Hacking and cyber crime have become a serious threat to businesses of all sizes. As well as customer account information, criminals target businesses to access staff social security numbers and bank details. Hackers once used their skills to test computer systems and develop their reputations, but they are increasingly intent on financial crime. A worrying trend in the world of cyber crime is the use of so called ransomware.
Ransomware encrypts the data of any computer or network it infects, making it inaccessible to the legitimate owner. Cyber criminals use ransomware to hijack essential files and information and hold it hostage until hefty ransoms are paid. Experts predict that many businesses are making payments to criminals as a quick resolution to this form of extortion. Unfortunately, agreeing to criminal demands often leads to further attacks.
New cyber threats and forms of ransomware are emerging all the time, and business owners must take steps to protect themselves. The following tips will help to reduce the risk of a security breach and potential financial losses in the digital age.