Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.


Petya ransomware attack: How UK businesses can stay protected online

  • The recent Petya attack hit companies across Europe and the US
  • Ebuyer offers businesses across the UK tips on how to protect themselves from online ransomware

Businesses and organisations across Europe and the US were hit by a large-scale cyber attack, known as Petya, leaving them unable to access systems and data.

Petya is a form of ransomware, meaning it is a computer virus which encrypts files and keeps them encrypted until the hacker receives payment. Petya takes advantage of vulnerabilities in old Microsoft Windows systems, leaving anyone without the latest version in jeopardy.

So far, Petya has infected high-profile victims including advertising giant WPP, French construction materials company Saint-Gobain and Russian steel and oil firms Evraz and Rosneft. The attack was first reported in Ukraine, where the government, banks, state power utility and Kiev’s airport and metro system were all affected.

With this in mind, shares five ways businesses can protect themselves against online ransomware:

IT managers and directors should be taking regular steps to ensure their network is secure and all security software is up to date.

Gateway security (a machine through which data packets flow) should be employed and next-generation firewalls installed to allow for deep-packet inspection – a form of computer network packet filtering that examines data as it passes an inspection point. This will help identify hidden threats passing into your network.

Implement internal monitoring and endpoint protection; a method of protecting corporate networks when accessed via remote devices such as laptops or other wireless and mobile devices. This will prevent malicious files from gaining access to the network by human error.

It is essential that a reliable and thoroughly tested backup solution be put in place. This should be segregated from the rest of the network to prevent malware from spreading to it once infected.

Ensure systems are up to date and supported for exploit patches.

New data protection laws are coming into play in May 2018 which will replace the current Data Protection Act (DPA) with the General Data Protection Regulation (GDPR).

Businesses need to ensure that their systems are fully protected in order to minimise the risk of breaches. Protecting malware from gaining access is also essential for any company which relies on its network or software to run its service.

Paul Lyon, IT Director at Ebuyer, said: “The cyber attacks on such large companies and the resulting fallout have once again brought into focus the importance of security both at home and in the office. Ransomware has been around for some time but this is by far the most high-profile attack.

“Cybercrime is a growing industry and criminals are becoming significantly more sophisticated and their attacks more destructive. New threats are constantly being developed. Businesses of all sizes, as well as the ordinary home user, are vulnerable to attacks and should always be on their guard.”

Continue Reading

Recent Posts