Ensuring data protection is an uphill battle as attacker tools and strategies grow more sophisticated over time, and turning to immutable ransomware protection is critical as it offers organizations secure storage that will ensure data protection and quick recovery following an attack.
Declining a ransom payment demand can leave the business at a standstill. Companies achieve better outcomes when they have a strategy and pre-defined path to act instantly and decisively to restore systems, resume operations, and defend against additional actions.
CISA notified 93 critical infrastructure organizations of the presence of a vulnerability that could lead to ransomware attacks, and plans to scale up the program and provide more warnings in the coming months.
Ransomware operators have long targeted systems and data availability of their victims, and have been evolving their attack patterns to include the privacy and confidentiality of victim data as well. Attackers are increasingly pushing for double and sometimes triple extortion of their victims.
76% of ransomware attacks in 2022 were tied to a known vulnerability that was made public between 2010 and 2019, and old vulnerabilities that were discovered as far back as 2015 are still commonly exploited.
2020 and 2021 were record years for ransomware payments at about $765 million. The take collected by ransomware operators is now down 40% to $457 million in 2022.
Surveyed organizations reporting a 61% drop in ransomware attacks but the average cost of ransomware attacks remains high, even as study shows increasing complacency among organizations in keeping vital safety measures in place.
The White House summit brought together leaders from over 30 countries to discuss a global response to the threat of ransomware attacks. Event concluded with a broad variety of proposals including increased private sector engagement.
2021 was the year of ransomware, with attacks almost doubling in 2020. Cyber insurance providers, reeling from an historic couple of years, are maturing their qualification processes and raising the bar for pay-outs, so businesses can no longer rely on insurance alone as a protection and recovery strategy.
The FBI, CISA, and the Treasury Department warned about Maui ransomware attacks by state-sponsored North Korean hackers targeting US healthcare organizations.