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Rising Threat of ‘Hackers for Hire’ – How End-to-End Encryption Software Safeguards Businesses

By Istvan Lam, CEO of Tresorit

According to a new report from the UK’s cyber security agency, the National Cyber Security Centre (NCSC), the number of ‘hackers for hire’ is set to grow over the next five years, leading to more cyber attacks and increasingly unpredictable threats. This rise in spyware and other hacking tools is anticipated to have a profound impact on the UK’s digital landscape.

Cyber threats are already a huge concern for UK businesses, with cyber-attacks on SMEs up 39% last year from 2020. The new assessment highlights that the threat will not only become greater but also less predictable as more hackers for hire are tasked with going after a broader range of targets. This means any business, of any size and across any industry, could be at risk.

To protect their sensitive information and communications, businesses should take proactive measures. End-to-end encryption software is vital in this regard, providing businesses with a secure and reliable way to protect their data and prevent cyber-attacks.

End-to-end encryption means that every file and relevant file metadata on the device in question is encrypted using a unique randomly generated encryption key. Files can only be accessed with a user’s unique decryption key, ensuring data is stored as safely as possible. This software also provides an added layer of security for businesses that use cloud-based storage and collaboration tools. For example, Tresorit’s content collaboration platform offers businesses ultimate protection, as files stored in the cloud are encrypted before they are uploaded, making it extremely difficult for hackers to access them.

Going without end-to-end encryption is risky. Cyber-attacks can cause maximum disruption, resulting in the theft of sensitive information, destruction of data, thefts of funds, and reputational damage. With 43% of UK businesses identifying a cyber security breach in the last year, organizations should put this extra layer of protection in place.

In addition to end-to-end encryption, businesses should implement regular security audits, run up-to-date antivirus software, use strong passwords, and put in place intrusion detection and prevention systems. Cyber security awareness training for employees is also vital to reduce risks.

Business leaders have a huge responsibility in ensuring their organization is cyber aware and secure. They should have essential discussions about cyber security, communicate the company’s cyber security policy throughout the business, and provide necessary training. The NCSC has launched new resources, such as the Cyber Security Board Toolkit, to encourage senior leaders to treat cyber risks with the same importance as legal or financial risks.

In conclusion, with the growing number of hackers for hire and the increasing risk of cyber threats, businesses should prioritize the highest standard of security and protection for their company’s data and information. Embracing end-to-end encryption and assessing the range of cyber security protection measures in place are crucial. Business leaders play a significant role in ensuring their organization can protect itself from, respond to, and recover from a cyber-attack, data breach, or service outage.

Key Points:
1. The number of ‘hackers for hire’ is expected to increase, leading to more cyber attacks and unpredictable threats.
2. Cyber-attacks on UK SMEs have risen by 39% in the past year, making cyber threats a significant concern for businesses.
3. End-to-end encryption software is essential for protecting sensitive information and preventing cyber-attacks.
4. Going without end-to-end encryption exposes businesses to risks such as data theft, destruction, and reputational damage.
5. Alongside encryption, businesses should implement security audits, use antivirus software, train employees, and have strong leadership in cyber security.

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