The number of cyberattacks which aim for locking and blocking systems for blackmail is on a downfall trend.
By looking at the detection numbers, we saw a 25 percent drop in compromised records as ransomware and worms which spread this malware in the cyberspace.
In 2017, ransomware was far the more lucrative than stealing data in bulk and selling these dumps in the web’s underbelly.
Ransomware, such as WannaCry and NotPetya, infects systems most often through phishing campaigns and malicious executables.
Once a PC is compromised, the malware then encrypts files before showing up a warning note în which cybercriminals explain that if the victim does not pay up, they will never receive a key to decrypt their systems.
This cybersecurity problem can be easily avoided by implementing a cybersecurity solution inside every device, so don’t let your guard down depending of which OS your device is running it is mandatory to install an antivirus for Windows or antivirus for Mac.
If you are a company the install of antivirus is only the first layer of security, you must contract a cybersecurity company that will carry some advance cybersecurity tests to your company networks, like penetration tests, and ethical hacking tests.
Sadly is the fact that companies, still, pay up enormous amounts of money in the hopes of retrieving lost files, especially when infections impact core services such as hospitals.
It is estimated that the global WannaCry ransomware campaign alone cost organizations upwards of $8 billion in damages over 2017.
Record breaches are still of concern. In 2017, over 2.9 billion records were reportedly breached, which is down from 4 billion in 2016. Human error is often at fault. In total, 70% of compromised records were due to misconfigurations in cloud infrastructure. This is also a 424% increase from 2016 as a cause for compromised records.
The financial services industry was the most targeted by cybercriminals in 2016 due to the lucrative information which can be used to empty bank accounts, make fraudulent transactions and withdrawals, and may also be used in identity theft.
This area is now the third-most attacked at 17%, behind IT companies which are at 33% and manufacturing companies with 18%.
In conclusion, it can be said that last year, there was a clear focus on ransomware attacks by. These attacks have proven to be more costly to companies than a traditional data breach. The ability to anticipate these attacks and be prepared will be critical as cybercriminals will continue to evolve their tactics to what proves most lucrative.
This is the best cybersecurity pieces of advice for companies that want to prevent future ransomware cyber attacks:
1. Always update and backup your important files regularly and verify that the backups can be restored.
2. Do not use pirated software or download paid software offered for free.
3. Don’t download anything that came from shady sources.
4. Don’t use or download any keygen, password cracking or license check removal software
5. Don’t open or download any email attachments from unknown or unexpected senders
6. Install and use at least one cybersecurity solution like an anti-malware or an anti-ransomware tool
Ransomware attacks represent reality for all major companies, and unfortunately, this kind of cyber attacks will keep coming. However, there are steps companies can take to protect and secure themselves which includes adopting a top cybersecurity solution like an antivirus, implementing robust procedures for patching software and technologies against security vulnerabilities and hiring a specialized cybersecurity firm that would run extra tests like penetration test and ethical hacking test on their network. Maintaining a routine like this closes potential holes in company infrastructure.
Ransomware spreads like wildfire and is the most time critical of cyber threats. The ability to detect the pre-cursor behaviors if ransomware is the only way to get ahead of the attack. Unfortunately, that’s almost impossible to do if you are unprotected. To be safe and secured against ransomware like this, depending on which version of OS your device runs, please install an antivirus for Windows or antivirus for Mac.