Ransomware is a type of malware that encrypts a victim’s files and demands a ransom payment in exchange for the decryption key. Ransomware attacks can be devastating for businesses, as they can lead to the loss of data and productivity.
The threat to UK businesses
The UK is one of the most targeted countries in the world for ransomware attacks. In 2022, there were an estimated 1.5 million ransomware attacks in the UK, up from 600,000 in 2021. The cost of ransomware attacks to UK businesses is also significant. In 2022, the total cost of ransomware attacks to businesses in the UK was estimated to be £7.5 billion (NCSC, 2023).
How to protect your business from ransomware
There are multiple things you can do to protect your business from ransomware, including:
- Have a good backup plan in place. This will allow you to restore your data if it is encrypted by ransomware.
- Use strong passwords and keep them confidential. Ransomware attackers often target weak passwords, so it is important to use strong passwords and to keep them confidential.
- Keep your software up to date. Software updates often include security patches that can help to protect you from ransomware attacks.
- Train your employees about cyber security best practices. This will help them to identify and avoid phishing emails and other scams that can lead to ransomware attacks.
Ransomware is a serious threat to UK businesses. By following the tips above, you can help to reduce your risk of being infected with ransomware.