In this East Midlands Cyber Security Forum event we looked at what ransomware is; how it can effect your business; and the steps to protecting your business from ransomware attacks in the future.
This event originally happened on 13th October 2016 at the University of Nottingham.
Ransomware is on the rise! A survey from 2016 revealed that 54% of businesses in the UK have been targeted by a ransomware attack. With 58% of these organisations paying the ransom, it is becoming a preferred and successful method for cyber criminals.
Ransomware works by infecting a computer and performing a reversible act, such as encrypting all the files and then requesting a ransom is paid, for the information needed to unencrypt the files. The ransom is often paid in bitcoins – an untraceable electronic currency.
Mark Chimley, Director of Genus One
Mark covered the main points of the evening and looked at the history and what is ransomware, and how it can effect your business.
We also created a short video of Mark’s presentation, which gives a brief summary of the things he discussed.
Find out more about ransomware in a new survey from Trend Micro, which uncovers the true scale of the ransomware threat of today for businesses.
Mark has also written this blog post on ransomware.
Ransomware panel discussion
There was also an opportunity to ask questions to a panel of experts on how to secure and protect your business from a future attack. The panel was made up of:
- Daniel Lawrence, Detective Inspector and National Coordinator for Cyber PROTECT, National Police Chiefs’ Council (NPCC), based at the National Cyber Security Centre
- Matt Roberts, IT Manager of ESG Rail
- Mark Chimley, Director of Genus One
- Colin Robbins, Managing Consultant of Qonex
National Cyber Security Centre (NCSC)
One of the heavily discussed items at the event was the Cyber-Security Information Sharing Partnership (CiSP) – a platform to exchange cyber threat information in real time, in a secure, confidential and dynamic environment.
Shortly after the event the NCSC issued this guidance on the NCSC website.
DI Daniel Lawrence can be contacted via email or alternatively the main number for the NCSC is 0300 020 0964.
On the panel, we also had Matt Roberts who has experienced first hand ransomware attacks at ESG Rail. He shared his experiences and explained how they dealt with the attack.
Colin Robbins filmed a short video outlining the key points from the panel discussions.
Colin has also written a blog article on the 3 key ways to stop ransomware.
Here is the set of slides from this event, which outline the format of the evening and highlight some of the recent cyber security news in the region.