HFW warns of increasing cyber security threat to businesses

International law firm Holman Fenwick Willan (HFW) warns of the increasing cyber security threat in its recently issued briefing.

According to Senior Associate Matthew Montgomery: “At the last count, it was estimated that the recent cyber attack (on May 12, 2017) impacted upon 200,000 victims in at least 150 countries. The attack used “WannaCry” malware to disable computer systems and present users with a ransom demand. The systems which suffered the attacks are said to have been vulnerable as they were operating outdated legacy software and because security upgrades had not been properly installed… there is concern that the actual scale of this attack may not yet be known”.

Full briefing can be viewed here.