While it only makes sense to assume that a cybercriminal would focus specifically on those targets that would bring them the greatest profit—in other words, larger businesses—the reality of modern cybercrime renders this assumption grossly outdated. Let’s examine how different developments in ransomware have made it possible for cybercriminals to be far less discerning in who they target.
Ransomware is such a massive threat that all businesses should be aware of the latest news and findings regarding how it spreads and how it can be prevented. According to a recent report, the latest modes of transporting ransomware have been revealed. What can your organization do to keep ransomware off of its network? Let’s find out.
Ransomware has rapidly progressed from an irritating annoyance to a legitimate global threat, with the U.S. Justice Department officially going on the record and establishing that future ransomware investigations will be handled the same way that terrorism cases are now. Let’s review the reasons behind this policy change and how your business should respond.
Last weekend saw a significant cyberattack waged against the world’s largest meat processor and distributor, JBS S.A., that completely suspended the company’s operations in both North America and Australia… and as a result, has impacted the supply chains associated with the company. Let’s examine the situation to see what lessons we can take away from all this.
Headlines have been filled with news pertaining to the recent hack of Colonial Pipeline, which has created significant gasoline shortages up the east coast of the nation. While the pipeline has been restored, the way this was accomplished sets a dangerous precedent. On top of this, the attack seems to have set off bigger infrastructural changes in the political space.
Research has revealed that cyberattacks are spending decreasing amounts of time on their targeted networks before they are discovered. While this may sound like a good thing—a faster discovery of a threat is better than a slower one, after all—this unfortunately is not the case.
If fortune smiles on your company, you won’t ever have to deal with what we are about to discuss: ransomware. For the past several years ransomware has been a major issue for businesses, governments, and individuals. Today, we will talk about ransomware, how there are different strategies, and how some people want to put a ban on ransomware payments.
When it comes to ransomware, we have always stood firm in our recommendation not to pay whoever is responsible for locking down your systems. However, due to the globalized nature of technology and cybercrime, it is even more important that companies don’t attempt to placate their attackers with the demanded funds. Otherwise, warns the United States Treasury Department, these victimized businesses could very well pay severe fines for doing so.
Ransomware is the scariest type of malware out there. It can have a myriad of negative effects on a business, yet it seems to still be on the fringe of the mainstream. Today, we thought we would give somewhat of a refresher course on ransomware.
When people talk about cybersecurity nowadays, there certainly seems to be a lot of emphasis put on phishing attacks and ransomware. This is for good reason. Not only can either of these attack vectors create significant difficulties for a business, they are often used in tandem. Let’s discuss why these threats are so potent, and why they so often show up together.
Let me ask you a question… let’s say that you’re about one year from your projected retirement, when a ransomware attack encrypts all of your files. What do you do? Pack it in and retire early? This is precisely the situation that the practitioners of Brookside ENT & Hearing Services of Battle Creek, Michigan, have found themselves in - and it may not be over yet.
The funny thing about ransomware is that they give them very strange names: Bad Rabbit sounds like the name of a villainous bunny who gets his comeuppance in some type of modern nursery rhyme, not malware that would ravage hundreds of European businesses. Locky seems like the son of Candado de seguridad, a character Medeco would come up with to educate kids on proper physical security. The latest in a long line of funny-named ransomware, SamSam, isn’t a pet name for your pet ferret you perplexingly named Sam, it is one of the worst ransomware strains ever, and it has caught the attention of U.S. Federal law enforcement.
Ransomware doesn’t discriminate with its targets, as the city of Atlanta, Georgia now knows so painfully well. The city became the target of a ransomware attack that crippled many of its critical system workflows. The municipal government suffered from one of the most advanced and sustained attacks in recent memory.
Put yourself in the shoes of a cybercriminal. If you were to launch a ransomware attack, who would be your target? Would you launch an indiscriminate attack to try to snare as many as you could, or would you narrow your focus to be more selective? As it happens, real-life cybercriminals have largely made the shift to targeted, relatively tiny, ransomware attacks.
Students generally love it when classes are cancelled for whatever reason, but thanks to a cybercriminal group called TheDarkOverlord Solutions, a school in Flathead Valley, Montana was disrupted for an extended period of time. This downtime resulted in a disruption of operations for over 30 schools, as well as the threat to the personal information of countless teachers, students, and administrators due to a ransomware attack.
When it comes to Internet threats, ransomware is the one that causes the most fear, especially for small and medium-sized businesses, as it should. According to the Cisco 2017 Annual Cybersecurity Report, ransomware is growing at a yearly rate of 350%. It’s time to make sure that you’re doing what you can to stop your business from becoming another ransomware statistic. Here’s five very good tips that will help you avoid becoming a victim of the next big ransomware attack!
Ransomware is a tricky piece of malware that locks down the precious files located on a victim’s computer, then (in theory) will return access to them when a ransom has been paid. Depending on the files stored on a victim’s computer, they might simply blow it off and not worry too much about losing access to a couple of pictures or videos--but what if this ransomware threatened to expose your web browsing history?
On May 11th, 2017, the world was introduced to the WannaCry ransomware. The ransomware spread around the globe like wildfire, infecting hundreds of thousands of devices and catching many major organizations and businesses by surprise. The full extent of the ransomware’s damage is still being assessed, yet, one thing we do know: this whole fiasco was preventable.
If fiscal reasons have stopped you from securing your network against ransomware thus far, you may want to reconsider your strategy. Not only are attacks still becoming more and more prevalent, but the developers of ransomware have lowered the price of admission for aspiring cyber criminals. Fortunately, there are some steps you can take to keep your business protected against a ransomware attack.
2016 saw many notorious data breaches, along with developments in malware and other threats to security. It’s always helpful to reflect on these developments so that the knowledge can be used in the future to aid in developing new strategies for taking on the latest threats. How will your business learn from the mistakes of others in 2017?
