Why The Recent WannaCry Ransomware Attack is Relevant to You

By Hana LaRock | CEO Best Practices

May 31
WannaCry

About two weeks ago, cyber-security made headlines yet again when the WannaCry Ransomware attack hit several large companies around the world. It affected companies globally, reportedly hitting 230,000 computers in 150 countries. It attacked computers running Microsoft’s operating system and asked for a ransom via Bitcoin payments. There were several reasons that this WannaCry Ransomware was so successful in its attack. And, even if you weren’t affected, here’s why the whole situation is relevant to you, anyway.

Have You Been Updating Your Software?

One of the reasons certain companies were vulnerable to this ransomware attack was because they had not updated their systems. Though Microsoft had advised their users to run an update a few months prior to the attack, we know that there are always those that pay no attention to the updates.

This is, of course, one of the factors that make this WannaCry Ransomware attack relevant to you. When it comes to your cyber-security, those updates may seem unimportant. But, they are actually very important. Software companies and operating systems generally do a lot to monitor their vulnerabilities. If they let you know about a potential risk and encourage you to make updates to protect yourself, don’t ignore it.

Are Your Files Backed-Up?

Luckily, the WannaCry Ransomware attack could have been a lot worse if experts hadn’t stopped it in its tracks. However, the virus was still able to get its hands on sensitive information by encrypting the computer’s data files which it had attacked. Of course, the main goal of any ransomware is to hold a ransom (hence the name). Agencies that work to fight against these kinds of attacks encourage victims not to pay up to the hackers. And, if you were proactive enough to have your data files backed up, you won’t have to pay up. Falling victim to a ransomware attack, even one as heavy as WannaCry, won’t be as much of a crisis if you have copies of your data. That being said, you still don’t want that data in the wrong hands.

Which brings us to our next point:

Pay Attention To Your Own Network’s Security

Though it’s important you stay on top of the news to see what new threats are out there, that’s not going to help you if you’ve already been hacked. And, when you’ve got a business to run, it’s not really easy to stay on top of your system all the time, monitoring and checking for risks and if there are risks, patching up your system.

That’s why it’s a good idea to have a third party assess your systems. Those companies affected by the WannaCry Ransomware that knew about the updates but neglected them, could face serious fines. Especially if the hackers got their hands on credit card information of those company’s clients, there could even be lawsuits in order.

Therefore, it’s essential that you have your systems constantly monitored by an unbiased third party. This way, you can not only make sure you and your customers are protected from hacks like ransomware but that you’re also protected against the questions of auditors and regulators.

Though you may wonder what such a large-scale cyber attack like this has to do with you, we promise you that it’s completely relevant.

In the meantime, try our RiskAware™ Cyber Security Scan & Report to see where your security currently stands.