The world was hit by a massive cyber security attack last week. Countless organizations and who knows how many individuals around the world were hit by the cyber security attack. Indeed, the United Kingdom’s National Health Service suffered outages, shut downs, and canceled surgeries because of the attacks. It’s believed that as many as 200,000 people were directly targeted. Many more were affected.

With people so dependent on computers, it’s important to make sure that you are protecting your wealth from cyber security threats. First, let’s go over some of the recent developments in cyber security. Then, we’ll go over some quick tips for protecting your wealth from these threats.

“Ransomware” Blamed For Most Recent Attack

The most recent attack was carried out using “ransom ware”. This malicious software works by encrypting files. Then the files are held hostage. If you want to release your files, you have to pay the hackers, usually using bitcoin. They will then decrypt your files. Often, they try to make it seem like they are doing you a favor. They are providing you with a valuable service rather than holding your files hostage.

The attack last week was unprecedented. Usually, these ransomware attacks are small scale. This time around, hundreds of thousands of machine were affected, including hospital computers. It appears that the United Kingdom suffered the worst of the attacks but people around the world were affected and infected. Few cyber security attacks have ever been so widespread.

Besides the National Institute of Health, various other international organizations were hit. These include: US logistics firm FedEx, the German rail company Deutsche Bahn, Spanish telecommunications giant Telefonica, and even Russia’s interior ministry.

As of right now, it is unclear who launched this cyber security threat. Many of the attacks targeted computers that were running on Windows XP, an out of date operating system that Microsoft no longer supports. Microsoft did launch a quick-fix patch to ward off future cyber security threats.

Regardless, attacks are on the rise. Hackers are trying to steal money, compromise systems, and take people’s identities. By doing so,these hackers are ultimately looking to steal your wealth. This means it is all the more important to protect yourself from cyber security threats.

Using Multiple Bank Accounts and Offshoring to Protect Your Wealth

So how can you protect yourself from all of these various cyber security threats? First, there is no way to be 100% protected from attacks. Fact is, hackers and other criminals are always going to be looking for a way to steal your wealth. You can protect yourself, however, with various steps.

First, you should never put all of your eggs in one basket. You should divide your wealth up in terms of bank accounts and countries. Second, you should work with banks that specialize in online banking and security. Luckily, many offshore banks specialize in online banking. Many of these banks also offer very good online security.

By consciously addressing cyber security threats you can greatly reduce the risks. This means your wealth will be protected. However there is no way to ensure that your money and wealth is 100% safe from cyber security threats. Regardless, offshoring and other measures can help you protect yourself and your wealth.