ConnectWise Security Incident

5/3/2023 | 3 Minute Read Conti ransomware: prepare and protect your clients Topics: Cybersecurity Contents Stay informed to protect your clients and your business. Download the 2024 MSP Threat Report Conti is one of the most notorious cybercrime collectives in the world. Widely known for their aggressive and effective tactics to mount large-scale attacks on organizations of all sizes, Conti ransomware is a reminder of the importance of developing a robust cybersecurity plan for your clients. From using multi-factor authentication (MFA) to monitoring networks for vulnerabilities, use these recommendations to help protect your clients against the possibility of ransomware attacks. What is Conti ransomware? Conti ransomware works by leveraging a ransomware-as-a-service (RaaS) attack model. This model of industrialized cybercrime typically functions by paying affiliates to deploy malware into an organizations IT systems. Once this implementation occurs, it creates a window of opportunity for the primary cybercriminals to infiltrate an organizations network, encrypt data, and then hold this information for ransom. In the case of Conti ransomware, the CIA theorizes that Conti developers likely have a slightly different model: Developers pay the deployers of the ransomware a wage versus a percentage of the proceeds used by affiliate cyber actors. Furthermore, since the widely publicized ransomware attack on the Colonial Pipeline in May 2021, the RaaS landscape continues to evolve, with key players adopting new tactics that draw less attention. Who is behind Conti ransomware? According to statements by the U.K. and U.S., Conti is likely linked to Russian intelligence services , and many of their actions align with Russias international interests. Researchers have also concluded that cybercriminals in the Conti ransomware gang have connections to the Kremlin . In most scenarios, Conti attacks have employed...

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