Global Cyber Attacks – the digital influenza that needs more than a tissue.
Global Cyber Hacking is a bit like a web-based apocalypse. It is a large-scale attack that intends to obliterate networks and IT infrastructure around the world. A recent example was the cyber-attack that reached Australian shores earlier in the year, having already done widespread damage in 150 countries. This assault was in the form of ransomware, a malicious software which blocks activity to a computer system until the company pays a ransom. In layman terms, it is effectively the kidnapping of your network until you cough up funds. This extortion plot is just one of a legion of ways that global cyber hacking can occur.
The British health system “NHS” paid a hefty price reputationally due to one of the worst ransomware attacks in history. With their system affected by malware called “Wanna Decryptor” doctors and nurses were turned back to the dark ages of pens and paper to document client information. Its examples like this that highlight just how far-reaching cyber hacking can be. It causes a waterfall effect of damage, reaching far beyond just the technological sphere of business.
Companies at risk of global cyber hacking are jeopardising their client information, their authority as a reputable organisation and effectively their profits. So how can an organisation best place themselves as a highly secure entity, impenetrable to malicious cyber-attacks? Here are some of the examples –
- Look from the inside out – Essentially vet your staff before you hire them. Cyber-attacks are not always the result of shady online characters; there are cases where a malicious employee is the cause of the cyber breach.
- Double up on protection – Make sure that you have a robust security infrastructure in place. This framework comes in the form of anti-virus and firewall protection.
- Insurance for Assurance – There are cyber insurance coverage options that protect in events of extortion and data breaches. This option is particularly relevant to large enterprises who are potentially at risk of great financial losses.
- Lookout Staff – Empower your team to practice vigilance always; for example, make sure they understand the online risks and know how to monitor detection tools. If you haven’t done your due diligence in enforcing security procedures into the business how can you expect Graham from accounts not to open that email containing a free prize?
Truth is no company is ever going to be completely safe from experiencing a cyber-attack, but taking some of these steps to mitigate risk is a good start.