Cyber Extortion: A Growing Threat to Your Business

Cyber extortion is no longer just a headline-grabbing term. It's a serious threat that could cripple your business. Let's break down what it is and why you should be worried.

What is Cyber Extortion?

Cyber extortion is essentially digital blackmail. Criminals hold your business's data hostage, threatening to damage or leak it unless a ransom is paid. This often involves ransomware, which locks your files until a payment is made. But it doesn't stop there. Some attackers also steal data and threaten to release it publicly – a nasty double whammy known as double extortion.

Why Should You Care?

Cyber extortion attacks are skyrocketing. Small businesses are especially vulnerable. In fact, they're four times more likely to be targeted than larger companies. And the numbers are staggering: 1,046 businesses fell victim to double extortion in the first quarter of this year alone.

Every business is at risk, but some industries are hit harder. Manufacturing, professional services, and healthcare are among the most targeted. And guess what? Cybercriminals are increasingly targeting the UK, with a 96% increase in attacks.

Protect Your Business

Don't let fear paralyse you. You can take steps to protect your business:

• Back up your data: Keep copies of your important files safe and offline.
• Keep software updated: This patches up security holes that criminals exploit.
• Use strong passwords and multi-factor authentication: Make it harder for hackers to access your systems.
• Limit user access: Only give employees access to the information they need to do their jobs.

Cyber extortion is a serious threat, but with the right precautions, you can significantly reduce your risk. At CHS Networks, we're experts in keeping businesses safe. Let's work together to protect your business.

Want to learn more about how to safeguard your business from cyber threats?

Get in touch with CHS team today.

Feeling Tech-Lost?

Trust a company led by seasoned tech veterans who know the industry inside and out. At CHS Networks, we understand the unique challenges you face. For over 26 years, we've been the trusted IT partner for businesses in Kent, London, and Southeast England, tackling countless challenges head-on. Through this experience, we've evolved into a forward-thinking team dedicated to one thing: your success.