Cybereason Security Incident

Back to Cybereason.com All Posts Research Podcasts Webinars Resources Videos News Subscribe Subscribe All Research Podcasts Webinars Resources Videos News Search Subscribe X Search Ransomware Attacks Remain Persistent and Pervasive Written By Dan Raywood Ransomware has been the scourge of businesses for some time now, and it doesnt seem that there is an end in sight where the impact to business is concerned. Recent research found the average ransom payment paid haddecreased by a third in the final quarter of 2020, dropping to $154,108 in Q4 from $233,817 in Q3. This was attributed to victims choosing not to give into demands for payment, not that attacks are diminishing overall. Ransomware purveyors have responded to these trends by adapting their techniques to increase compliance for payment demands. In the past, organizations could take precautionary steps against ransomware attacks by assuring critical data was backed up off-site so it can be restored in the case of a successful attack. Adversaries introduced a double extortion strategy where the targets data is not just encrypted and held for ransom, but is exfiltrated first with the threat of being made public if the victim refuses to pay the ransom demand, effectively undermining data backups as an effective remediation tactic. Speaking on a recent SANS Institute keynote, Chris Krebs, former d irector of the Cybersecurity and Infrastructure Security Agency (CISA) in the United States Department of Homeland Security said one of the issues around ransomware was that businesses were unaware of how much impact there was. We are on the verge of a national emergency, if were not already there, just because of the death of a thousand cuts that ransomware actors lob against us Krebs said . He also claimed that while nation state actors will tend to be more elusive after entering a network, ransomware attackers walk in, waving their flag on your screen and telling you what they are up to. Ransomware Driving...

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