MGA Independent Retailer Issue 5 September 2021

Page 52

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CORPORATE PARTNER ADVERTISING

NATIONAL

Is my store at risk of a ransom attack? As the number of cyber-attacks continues to rise, protecting the systems and data your supermarket relies on is more important than ever. An increasingly common type of cyber-attack is ransomware, which can have an instant financial impact as well as long-term consequences. As the number of cyber-attacks continues to rise, protecting the systems and data your supermarket relies on is more important than ever. An increasingly common type of cyberattack is ransomware, which can have an instant financial impact as well as long-term consequences. The concept behind ransomware is simple. Hackers encrypt all the systems,

mga.asn.au | September 2021 | Edition 5

files, folders and drives and then demand a ransom to be paid before they reinstate them. Ransomware is cheap to deploy and widespread, so even if only a few victims pay, attackers will likely make a handsome profit. As such, cyber criminals attacking in this way will typically take a “scattergun” approach in targeting their victims. Being attacked by a ransomware

hacker is financially damaging for a business, and if it’s handled badly, the damage to your company’s reputation can be irreparable. So how does that effect my supermarket you’re wondering. Imagine your point of sale, eftpos machines and cash registers were inaccessible for a day; now imagine the financial and reputational damage you’d suffer if they were down for a week.


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MGA Independent Retailer Issue 5 September 2021 by MGA Independent Businesses Australia - Issuu