How Businesses Are Fighting The Threat Of Ransomware Attacks
Ransomware attacks are increasing in frequency and severity, and represent the biggest cybersecurity threat to businesses and organisations today. They involve a malicious actor encrypting sensitive or critical data and demanding payment for its release. Such attacks damage businesses financially, disrupt operations and compromise public trust.
Here’s a look at the latest measures the government is taking to counter the growing threat of ransomware attacks, and how our cyber security services in Leeds and the surrounding areas can help.
New public consultation to seek views on ransomware strategy
The National Cyber Security Centre (NCSC) reports that the Home Office has launched a public consultation to seek views on three new proposals. The robust measures are designed to tackle ransomware criminals who target businesses and organisations.
Cybercriminals can act from anywhere in the world, with the choice of locations expanding as digital globalisation increases every day. They are also constantly adapting and evolving their strategies to cause maximum impact and increase their financial gains.
Therefore it is essential that governments take proactive steps to monitor and counter international cyber threats and ensure that the UK is not seen as an easy target.
Three proposals will be considered
The consultation will consider three proposals, including the following: a ban on ransomware payments for all public sector bodies and critical national infrastructure; enhanced advice and guidance services for ransomware victims, prioritising payment prevention and powers for the National Crime Agency to block payments to known criminals.
Furthermore, the consultation will seek views on a mandatory reporting regime for ransomware incidents, and increased use of intelligence to warn businesses about emerging ransomware threats and the most prominent and injurious organised ransomware groups.
NCSC head: “Vital step”
Commenting on the consultation’s launch, NCSC CEO Richard Horne said: “This consultation marks a vital step in our efforts to protect the UK from the crippling effects of ransomware attacks and the associated economic and societal costs.”
He added: “Organisations of all sizes need to build their defences against cyber attacks such as ransomware, and our website contains a wealth of advice tailored to different organisations. In addition, using proven frameworks like Cyber Essentials, and free services like NCSC’s Early Warning, will help to strengthen their overall security posture.”
“Organisations across the country need to strengthen their ability to continue operations in the face of the disruption caused by successful ransomware attacks.”
“This isn’t just about having backups in place: organisations need to make sure they have tested plans to continue their operations in the extended absence of IT should an attack be successful, and have a tested plan to rebuild their systems from backups.”
How managed IT services can assist ransomware prevention
A managed IT service can provide tailored cybersecurity strategies, alongside professionals who have knowledge and expertise across a variety of sectors, including healthcare, insurance, education, manufacturing, and many more. This gives you peace of mind that your business is well protected, allowing you to focus on other goals.
Here are some of the measures we can take to manage cyberthreats.
Conducting a comprehensive risk assessment
Our team will assess your current IT infrastructure and cyber security measures to identify any weaknesses and vulnerabilities. We will address any issues, and make recommendations for more effective and advanced cyber security measures.
For example, advanced anti-malware and antivirus tools can be installed on all endpoints such as mobile phones, laptops, desktops and other devices. These tools will also automatically keep all devices updated with the latest security patches.
For an extra level of protection, we can also carry out simulated attacks to test the strength of the security measures and identify any areas that require further action.
Proactive monitoring of threats
Once our team is confident that your IT security is as strong as it can be, we will use the most up to date and advanced tools to proactively monitor the system 24/7 for cyber threats. As soon as any unusual activity is detected, prompt action will be taken to isolate the affected area to stop or contain any malicious software.
Data backup and recovery
It is crucial to regularly back up all critical information and sensitive data to mitigate the threat of a ransomware attack. The more effective your data back up and recovery solution, the less power that ransomware criminals can yield.
We have our own data recovery centre that is protected by robust physical and cyber security measures, so all your critical data can be safely stored off site and recovered quickly in the event of an attack.
Simple steps that all businesses can take now
There are some basic steps you can take today to reduce your risk of falling victim to a cyberattack, including the following:
Educating staff
Many cyber attacks are enabled unwittingly by staff members who are unaware of, or do not follow safety protocols. Hold regular training sessions for employees, particularly those who work with sensitive information and all new starters.
The training should include instructions on how to recognise phishing emails, and the steps to take if any malicious activity is suspected.
Implementing basic security measures
All software should be regularly updated with patches and security updates issued by the provider. Passwords should be strong, and also be regularly changed, particularly after a member of staff has left or transferred to a different department. Use multi-factor authentication for all accounts, devices and IT systems.
Don’t wait until after an attack to protect your business
As we have seen, the threat of ransomware attacks is becoming greater every day. It is impossible to completely prevent your business from becoming a target, but there are plenty of steps you can take to manage the risk.
A proactive approach to cybersecurity is the best way to safeguard your business, and also contribute to the government’s aim to make the UK an unattractive target for ransomware criminals.
