The dangers posed by cyber attacks were recently highlighted by
the shutdown of foreign exchange firm Travelex by hackers who
blocked access to the company's computer systems and demanded a
$6 million ransom to restore them.
Travelex was forced to close its websites across 30 countries
and more than 5GB of sensitive customer data was downloaded by the
criminals.
The most recent figures available suggest that, in 2018,
businesses paid more than $8 billion in ransoms to cyber attackers
who had blocked them out of their own computer systems. It would
not be surprising if that figure has since risen, having increased
eight-fold since 2016.
What should my business do when hit by a cyber attack?
