It’s not over yet
The cyber security attack that started last Friday has dominated the headlines around the world. This reflects the power and reach of the latest mutation of malware spread around a connected world. Unfortunately, the recent ransomware outbreak may be the first of a new strain that we will see terrorising any computer connected to the internet.
Hopefully, you were not one of the victims held to ransom but that does not mean you may rest assured that it cannot happen in the future. As you read this, malware developers are building more complex and devious versions that will overcome current defences and countermeasures. This alert is intended to remind you to be vigilant and to apply good discipline on IT systems to avoid disruption and costly incidents.
A few reminders to defend against malware:
Entities with systems that are critical to the wellbeing of the business may invest in more sophisticated defences such as Intrusion Detection Systems (IDS) to combat hacking; internal misuse and irregular activity. In fact, this type of organisation should be managing information security using a systematic programme – one that is likely to need more budget, going forward…
PwC never recommends paying a ransomware - unless there is a threat to life. Doing so fuels the ransomware economy, funding development of additional ransomware techniques and campaigns.
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