Skip to content Skip to main menu
I'd like to…

Insight

Cyber Risk Alert

By Andrew Saville on

Cyber risks are continually evolving. This makes it all the more important for you to be up-to-date and have effective response measures in place to insulate yourself against emerging threats.

We would like to bring to your attention the below update from our IT department outlining a notable cyber-threat in circulation which may pose significant threat to your organisation.

Please be advised that there is a ransom ware Cryptolocker virus circulating via email.  This ransom ware that encrypts all files on the user's computer and network drives, arrives by email stating that there is a parcel ready to be picked up from a local Australia Post office.  

If for some reason email this makes its way to you (an external mail filter should prevent this), please delete the email and advise your IT department immediately.

It is nearly impossible to recover the encrypted file and will require data to be restored from backup.  

This issue needs investigating with software/hardware vendors to ensure that everything is up to date and that this is variant of the Cryptolocker virus is blocked.  

If you notice any encrypted files, you should contact your IT helpdesk immediately to minimise the impact of the infection.
NOTE:  Encryption is the conversion of data into a form, called a cipher text that cannot be easily understood by unauthorized people – in short, your text will appear as a string of code - letters, numbers, or symbols.

Regardless of how good your company IT systems are, there is no 100% guaranteed way to protect your data.  A data breach can not only affect your business, it may also negatively impact your clients and customers.

Stolen credit card numbers, financial reports, medical records, birth dates and the loss of sensitive personal data can see you held liable, exposing you to significant financial loss and the fallout of reputational damage.

Cyber Liability insurance can help insulate your company from the consequences associated with a cyber-breach. If you wish to find out more on how you can give greater certainty to the future of your business, please contact us to request a quote:

T | 1300 424 627
E | info@whitbread.com.au

 

LinkedIn WIB narrow
This article is not intended to be personal advice and you should not rely on it as a substitute for any form of personal advice.  Please contact Whitbread Associates Pty Ltd ABN 69 005 490 228 Licence Number: 229092 trading as Whitbread Insurance Brokers for further information or refer to our website.

The Whitbread Channel

News
Computer
Lia de Sousa

Nobody thought we would still be working from home 18 months later when the pandemic began last year. No matter your situation at home, whether you are living alone, home-schooling children, or having to share the same workspace as your partner, we believe it's best to stick to a routine during lockdowns.

Insight
Storm clouds
Renee Cassidy

The recent flooding in NSW and QLD, plus a late season cyclone in WA, are stark reminders that wild weather events are occurring with greater frequency and increasing severity. In light of this, it is important to know what to do in a property claims emergency for both your business and your home.

Having a clear process to follow will help ensure you achieve the best possible outcome in what is a highly stressful situation, where decision making can be clouded.

×

Sign up to our newsletter

Please Enter Valid Email Address

Please Enter First Name

Please Enter Last Name