Ransomware – The Biggest Cyber Threat of 2020

As one year closes and another one begins, it’s always worth sitting down and taking stock. At Somerbys IT, we do this for a number of reasons, not least to look at what the major cyber risks are likely to be for the upcoming year. This way, we can stay ahead of the game and keep our clients as safe as possible.

For 2020, it’s plain to see that one of the biggest threats is ransomware. Travelex has been all over the news lately after a cyber-breach was detected on New Year’s Eve. Hackers gained access and threatened to release customers’ personal data, including payment card details, unless Travelex paid them £4.6 million. 

We are seeing more attacks on smaller businesses year on year, and whilst technology and cybersecurity advance at great pace, ransomware is right on their heels – morphing, evolving, and being operated by ever more intelligent hackers. And the statistics prove it…

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