Ransomeware
2022 Predictions: 5 Cybersecurity trends we’ll see this year
“Unprecedented” is a word that defined 2020 and 2021. Once the pandemic hit, we saw a record number of businesses implement work-from-home systems to ensure business continuity, remotely and online. With this rise in digital transformation, we’ve witnessed a blurring of the traditional online perimeters needing to be secured. As CrowdStrike notes, today, a company’s network can be on-site, in the cloud, or a hybrid of both, with resources and staff spread across locations. This presents a cybersecurity challenge, giving way to a dramatic increase in exploits. Suddenly, “once-in-a-decade” breaches of the past are now happening monthly, with a laundry list of companies falling victim. This proliferation of cyber-attacks has catapulted the zero-trust security framework into the limelight. Zer...
Ransomware – Hindsight is 20/20
Sourced from Kaspersky Three things many companies wished they had actioned before a ransomware attack. There are few things worse than discovering that your business has been compromised. Be it a phish, ransomware, hack or malicious attack, it’s going to leave a long legacy of damage and complexity behind it. According to Martin Potgieter, Co-Founder and Technical Director at Nclose, “There are three things that most breach victims wished they had checked, or done differently, after they’ve been hit with a ransomware attack.” “The first is to ensure that the company firewall is filtering outbound traffic as aggressively as it is filtering inbound traffic. Once an attacker gets a foothold within a network if there is unrestricted outbound access, they have the freedom they need to do...
Unpacking Lessons from Ransomeware Attacks in 2021
It’s nearly impossible to read the news without seeing at least one headline blaring about a breach, hack or attack. In the USA, the Colonial Pipeline experienced a Darkside ransomware attack that affected more than 10, 000 gas stations. Virgin Active was hit by a hack in early May 2021 and took weeks to re-establish its systems. Vastaamo, a platform that provided therapy to thousands of patients, lost its data to hackers thanks to an unexpected security flaw. The hackers sent ransom demands to patients – pay up, or your personal information is public knowledge. As Stephen Osler, Co-Founder and Business Development Director at Nclose, points out, the criminal networks and masterminds behind digital attacks are doing their jobs and have every motivation to do these jobs extremely well. “The...
Are BaaS Solutions the Answer to Spike in Ransomware Attacks?
With an ever-growing number of people working from home, primarily due to the global COVID-19 pandemic, cybersecurity attacks are on the rise, meaning that dealing with security risks is an ongoing journey for enterprises. IDC predicts that by 2023, 60% of data will be generated at the edge by people working from home and from devices outside of the corporate firewall. While at the same time, many corporate cloud services are already being rendered from locations outside the data centre. This has given rise to ransomware attacks as many employees who are working remotely have their firewalls and access points configured to allow remote access. This has also seen an increase in ransomware attacks against Software-as-a-Service (SaaS) applications. While SaaS applications are generally secure...
6 Ways to Create a Ransomware Mitigation Strategy
Ransomware attack trends continue to evolve, and the current iterations seen during the COVID-19 pandemic are no exception. During this time, malicious actors have attacked healthcare organisations, medical trials, schools, and shipping agencies. Considering the impact these modern attacks can have on organisations everywhere, no matter the industry, security professionals must always be ready to secure their systems, networks, and software in new ways. And according to a recent FortiGuard Labs global threat landscape report, ransomware remains a prolific threat that increased in 2020 and became even more disruptive. Mature cyber hygiene is key Attackers know that end-users are high-target, high-value assets. Ransomware leverages social engineering attacks, preying on fears as a way to exe...
