All businesses are under pressure, both from attackers but also from changes in business law – you have a responsibility to manage your client’s data and your own financial data securely and safely, and if you aren’t taking this seriously the fines can be very large.
Businesses in the UK are being targeted by thousands of cyber-attacks per day. These attacks are not just aimed at large corporates, but also SME’s: every business who uses IT is at risk.
What is the cost?
For larger organisations, these attacks can cost millions of pounds per incident. Smaller businesses also face a huge risk with an average breach costing £310,000, according to government figures. These costs are either direct losses due to theft, fraud, or fines, or an impact to productivity due to system outages. An additional issue that is difficult to quantify is reputational harm. This impacts customers trust in suppliers and may have a large impact financially as time passes.
Types of threat?
Unfortunately, businesses are under attack from multiple locations, so we have outlined a few common threats we see on a daily basis. The most pertinent issues now relate to Malware. Malware is software designed to harm a computer system. There are many different types but the most widely recognised are:
Ransomware – is a type of malware that demands the user pays a ransom to stop it performing a harmful action or retrospectively reverse the effects of a harmful action. The most common type is encryption actions, making user data inaccessible.
Botnets – are based upon malware that has been created with the purpose of controlling a number of computers, to attack other systems or harvest information from other computers. Common botnets run DDOS (distributed denial of service) attacks, or mass spam emailers.
What can you do?
The most important thing any business can do is put basic measures in place to reduce the areas of attack. Educating staff on what they should and should not be doing when using your IT systems is also key to managing the threat.
The right IT service partner can help identify if your existing systems are fit for purpose and suggest things that can help mitigate many of these issues. Make sure you speak to your provider to understand what they do to help your business and if they aren’t prepared; find one that is.
How HW Technology can help
HW Technology provide businesses with the reassurance that system and data security is in place, as well as a robust backup and recovery plan. Our managed IT support services and hosted desktop solutions give you peace of mind and reassurance that your systems are maintained and secured correctly.
To find out more, please call us on 0845 504 8989, or complete our contact form.