The most significant features is that what were once to be small ransomware attacks directed at people are now complex ransomware operations, often referred to in the field of RansomOps that have been aided by the expanding and extremely unique Ransomware Economy.
This is a change from the usual ransomware threat in the past, where attackers utilized "spray and pray" tactics against victims, and demanded minimal ransoms. The days of "spray and pray" are over... except for the only a handful of.
They are however targeted, sophisticated attacks that are like an APT attack that aims at gaining access to as much of the systems as possible before unleashing their ransomware attack. They are aiming to boost the effectiveness of their attacks so that they can demand ransoms which can be at least a few thousand dollars.
Cybereason recently published an informative white paper on the subject, titled RansomOps inside of the Complex RansomOps as well as the Ransomware Economy in which we discussed how the world of ransomware has drastically changed over the last couple of years, moving from a small business that was targeted at nuisance attack, to complex business strategy that's highly efficient and highly specialized with an increasing level in technological advancement and advancement.
The study looked into the ways that ransomware vendors are shifting away from large-scale attacks that are not requiring for ransom and instead focusing on more targeted, custom attacks aimed at specific companies that have been selected because of their capacity to pay for large-scale ransom demands.
What's the cause behind the rise in RANSOMWARE attacks?
1. Are you concerned that your computer is
being affected by Ransomware? Here are
three things you can do immediately
What's the cause behind the rise in
RANSOMWARE attacks?
The most significant features is that what were once to be small ransomware attacks
directed at people are now complex ransomware operations, often referred to in the
field of RansomOps that have been aided by the expanding and extremely unique
Ransomware Economy.
This is a change from the usual ransomware threat in the past, where attackers
utilized "spray and pray" tactics against victims, and demanded minimal ransoms. The
days of "spray and pray" are over... except for the only a handful of.
They are however targeted, sophisticated attacks that are like an APT attack that aims
at gaining access to as much of the systems as possible before unleashing their
ransomware attack. They are aiming to boost the effectiveness of their attacks so that
they can demand ransoms which can be at least a few thousand dollars.
Cybereason recently published an informative white paper on the subject,
titled RansomOps inside of the Complex RansomOps as well as the Ransomware
Economy in which we discussed how the world of ransomware has drastically changed
over the last couple of years, moving from a small business that was targeted at
nuisance attack, to complex business strategy that's highly efficient and highly
specialized with an increasing level in technological advancement and advancement.
The study looked into the ways that ransomware vendors are shifting away from large -
scale attacks that are not requiring for ransom and instead focusing on more targeted,
custom attacks aimed at specific companies that have been selected because of their
capacity to pay for large-scale ransom demands.
RANSOMWARE RESPONSE to WARY CISOS
CISOs are conscious of the increasing threats to their security. This is why they tend
to think that ransomware-related attackers are likely to attack their businesses in
2022.
In the research conducted by ITPro Seven out of 10 CISOs declared that they are
likely to be impacted by ransomware attacks within the next year. This is significantly
higher than 53% of firms who experienced an attack within the last year.
The preceding year, Cybereason published a study entitled Attacks on Ransomware as
well as the Actual Cost to the Business and exposed the diverse expenses businesses
face following a ransomware attack. The most important findings that stood out were:
2. • The majority of the victims of ransomware reported that they had suffered a
significant loss of revenue in the aftermath of the attack
• Nearly half of all businesses have had to repair their brand and reputation as a
result of ransomware infections
• The third victims of ransomware have lost their C-level expertise following the
attack.
• Three out of ten firms needed to cut employees because of financial pressures
triggered from the ransomware threat
• One-quarter of victims of ransomware said they had to cease business
operations
To be prepared in case of becoming the victim of ransomware attacks, CISOs need to
know what they should do in the event that their companies are targeted. This is
because the U.S. Cybersecurity & Infrastructure Security Agency (CISA) provides the
following guidelines to follow. Three of them stand out:
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