The UK, and Northern Ireland in particular have some of the highest Ransomware attack rates in the world.
One in five small businesses shut down within 6 months of being attacked by Ransomware.
For the other four in every five businesses that manage to stay open, the costs of recovering range between thousands of pounds and tens of thousands, especially if there are no data backups being tested on a regular basis.
At least 40% of all businesses in Northern Ireland will be attacked by Ransomware this year and 33% of those businesses will lose money.
Far too many business owners think that their business is flying under the radar of hackers because they only have a few employees, or they don’t store customer or employee data. Nothing could be further from the truth.
It doesn’t take much for an attacker know what your business is worth and roughly how much is in your bank accounts and they will adjust the value of the Ransomware accordingly.
Ransomware doesn’t just strike once. Once a business has been targeted it will be targeted again and again.
A lot of attackers are becoming aware of the fact that they can make small amounts of money at a grand scale very quickly if they completely automate this. The attackers we’re seeing are extremely sophisticated — they’re not fussed about creating a file or a fake email and making something look real.
If the attackers send out 100,000 emails and 1,000 users (1%) click the button and lose access to their data, the hackers are charging around £5,000 a piece to decrypt the data, then that’s a significant amount of income right there for doing very little.
The businesses under attack the most are small businesses with less than 10 employees.
Some small business owners can feel like it may be too expensive and too much hassle to apply security updates and regularly backup and test their data. It’s not. It’s inexpensive and absolutely zero hassle. We take care of everything for you. It’s all part of our Managed IT Services, designed specifically for small businesses with less than 10 employees.
Read more about the Data Protection Act and why it is essential to protect your business.
There’s nothing a hacker loves more than an unprotected network.