A digital epidemic is sweeping across the world at a record pace.
Another group attempted topoison water systemsin Florida.
As these cyberattacks become more frequent, businesses, institutions, and individuals are at risk.
How can we keep our systems safe in the face of ever evolving cyberattacks?
The rise of Ransomware as a Service
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But it goes a step further.
Its no coincidence that the recent spate of ransomware attacks has targeted large organizations with an extensive reach.
According to Bhakuni, Crime groups have been conducting small phishing campaigns targeting employees to get their credentials.
Bhakuni says, highlighting a recent cybercriminal trend, They have transformed ransomware into a corporate style supply chain.
We call this ransomware as a service.
These sophisticated cybercrime groups operate like a normal company, complete with marketing teams and customer service.
They even have negotiators who can handle comms with the victims on behalf of their clients.
Any organisation has to consider that either today or tomorrow, they could be a victim.
Preparing for a ransomware attack is the best form of defense, according to cybersecurity experts.
Businesses need to prepare backup solutions and see to it that all these things are tested, suggests Bhakuni.
Antivirus software is an excellent initial line of defence, alongside other measures.
These days, a lot of home users store their critical files or photos in a separate NAS storage.
Being proactive rather than reactive is necessary in todays climate.
Understanding the magnitude of the threat is vital in the fight against cybercrime.
Its exciting because we have more than 400+ people in our CISO department with the same objective.
Its a continuous learning approach.
Although cybercriminals are becoming more advanced in extorting victims, cybersecurity professionals are also innovating in their approach.
Technology is advancing on both sides, so its a cat and mouse game that were playing.
Bhakuni says technologies like machine learning will be helpful in the future fight against ransomware attacks.
Staying knowledgeable about new attacks and continuing to develop an understanding of the ransomware landscape is a necessity.
Sometimes I see organisations claim, Yes, we have the worlds best class security.
But did you ever test that security?
If not, who knows?
While the scale of the situation might be different in your circumstance, the same principles can still apply.
Safety first especially online.
