Ransomware can attack any organization, despite of the sizes

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#Ransomware #Accenture #DanAshton

Ransomware can attack any organization



Ransomware is a cyber-attack on your system where hackers gain access—usually through an infected email or website—then lock your systems down and demand a ransom. And it’s big business. In fact, according to Statista, 308 million ransomware attacks occurred globally in 2020, and the percentage of global businesses victimized by ransomware has risen to 68.5%. A report warns that small and medium-sized businesses (SMBs) are at particular risk based on the attack trends seen during the first six months of the year. During the first half of 2021, 4 out of 5 organizations experienced a cybersecurity breach originating from a vulnerability in their third-party vendor ecosystem. While the increase in attacks affects organizations of all sizes, something that’s under-reported in the coverage of current cyberthreat trends is the impact on the small business community.



Unlike larger corporations, small and medium-sized companies don’t have the money, resources, or staffing expertise needed to counter today’s threats. That’s why they turn to IT service providers – but if those service providers are compromised, those SMBs are at the mercy of the attackers. As seen in the SolarWinds breach last year and the Kaseya VSA attack earlier in 2021, one successful attack means they can breach hundreds or thousands of SMBs downstream. However, when we see the recent attack on the large enterprises, specially into healthcare ,Supply chain and BFSI are facing regular cyber breach, where they don’t have the issue of investments. A report says, Data exfiltration continues to increase. In 2020, more than 1,300 victims of ransomware had their data publicly leaked following an attack, as cybercriminals look to maximize the financial gain from successful incidents. During the first half of 2021, more than 1,100 data leaks have already been published – which projects a 70%.

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  • Watch Ransomware can attack any organization, despite of the sizes Video
    Ransomware can attack any organization, despite of the sizes

    #Ransomware #Accenture #DanAshton

    Ransomware can attack any organization



    Ransomware is a cyber-attack on your system where hackers gain access—usually through an infected email or website—then lock your systems down and demand a ransom. And it’s big business. In fact, according to Statista, 308 million ransomware attacks occurred globally in 2020, and the percentage of global businesses victimized by ransomware has risen to 68.5%. A report warns that small and medium-sized businesses (SMBs) are at particular risk based on the attack trends seen during the first six months of the year. During the first half of 2021, 4 out of 5 organizations experienced a cybersecurity breach originating from a vulnerability in their third-party vendor ecosystem. While the increase in attacks affects organizations of all sizes, something that’s under-reported in the coverage of current cyberthreat trends is the impact on the small business community.



    Unlike larger corporations, small and medium-sized companies don’t have the money, resources, or staffing expertise needed to counter today’s threats. That’s why they turn to IT service providers – but if those service providers are compromised, those SMBs are at the mercy of the attackers. As seen in the SolarWinds breach last year and the Kaseya VSA attack earlier in 2021, one successful attack means they can breach hundreds or thousands of SMBs downstream. However, when we see the recent attack on the large enterprises, specially into healthcare ,Supply chain and BFSI are facing regular cyber breach, where they don’t have the issue of investments. A report says, Data exfiltration continues to increase. In 2020, more than 1,300 victims of ransomware had their data publicly leaked following an attack, as cybercriminals look to maximize the financial gain from successful incidents. During the first half of 2021, more than 1,100 data leaks have already been published – which projects a 70%

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    Adversaries behind ransomware are targeting organizations of all sizes and industries

    Ransomware is a form of malware designed to encrypt files on a device, rendering any files and the systems that rely on them unusable. Malicious actors then demand ransom in exchange for decryption. Ransomware is often designed to spread across a network and target database and file servers, and can thus quickly paralyze an entire organization. It is absolutely true that adversaries behind ransomware are targeting organizations of all sizes and industries. Ransomware encrypts your critical data and can bring your organization to a halt. Mitigation strategies start with awareness and prevention. It is a growing threat, generating billions of dollars in payments to cybercriminals and inflicting significant damage and expenses for businesses and governmental organizations. The attacker makes the private key available to the victim only after the ransom is paid, though as seen in recent ransomware campaigns, that is not always the case. Without access to the private key, it is nearly impossible to decrypt the files that are being held for ransom. After a successful exploit, ransomware drops and executes a malicious binary on the infected system. This binary then searches and encrypts valuable files, such as Microsoft Word documents, images, databases, and so on. The ransomware may also exploit system and network vulnerabilities to spread to other systems and possibly across entire organizations.


    Digital extortion is now the most prominent form of cybercrime, meriting attention to the whole process that companies may go through, including the decision and possible negotiation behind paying ransomware. Ransomware adversaries can appear fearsome to defenders who are facing the direct impact of an attack. Ransomware attackers don’t hesitate to exploit this, with threatening and aggressive behaviour and ransom demands. But it helps to remember that adversaries are human too, and as capable of making mistakes as everyone else. Everything an attacker needs to pu

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    Unsurprisingly, organizations cited the evolving threat landscape as one of the top challenges in preventing ransomware attacks. As evidenced by ransomware surveys, there is a huge opportunity for the adoption of technology solutions like segmentation, SD-WAN, ZTNA, as well as SEG and EDR, to help protect against the threat of ransomware and the methods of access most commonly reported by respondents. The high amount of attacks demonstrates the urgency for organizations to ensure their security addresses the latest ransomware attack techniques across networks, endpoints, and clouds. The good news is that organizations are recognizing the value of a platform approach to ransomware defense.” “A recent report from FortiGuard Threat Landscape says ransomware grew 1070% year over year.



    The survey reveals that most organizations are more concerned about ransomware than other cyberthreats. However, while the majority of organizations surveyed indicated they are prepared for a ransomware attack, including employee cyber training, risk assessment plans, and cybersecurity insurance, there was a clear gap in what many respondents viewed as essential technology solutions for protection and the technology that can best guard against the most commonly reported methods to gain entry to their networks. Based on the technologies viewed as essential, organizations were most concerned about remote workers and devices, with Secure Web Gateway, VPN and Network Access Control among the top choices. While ZTNA is an emerging technology, it should be considered a replacement for traditional VPN technology. Another surprise was secure email gateway at 33%, given phishing was reported as a common entry method of attackers. With this top concern of organizations regarding a ransomware attack was the risk of losing data, with the loss of productivity and the interruption of o

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