services such as LinkedIn.  

Protecting your business

A robust security policy needs to not only include the traditional protection of systems, such as anti-virus and firewall software, but also iron clad processes should be adopted and communicated effectively to your staff to prevent information from being leaked and to reduce the likelihood of either the business or your customers becoming victims of duping scams.

Companies that aren't fully prepared for the extremity of cyberattacks are extremely vulenerable to suffering a security breach and should seek professional advice to ensure that their data and systems are properly safeguarded.

For more information about how PAV i.t. services can help you safeguard your business, please call us on: 01273 834000

ContactCONTACT

PAV i.t. services
Reeds Lane, Sayers Common
West Sussex, BN6 9LS
General enquiries: +44 (0)1273 834 000
Support / service desk: +44 (0)1273 834 433

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