In The News > January 31, 2019

A Study of Infection – Professional Security Online

While several cyber-attacks have spread across the world in a matter of minutes, there has yet to be a coordinated attack that causes catastrophic-level losses. What if there was one?

Malware poses a systemic threat to all companies that rely on connected devices for management and revenue. An infected email, once opened and forwarded to all contacts, within 24 hours could encrypt all data on nearly 30 million devices worldwide. Companies of all sizes and in all sectors would be forced to pay a ransom to decrypt their data or to replace their infected devices.

Ian Smith, CEO Gospel Technology, says: “The Bashe Report excellently outlines the threat of ransomware attacks, especially in terms of the financial consequences. With the risk of attack ever increasing and with the stakes this high, businesses need to consider how prepared they are for cyber-attacks on this scale.”

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