How You Can Foil the Evolving Ransomware Risk

As every organization connects a growing portion of its operations to the Internet, cyberattacks have become a global threat. Some of the most prominent victims of cyberattacks until recently were governments and financial institutions. With ransomware risk rocketing into the tens of millions of dollars, there is no disputing that it has evolved to unprecedented levels of complexity. There are numerous reasons for this, including unsecured home networks used by employees, stealth attacks by bad actors, and easy money gained from ransomware attacks. This article at BizTech by Doug Bonderud discusses ransomware risks and how businesses can protect themselves.

The Sophisticated Ransomware Risk

Per Dmitriy Ayrapetov, Vice President of Platform Architecture at SonicWall, “Many companies are now five to seven years ahead of their previous plans for digitization.” “What this means is that attack surfaces are bigger and more fragile.” The shift to commercialized attacks also influences ransomware’s proliferation. Using ransomware as a service option by attackers, who had previously been writers and operators, marked the transition to a channel-based approach. Ransomware as a service organization operates like affiliate networks, allowing would-be hackers to access prebuilt ransomware tools in exchange for a defined share of their revenues.

Attackers are now aware of the importance of vulnerabilities for successful ransomware assaults, as Ayrapetov pointed out before. Additionally, malicious actors have evolved past the single-extortion phase, where they demanded bitcoin or another kind of money in exchange for the release of crucial files. Attackers now demand payments, threaten to expose information, and sift through data to locate a list of contacts, clients, or patients to extort them.

The change in strategies and methods, in Ayrapetov’s opinion, suggests that ransomware risk will not disappear anytime soon. He states that today’s cybercriminals display deliberate surveillance, planning, and execution to target their victims surgically.

Protecting Against Ransomware Risk

Ayrapetov proposes a multifaceted strategy to lower the ransomware risk. That will help in focusing on identifying assaults before they enter business networks and defending against intrusion when — not if — attacks take place. You can use a multi-engine sandbox architecture. This incorporates complete system emulation, virtualized sandboxing, hypervisor-level analysis, and RTDMI with SonicWall’s Capture Advanced Threat Protection (ATP) solution. Although there is no infallible way to thwart an attacker’s efforts, a multifaceted strategy for prevention can considerably lower the danger of ransomware.

To read the original article, click on https://biztechmagazine.com/article/2022/03/why-ransomware-keeps-growing-and-what-businesses-can-do-about-it

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