As hackers become more advanced and expand their reach and methods, the middle market must increase its focus on cyber security. Just one incident can have significant financial reputational and regulatory consequences.
Contact RSM to see how you can reduce the likelihood of a breach, improve detection, respond to incidents, and begin recovery as soon as possible.
Travelex, ransomware and beyond
2020 saw ransomware gang, REvil, strike Travelex in a hack that forced the foreign exchange company to go offline as the gang held its customers’ sensitive data hostage.
The software virus known as ‘Sodinokibi’ began attacking the firm’s website on New Year’s Eve, forcing Travelex to shut down 30 websites, with demands of $6m (£4.6m) to be paid within two days or risk doubling the payments.
Specialists from RSM’s Global Risk Advisory Services, take a circumspect view of the types of attacks that are on the rise.
Regardless of their digital footprint, any business with a reliance on technology is at risk of cybercrime. RSM’s report assesses the levels of industry awareness of cyber risks, the actions being taken to combat them, as well as the reaction to breaches taking place