Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Business > PETYA RANSOMWARE ATTACK: HOW UK BUSINESSES CAN STAY PROTECTED ONLINE
    Business

    PETYA RANSOMWARE ATTACK: HOW UK BUSINESSES CAN STAY PROTECTED ONLINE

    PETYA RANSOMWARE ATTACK: HOW UK BUSINESSES CAN STAY PROTECTED ONLINE

    Published by Gbaf News

    Posted on July 6, 2017

    Featured image for article about Business
    • The recent Petya attack hit companies across Europe and the US
    • Ebuyer offers businesses across the UK tips on how to protect themselves from online ransomware

    Yesterday businesses and organisations across Europe and the US were hit by a large-scale cyber attack, known as Petya, leaving them unable to access systems and data.

    Petyais a form of ransomware, meaning it is a computer virus which encrypts files and keeps them encrypted until the hacker receives payment. Petya takes advantage of vulnerabilities in old Microsoft Windows systems, leaving anyone without the latest version in jeopardy.

    So far, Petya has infected high-profile victims including advertising giant WPP, French construction materials company Saint-Gobain and Russian steel and oil firms Evraz and Rosneft. The attack was first reported in Ukraine, where the government, banks, state power utility and Kiev’s airport and metro system were all affected.

    With this in mind Ebuyer.com, shares five ways businesses can protect themselves against online ransomware:

    IT managers and directors should be taking regular steps to ensure their network is secure and all security software is up to date.

    Gateway security (a machine through which data packets flow) should be employed and next-generation firewalls installed to allow for deep-packet inspection – a form of computer network packet filtering that examines data as it passes an inspection point. This will help identify hidden threats passing into your network.

    Implement internal monitoring and endpoint protection; a method of protecting corporate networks when accessed via remote devices such as laptops or other wireless and mobile devices. This will prevent malicious files from gaining access to the network by human error.

    It is essential that a reliable and thoroughly tested backup solution be put in place. This should be segregated from the rest of the network to prevent malware from spreading to it once infected.

    Ensure systems are up to date and supported for exploit patches.

    New data protection laws are coming into play in May 2018 which will replace the current Data Protection Act (DPA) with the General Data Protection Regulation (GDPR).

    Businesses need to ensure that their systems are fully protected in order to minimise the risk of breaches. Protecting malware from gaining access is also essential for any company which relies on its network or software to run its service.

    Paul Lyon, IT Director at Ebuyer, said: “The cyber attacks on such large companies and the resulting fallout have once again brought into focus the importance of security both at home and in the office. Ransomware has been around for some time but this is by far the most high-profile attack.

    “Cybercrime is a growing industry and criminals are becoming significantly more sophisticated and their attacks more destructive. New threats are constantly being developed. Businesses of all sizes, as well as the ordinary home user, are vulnerable to attacks and should always be on their guard.”

    To find out more about ransomware and how you can protect yourself, please visit: http://www.ebuyer.com/blog/2017/05/ransomware-and-how-you-can-protect-yourself/

    • The recent Petya attack hit companies across Europe and the US
    • Ebuyer offers businesses across the UK tips on how to protect themselves from online ransomware

    Yesterday businesses and organisations across Europe and the US were hit by a large-scale cyber attack, known as Petya, leaving them unable to access systems and data.

    Petyais a form of ransomware, meaning it is a computer virus which encrypts files and keeps them encrypted until the hacker receives payment. Petya takes advantage of vulnerabilities in old Microsoft Windows systems, leaving anyone without the latest version in jeopardy.

    So far, Petya has infected high-profile victims including advertising giant WPP, French construction materials company Saint-Gobain and Russian steel and oil firms Evraz and Rosneft. The attack was first reported in Ukraine, where the government, banks, state power utility and Kiev’s airport and metro system were all affected.

    With this in mind Ebuyer.com, shares five ways businesses can protect themselves against online ransomware:

    IT managers and directors should be taking regular steps to ensure their network is secure and all security software is up to date.

    Gateway security (a machine through which data packets flow) should be employed and next-generation firewalls installed to allow for deep-packet inspection – a form of computer network packet filtering that examines data as it passes an inspection point. This will help identify hidden threats passing into your network.

    Implement internal monitoring and endpoint protection; a method of protecting corporate networks when accessed via remote devices such as laptops or other wireless and mobile devices. This will prevent malicious files from gaining access to the network by human error.

    It is essential that a reliable and thoroughly tested backup solution be put in place. This should be segregated from the rest of the network to prevent malware from spreading to it once infected.

    Ensure systems are up to date and supported for exploit patches.

    New data protection laws are coming into play in May 2018 which will replace the current Data Protection Act (DPA) with the General Data Protection Regulation (GDPR).

    Businesses need to ensure that their systems are fully protected in order to minimise the risk of breaches. Protecting malware from gaining access is also essential for any company which relies on its network or software to run its service.

    Paul Lyon, IT Director at Ebuyer, said: “The cyber attacks on such large companies and the resulting fallout have once again brought into focus the importance of security both at home and in the office. Ransomware has been around for some time but this is by far the most high-profile attack.

    “Cybercrime is a growing industry and criminals are becoming significantly more sophisticated and their attacks more destructive. New threats are constantly being developed. Businesses of all sizes, as well as the ordinary home user, are vulnerable to attacks and should always be on their guard.”

    To find out more about ransomware and how you can protect yourself, please visit: http://www.ebuyer.com/blog/2017/05/ransomware-and-how-you-can-protect-yourself/

    Related Posts
    Five questions to ask before stepping into Employee Ownership
    Five questions to ask before stepping into Employee Ownership
    Cybersecurity as a Profit Engine: Turning Financial Services Security into Measurable Business Value
    Cybersecurity as a Profit Engine: Turning Financial Services Security into Measurable Business Value
    How Investability Helps Companies Navigate Transformational Times
    How Investability Helps Companies Navigate Transformational Times
    88% of UK and US organisations concerned about state-sponsored cyber attacks as national threat levels surge, IO research reveals
    88% of UK and US organisations concerned about state-sponsored cyber attacks as national threat levels surge, IO research reveals
    One in three SME leaders do not fully understand cash flow, despite 82% facing cash flow problems
    One in three SME leaders do not fully understand cash flow, despite 82% facing cash flow problems
    Inside the Company that Predicted the Remote Work Mega-Trend Before It Became Mainstream
    Inside the Company that Predicted the Remote Work Mega-Trend Before It Became Mainstream
    SEO Consultant Adrian Czarnoleski on How to Increase Business Value Before Exit
    SEO Consultant Adrian Czarnoleski on How to Increase Business Value Before Exit
    No SOC 2, No Deal: Why You’re Already Losing Clients - and What You Can Do About It
    No SOC 2, No Deal: Why You’re Already Losing Clients - and What You Can Do About It
    Jose Tolosa Guides Organizations Forward with Clarity, Purpose, and Integrity
    Jose Tolosa Guides Organizations Forward with Clarity, Purpose, and Integrity
    Reducing Freight Costs to Drive Global Trade Expansion
    Reducing Freight Costs to Drive Global Trade Expansion
    The Psychology of Music in the Modern Workplace
    The Psychology of Music in the Modern Workplace
    Revealed: Low-Cost/No-Cost Marketing Hacks For Results Oriented Businesses
    Revealed: Low-Cost/No-Cost Marketing Hacks For Results Oriented Businesses

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Business PostDELOITTE LAUNCHES BUSINESS GUIDE FOR IRAQ
    Next Business PostBREXIT: A YEAR IN RETAIL

    More from Business

    Explore more articles in the Business category

    Finance teams still stuck in spreadsheets as manual processes stall digital transformation

    Finance teams still stuck in spreadsheets as manual processes stall digital transformation

    The Future of Remote & Hybrid Leadership: Leading With Data-Driven Foresight

    The Future of Remote & Hybrid Leadership: Leading With Data-Driven Foresight

    2025-2030: The Next Technological Innovations for Business

    2025-2030: The Next Technological Innovations for Business

    The CFO’s New Playbook: 5 Ways AI Is Redefining Finance with Insights from Rishi Oberoi

    The CFO’s New Playbook: 5 Ways AI Is Redefining Finance with Insights from Rishi Oberoi

    Revolutionizing Payments: Secure, Scalable, Sovereign

    Revolutionizing Payments: Secure, Scalable, Sovereign

    Why Trademark Abuse in Paid Search Is a Growing Risk for Financial Institutions

    Why Trademark Abuse in Paid Search Is a Growing Risk for Financial Institutions

    E-commerce Customer Service: Tips

    E-commerce Customer Service: Tips

    When to Automate Your Warehouse: The Tipping Point for Operations Growth

    When to Automate Your Warehouse: The Tipping Point for Operations Growth

    Hurt at Work? 5 Financial Facts You Need to Know

    Hurt at Work? 5 Financial Facts You Need to Know

    Against the Odds: Resilience in Consumer Subsectors Offers Prime Opportunities for Investors

    Against the Odds: Resilience in Consumer Subsectors Offers Prime Opportunities for Investors

    Empower Your Workforce With Financial Wellness This Labor Day

    Empower Your Workforce With Financial Wellness This Labor Day

    Build a brand that stands out with five simple strategies, from defining your UVP to using storytelling and building loyalty. Find out more.

    Build a brand that stands out with five simple strategies, from defining your UVP to using storytelling and building loyalty. Find out more.

    View All Business Posts