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Ransomware Payments Hit All-Time High – What You Need To Do To Protect Your Business

Techcess: embracing technology and success in your business

Release Date: 04/05/2022

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More Episodes

Scary! New phishing dangers being posed to us by Russian 'Conti' hackers!

Do you have a spare half a million pounds to escape from a ransomware attack? If not, you'd best listen to this episode of "Techcess"!

Want to read a transcript of this episode? Click this link;

http://traffic.libsyn.com/techcess/Techess_35_Scary_Russian_Conti_Hackers_transcript.pdf

What is 'Conti'?

Since the beginning of the Russia and Ukraine conflict, cyber hackers have been posing a serious threat to businesses in the UK, US and Europe.

A group called 'Conti' has emerged, which supports Russian President Vladimir Putin and his regime.

They have threatened to launch cyber attacks against any business or individual who speaks out against him.

In this episode, "Techcess" host Mark Riddell explains what businesses and individuals need to do to ensure they're protected from any potential attacks.

If you have any computer connected to the web, it's critical that you listen to the episode!

Not just because you absolutely don't want to be hacked, but on top of that, if you do end up paying a ransom, you might be in trouble with the ICO!

We are not scaremongering!

One thing that we hear a lot from people that really frustrates us as an I.T. cyber security and technology support business is cynical business owners who accuse us of scaremongering.

We have always taken the view that we're not forcing anyone to work with us, and that's reflected in the reviews and testimonials we get from happy customers.

We do really want to help businesses, whether they're working directly with us or not, and for that reason we urge you to take the information contained in episode 35 of Techcess really seriously.

The future safeguarding of your business might just depend on it!

Improved cyber security and protection might be more critical than you think!

All businesses take steps to protect themselves from cyber attacks in today's digital world. But sometimes, those steps aren't enough.

And if you're getting advice from an I.T. provider that's out of its depth due to the growth of your business, then you could be leaving entry points exposed!

Hackers are becoming more sophisticated every day, and it's important to be vigilant against any threats that may be posed to your company data or online reputation.

Tips for preventing a 'Conti' attack or any other for that matter

Here are a few tips for protecting yourself from phishing scams and other types of cyber attacks:

  • Ensure that you have a robust ransomware proof backup in place
  • Get cyber essentials certified.
  • Train your users to be vigilant and spot phishing emails
  • Ensure you have an incident response plan in place

Want to get more 'Techcess' in your business?

Book a free chat with Mark!

Get more valuable technology insights from m3's blog pages, here.

Mark Riddell's technology podcast "Techcess" is an m3 Networks production. Mark and the team have created this podcast to help you and their clients understand how technology can help them in their industry and business, including helping them with cyber security solutions. To find out more about Mark Riddell and the rest of the m3 team, visit them here and follow them on Linkedin.

If you want to get in touch about technology or cyber security, just address an email directly at Mark here. He'll be very happy to hear from you.

Thanks for listening! If you enjoy this episode, make sure you follow the podcast via your favourite app.

Fancy giving the Techcess technology podcast a review and rating? Click here. 

Read a preview of the transcript:

Scary! The new phishing dangers being posed to us by Russian cyber hackers!

Techcess Episode 35

It's Mark here at m3 Networks with another episode of the Techcess podcast.

Now today we're going to be talking about ransomware, and this is not a new topic.

I have spoken about this before in the show but some new information has come out that explains that ransomware payments hit a new all time high last year, and the average payment for ransomware is now reaching over 400,000 pounds and more businesses than ever actually paid to get their data back.

And why is this?

Why can't businesses just recover from a backup?

Well, they can, but the problem is that a lot of ransomware, now, is what we call a double extortion kind of method where not only will they ask for a ransom to get access to your data, they will also ask for a ransom to not leak your data on the dark web.

Of course, if they leak your data on the dark web, then in the UK, you could be subject to further investigations and fines from the information commissioner's office the ICO.

And of course you could be fined there.

And that is another payment that you may have to make.

So a lot of businesses are paying up to prevent the data from being leaked on the dark web.

Now, if you're wondering if there's any particular industries that are affected more by ransomware than any others, then the answer is yes.

There are.

Click here to read more.

 

Techcess is a podcast from m3 Networks

Transcript provided by Podknows Podcasting