GoldSky Security Security Incident

February 28, 2023 Tags: No Comments The globalization of the internet and the increased usage of intelligent devices have revolutionized how we work, communicate, and process information. But as technology has become more advanced, so too have the associated risks. The internet has become a breeding ground for cybercriminals using advanced techniques and tools to exploit vulnerabilities across digital infrastructures. Their goal is often corporate espionage, operational disruption, phishing scams, or other malware infections like advanced ransomware attacks, which can directly impact business continuity. This article discusses the top ransomware-causing threats expected to cause digital mayhem for small and medium-sized businesses (SMBs) in 2023, their propagating elements, and the benefits of involving a third-party cybersecurity advisory firm in the ransomware risk assessment process. Ransomware-Causing Threats Ransomware is typically spread through several tactics, techniques, and procedures (TTPs), including email phishing, infected websites, or software supply chain vulnerabilities. Once a ransomware code infects a system, it can quickly spread throughout an organizations network, infecting all connected devices. However, one of the most significant challenges associated with ransomware is the difficulty of identifying and tracking the attackers, whose TTPs vary in sophistication. Two top ransomware-causing threats in 2023 are data breaches and cybercrime; these threats are not necessarily novel, but they leverage social engineering, unpatched vulnerabilities, remote desktop protocol (RDP) attacks, lack of threat intelligence, and poor security awareness training. However, with the rise of AI capabilities, ransomware actors are not slowing down; enhancements to attack speed, accuracy, precision, and the democratization of ransomware infrastructures will add layers of sophistication to data breach and cybercrime incidents in 2023. Therefore, we expect to see...

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