Kaseya Security Incident

Ransomware- The A-Z You Should Know About One According to this survey conducted by Sophos for approximately 5400 organizations, 37% of these companies were hit by ransomware last year. Consider the Kaseya ransomware attack . This attack was a result of an authentication bypass vulnerability in their VSA web interface. On July 2nd, 2021, the company announced that it had become a victim of a ransomware cyberattack. The attackers had carried out a supply chain cyber-attack. This was accomplished by leveraging a vulnerability in Kaseyas VSA software against multiple managed service providers (MSP) and their customers, affecting up to 1,500 businesses. These stats and information show that ransomware attacks are evolving and continue to be on the rise. With the techniques used by cyber attackers getting sophisticated and targeted, it has become important for cyber security specialists to adopt a holistic approach to this cyber threat. Having said that, let us now look into the details of ransomware. Contents What is Ransomware? How Does Ransomware Work? Ransomware Defense Lifecycle How Can You Avert a Ransomware Attack? How Can You Respond to a Ransomware Attack? Wrap Up About Us What is Ransomware? Ransomware is malware that is used by hackers to hold the victim's (your organization's) critical data at ransom. Here, the sensitive data is encrypted so that you aren't able to access your files, databases, or applications. The hackers further demand a ransom, in turn, to provide you the access. Ransomware is designed by hackers in a way such that it spreads across a network and encrypts all your data files and servers. This type of cyberattack is threatening because it easily paralyzes your entire system, bringing your complete productivity to a grinding halt. Moreover, such incidents harm your business. Your clients may lose trust in your cybersecurity paradigm, thereby hitting hard on your business. Also, you may have to churn out billions of dollars to pay these...

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