sophisticated ransomware

No 3 Minute Warning: Businesses Held Ransom By Online Hackers Who Can Attack In Seconds

No 3 Minute Warning: Businesses Held Ransom By Online Hackers Who Can Attack In Seconds

UK small businesses are being urged to protect themselves from ransomware, which can attack in seconds and cost victims thousands of pounds. Under the cyber-attack, online hackers can shut down a company’s website and encrypt its data before asking for large sums of money to release the information. According to a new study by Timico, 74% of all businesses held to ransom said the attack had an instant impact, with their data systems going from fully functional to essentially useless within seconds. 26% of those surveyed said their systems were paralysed within a few seconds, 21% reported under a minute, while a further 27% said the criminals took hold of their system within a few minutes. When it comes to the consequences of such attacks, businesses are losing more than just time – as they... »

More Sophisticated Ransomware is an Immediate Threat For Small Businesses

More Sophisticated Ransomware is an Immediate Threat For Small Businesses

Increasingly sophisticated ransomware is helping hackers to achieve “skyrocketing” profits as smaller businesses remain unprepared for such cyber attacks, according to a report by Cisco. The Cisco 2016 Midyear Cybersecurity Report revealed that scammers are increasingly operating undetected by broadening their focus from client-side to server-side exploits, while a new trend in exploiting server vulnerabilities is also evident. As well as expanding their focus, cyber scammers are also evolving their attack methods with Windows Binary exploits, which allows criminals to infiltrate a business’ network, becoming the top web attack of the past few months. Restricting this ‘operational space’ of the criminals is seen as the biggest challenge for small businesses looking to def... »