security-265130According to Get Safe Online, UK businesses reported a total loss of £1,079,447,765 from online crime in 2015. That is a staggering amount.

The figure could also be even higher, because many companies may decide not to report these incidents to the police. Between 2013 and 2014, there was a 22% increase in online crime reports, and that number continues to rise.

What to look out for:

  • Mandate fraud – where cyber criminals pretend to be an organisation that requires direct debit details. This type of attack rose by 66% in 2015.
  • CEO fraud – where the cyber criminal poses as a senior manager and asked employees to transfer money into a fraudulent bank account.
  • Extortion – where the company network is held hostage and demands a ransom. Ransomware is a common threat that is becoming more and more popular due to how easy the viruses are to make.
  • Corporate employee fraud – where employees, either former or current, sell sensitive information to fraudsters. 1,440 reports were made last year.
  • Hacking – where criminals infiltrate the company’s accounts or network to access private information.

How to avoid attacks like these threats:

  • Educate your staff – know what the risks are, and help them to spot and understand these threats.
  • Secure your network – configure your computers so that they only allow staff to access what they are intended to. Use boundary firewalls and internet gateways to block unwanted traffic.
  • Protect your property – help to prevent attacks with up-to-date and reliable virus protection.
  • Restrict access – passwords should not be shared and should be as secure as possible.

If you have any worries about your computer security, get in touch with our team on 0800 9520652, and we’ll be happy to help keep your company secure.