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The Cyberthreat that Just Won’t Die
21% of organizations were hit by ransomware in the last year. In fact, 30 years since the first attack, ransomware is more devastating than ever.
Download this whitepaper to learn why ransomware has got deadlier over the years, the three new areas where ransomware is starting to take hold, and the technologies and behaviors needed to give you the best possible defense against ransomware.
The Impact of Ransomware
The financial impact of ransomware is huge. When you add together the full costs of remediation, including downtime, people time, device cost, network cost, lost opportunities, and ransom paid, the final sums are eye-watering.
Cost to rectify a ransomware attack
AU $803,875
Ransomware is not new. In fact, the AIDS Information Trojan, the world’s first cyber ransomware attack was released in December of 1989. Since then, cybercriminals have continued to take advantage of developments in both technology and wider society to evolve and finesse their ransomware attacks.
What’s Next for Ransomware?
History teaches us that cybercriminals will continue to exploit changes in technology and society to inflict their ransomware attacks. In essence, ransomware is going to keep evolving.
Three new areas where the dirty tentacles of ransomware are starting to reach
Encryption Free Attacks
Public cloud ransomware is ransomware that targets and encrypts data stored in public cloud services like Amazon Web Services (AWS), Microsoft Azure (Azure), and Google Cloud Platform (GCP). While the public cloud offers lots of advantages, confusion around security responsibilities creates protection gaps that hackers are quick to exploit.
Service provider attacks. As technology and threats become ever more complex, companies are increasingly outsourcing their IT to specialist managed service providers (MSPs). Cybercriminals have realized that targeting MSPs enables them to hold multiple organizations hostage with a single attack. One attack, many ransoms.
Encryption-free attacks. The ability to encrypt files was one of the original core capabilities needed to make ransomware a viable cybercrime. Today cybercriminals no longer need to encrypt your files to hold you hostage. Why? Because they’ll think you’ll pay up just to stop your data going public.