Ransomware is going to be the top-notch cyberthreat in 2023

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  • Education revolution in Punjab ❤️The transformation we all deserve! #punjab #punjabgovernmentschool

    Education revolution in Punjab ❤️The transformation we all deserve! #punjab #punjabgovernmentschool

    Education revolution in Punjab ❤️The transformation we all deserve! #punjab #punjabgovernmentschool

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    By AAP| 194 views

  • Securing digital economy: Reinventing cyberthreat intelligence

    Securing digital economy: Reinventing cyberthreat intelligence

    #Digitalworld #ChipManufacturingPlant #Taiwan

    The digital world is vulnerable



    India is witnessing exponential growth in the adoption of digital technology across sectors and institutions, enabling a large number of people to avail themselves not only of services and conveniences but also governance solutions. The rise of digital has also been accompanied by growing need for cyberthreat intelligence and protection, to proactively minimize risks and ward off cyberattacks. Threat intelligence is about identifying and analyzing cyberthreats targeting a business. IT specialists use sophisticated tools to read threats and analyse them, applying historical knowledge to identify a real threat apart from one that is not, and then applying a solution to mitigate it. The better and more comprehensive the tool, the more robust is threat intelligence. While enterprises and institutions are waking up to the actual scale of dangers posed by weak cybersecurity systems targeting not only finances but also user data, Kaspersky, a global cybersecurity company, has urged players to take speedy steps to strengthen their cybersecurity systems as the only way to protect not only their funds and data but also their reputation and the consumer’s trust in their ability to service them.



    Secondly, it is now official that, the online gaming software simulated a number of cyberthreat incidents, for which were highlighted a range of solutions. As a result, participants were reminded of the various kinds of vulnerabilities that exist in the digital world and the counter-measures required for it. While large businesses have woken up to cyberthreats, a lot more awareness is needed. Media’s role in making medium- and small-sized businesses and institutions aware of these risks and urging them to take steps in the right direction is seen as crucial. On the other hand, large businesses too need to keep investing in latest cybersecurity solutions to ensu

    By VARINDIA| 11 views

  • Can we control Ransomware & Other Advanced Cyber Attacks?

    Can we control Ransomware & Other Advanced Cyber Attacks?

    Can we control Ransomware & Other Advanced Cyber Attacks?

    Can we control Ransomware & Other Advanced Cyber Attacks?

    By VARINDIA| 10 views

  • The ransomware situation in India is worrying

    The ransomware situation in India is worrying

    As many as 78% of Indian organisations were hit with ransomware in 2021, up from 68% in 2020, and some of the entities paid over Rs 76 crore as ransom to get their data back, cybersecurity firm Sophos said in the report. As per the report, the average ransom paid by Indian organizations that had data encrypted in their most significant ransomware attack was USD 1,198,475 (around Rs 9 crore) with 10 percent of victims paying ransoms of USD 1 million or more and some 10% of victims paid ransoms of $1 million or more. Three companies in the survey admitted to having paid a ransom of USD 10 million and more to get back their data and keep it safe. The ransomware situation in India is worrying. The numbers of victims, ransom payments and the impact of these attacks continued to rise during 2021, at considerable cost. The survey covered the impact of ransomware on 5,600 mid-sized organizations in 31 countries across Europe, the Americas, Asia-Pacific and Central Asia, the Middle East, and Africa, including 300 in India. The report found that 78 percent of organizations that had data encrypted in a ransomware attack paid the ransom in 2021 and it was the highest rate of ransom payment reported across all 31 countries surveyed.

    Ransomware attacks include attackers sending malware to your phones and other devices, which then proceeds to infect your devices and servers, eventually locking you out of them and preventing any access to your files and data. At this point attackers usually demand a ransom in exchange for getting access to your files again. While the average expense of recovering from an incident declined to USD 2.8 million from USD 3.4 million in 2020, it remains a significant number that should be sounding alarm bells among management teams of Indian firms. In 2021, the percentage of victim organisations directly impacted by ransomware increased from 68 to 78 per cent. Ransomware isn't something that might happen, it is something that will happen if

    By VARINDIA| 13 views

  • #Ransomware and malware families hit cryptocurrency users in the US #shortsvideo

    #Ransomware and malware families hit cryptocurrency users in the US #shortsvideo



    #Ransomware and malware families hit cryptocurrency users in the US #shortsvideo

    By VARINDIA| 15 views

  • Emergence of New Ransomware Families Targeting Influencers | Latest Technology News | Exclusive Info

    Emergence of New Ransomware Families Targeting Influencers | Latest Technology News | Exclusive Info

    Emergence of New Ransomware Families Targeting Influencers | Latest Technology News | Exclusive Info

    86% of the data breaches analysed were financially motivated.
    We have witnessed unique shifts in the world of cybercriminals, too. It is quite evident that, threat actors have had a productive year – learning new tactics and techniques, sharpening their tools, formulating new ways to victimise the already battered enterprises, organisations, and individuals globally. In the ransomware field, 2020 was the year of Ransomware 2.0. It was the most productive year for ransomware families who moved from hostaging data to exfiltrating data, coupled with blackmailing. We have discussed extensively about the founder of this tactic, Maze ransomware, and have since detected followers of this type of threat such as Ragnar Locker. There is re-emergence as the pandemic rages on last year --- REvil and JSWorm and Netfilim.


    Hackers use special types of malware such as ransomware and spyware to steal data and lock compromised devices. Sometimes, hackers breach companies or government agencies’ databases to gain access to their data. They then demand extortion money for not revealing their trade secrets or other sensitive information in the public domain. Some hackers are programmers who write the code for various types of malware, including worms, trojans, viruses, scareware, and rootkits, etc. They can either use these malware programs or sell them to other cybercriminals. Some companies hire hackers to attack in multiple ways, including using brute force attacks, SQL injections, cross-site scripting and deploying DDoS attacks. This type of attack essentially overwhelms the organization’s web servers, making them unavailable for the customers. They may also choose to leak confidential customer data to ruin the rival’s reputation.

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    By VARINDIA| 8 views

  • 76% of Organizations Admit to Paying Ransomware Criminals with OneThird Still Unable to Recover Data

    76% of Organizations Admit to Paying Ransomware Criminals with OneThird Still Unable to Recover Data

    Businesses are losing the battle when it comes to defending against ransomware attacks, according to the Veeam 2022 Ransomware Trends Report, which found that 72% of organizations had partial or complete attacks on their backup repositories, dramatically impacting the ability to recover data without paying the ransom. Veeam found that 80% of successful attacks targeted known vulnerabilities — reinforcing the importance of patching and upgrading software. Almost all attackers attempted to destroy backup repositories to disable the victim’s ability to recover without paying the ransom. The report reveals the results of an independent research firm that surveyed 1,000 IT leaders whose organizations had been successfully attacked by ransomware at least once during the past 12 months, making it one of the largest reports of its kind. The first of its kind study examines the key learnings from these incidents, their impact on IT environments and the steps taken to implement Modern Data Protection strategies that ensure business continuity moving forward. The research project specifically surveyed four IT personas (CISOs, Security Professionals, Backup Administrators and IT Operations) to understand cyber-preparedness alignment across organizations. Ransomware has democratized data theft and requires a collaborative doubling down from organizations across every industry to maximize their ability to remediate and recover without paying the ransom. Experts say paying cybercriminals to restore data is not a data protection strategy. There is no guarantee of recovering data, the risks of reputational damage and loss of customer confidence are high, and most importantly, this feeds a self-fulfilling prophecy that rewards criminal activity.

    The survey further says that, the majority (76%) of cyber-victims paid the ransom to end an attack and recover data. Unfortunately, while 52% paid the ransom and were able to recover data, 24% paid the ransom but were still not able

    By VARINDIA| 28 views

  • MSI is the newest victim of a Ransomware Attack #shortsvideo

    MSI is the newest victim of a Ransomware Attack #shortsvideo



    MSI is the newest victim of a Ransomware Attack #shortsvideo

    By VARINDIA| 21 views

  • It is Wise to invest on Data back-up rather than pay the Ransomware | Important Daily Life Updates

    It is Wise to invest on Data back-up rather than pay the Ransomware | Important Daily Life Updates

    It is Wise to invest on Data back-up rather than pay the Ransomware | Important Daily Life Updates for Public | VAR India | Latest 2021

    Backup and recovery organisations help in the process of creating and storing copies of data that can be used to protect organizations against data loss. Even as India faces its worst economic crisis in almost three decades, local crypto trading, especially on peer-to-peer exchanges, has peaked. Anticipating a favourable result, not only did new crypto exchanges and bitcoin trading platforms launched in India, but some also relaunched their apps. Trading app scammers prey on vulnerable people online and lure them into investing into these apps with schemes and investment opportunities that are really just a pack of lies. Most of the cyber incidents create multiple challenges for organisations and Ransomware is right on the top, since it brings uncertainty along with panic across the organisation. More than half of all businesses that are victims of a cyber-attack or data breach are subsequently subject to public scrutiny and suffer losses in brand reputation, customer loyalty, and customer trust.



    Anyone can be at risk of a data breach — from individuals to high-level enterprises and governments. More importantly, anyone can put others at risk if they are not protected. In general, data breaches happen due to weaknesses in: Technology and User behavior. While enterprises build a robust security infrastructure for their networks, they often fail to protect themselves from the two other equally important aspects: Human error and third party services/ providers. The weaknesses in technology can be either at the organization's end or it can be a security flaw of the third party/ supply chain provider of an organization. A report says, increasing volume of ransomware now comes via exposed remote desktop protocol (RDP) services or unpatched remote access devices.


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    By VARINDIA| 37 views

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Published on: Jun 29, 2023
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#AbhishekKumar, CEO & Founder, #Cybereconn

Ransomware is going to be the top-notch cyberthreat in 2023

#cds#abhishekkumar#CEOFounder#Cybereconn


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  • Education revolution in Punjab ❤️The transformation we all deserve! #punjab #punjabgovernmentschoolUp next

    Education revolution in Punjab ❤️The transformation we all deserve! #punjab #punjabgovernmentschool

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    Education revolution in Punjab ❤️The transformation we all deserve! #punjab #punjabgovernmentschool

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  • Securing digital economy: Reinventing cyberthreat intelligence

    Securing digital economy: Reinventing cyberthreat intelligence

    #Digitalworld #ChipManufacturingPlant #Taiwan

    The digital world is vulnerable



    India is witnessing exponential growth in the adoption of digital technology across sectors and institutions, enabling a large number of people to avail themselves not only of services and conveniences but also governance solutions. The rise of digital has also been accompanied by growing need for cyberthreat intelligence and protection, to proactively minimize risks and ward off cyberattacks. Threat intelligence is about identifying and analyzing cyberthreats targeting a business. IT specialists use sophisticated tools to read threats and analyse them, applying historical knowledge to identify a real threat apart from one that is not, and then applying a solution to mitigate it. The better and more comprehensive the tool, the more robust is threat intelligence. While enterprises and institutions are waking up to the actual scale of dangers posed by weak cybersecurity systems targeting not only finances but also user data, Kaspersky, a global cybersecurity company, has urged players to take speedy steps to strengthen their cybersecurity systems as the only way to protect not only their funds and data but also their reputation and the consumer’s trust in their ability to service them.



    Secondly, it is now official that, the online gaming software simulated a number of cyberthreat incidents, for which were highlighted a range of solutions. As a result, participants were reminded of the various kinds of vulnerabilities that exist in the digital world and the counter-measures required for it. While large businesses have woken up to cyberthreats, a lot more awareness is needed. Media’s role in making medium- and small-sized businesses and institutions aware of these risks and urging them to take steps in the right direction is seen as crucial. On the other hand, large businesses too need to keep investing in latest cybersecurity solutions to ensu

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  • Can we control Ransomware & Other Advanced Cyber Attacks?

    Can we control Ransomware & Other Advanced Cyber Attacks?

    Can we control Ransomware & Other Advanced Cyber Attacks?

    Can we control Ransomware & Other Advanced Cyber Attacks?

    By VARINDIA| 10 views

  • The ransomware situation in India is worrying

    The ransomware situation in India is worrying

    As many as 78% of Indian organisations were hit with ransomware in 2021, up from 68% in 2020, and some of the entities paid over Rs 76 crore as ransom to get their data back, cybersecurity firm Sophos said in the report. As per the report, the average ransom paid by Indian organizations that had data encrypted in their most significant ransomware attack was USD 1,198,475 (around Rs 9 crore) with 10 percent of victims paying ransoms of USD 1 million or more and some 10% of victims paid ransoms of $1 million or more. Three companies in the survey admitted to having paid a ransom of USD 10 million and more to get back their data and keep it safe. The ransomware situation in India is worrying. The numbers of victims, ransom payments and the impact of these attacks continued to rise during 2021, at considerable cost. The survey covered the impact of ransomware on 5,600 mid-sized organizations in 31 countries across Europe, the Americas, Asia-Pacific and Central Asia, the Middle East, and Africa, including 300 in India. The report found that 78 percent of organizations that had data encrypted in a ransomware attack paid the ransom in 2021 and it was the highest rate of ransom payment reported across all 31 countries surveyed.

    Ransomware attacks include attackers sending malware to your phones and other devices, which then proceeds to infect your devices and servers, eventually locking you out of them and preventing any access to your files and data. At this point attackers usually demand a ransom in exchange for getting access to your files again. While the average expense of recovering from an incident declined to USD 2.8 million from USD 3.4 million in 2020, it remains a significant number that should be sounding alarm bells among management teams of Indian firms. In 2021, the percentage of victim organisations directly impacted by ransomware increased from 68 to 78 per cent. Ransomware isn't something that might happen, it is something that will happen if

    By VARINDIA| 13 views

  • #Ransomware and malware families hit cryptocurrency users in the US #shortsvideo

    #Ransomware and malware families hit cryptocurrency users in the US #shortsvideo



    #Ransomware and malware families hit cryptocurrency users in the US #shortsvideo

    By VARINDIA| 15 views

  • Emergence of New Ransomware Families Targeting Influencers | Latest Technology News | Exclusive Info

    Emergence of New Ransomware Families Targeting Influencers | Latest Technology News | Exclusive Info

    Emergence of New Ransomware Families Targeting Influencers | Latest Technology News | Exclusive Info

    86% of the data breaches analysed were financially motivated.
    We have witnessed unique shifts in the world of cybercriminals, too. It is quite evident that, threat actors have had a productive year – learning new tactics and techniques, sharpening their tools, formulating new ways to victimise the already battered enterprises, organisations, and individuals globally. In the ransomware field, 2020 was the year of Ransomware 2.0. It was the most productive year for ransomware families who moved from hostaging data to exfiltrating data, coupled with blackmailing. We have discussed extensively about the founder of this tactic, Maze ransomware, and have since detected followers of this type of threat such as Ragnar Locker. There is re-emergence as the pandemic rages on last year --- REvil and JSWorm and Netfilim.


    Hackers use special types of malware such as ransomware and spyware to steal data and lock compromised devices. Sometimes, hackers breach companies or government agencies’ databases to gain access to their data. They then demand extortion money for not revealing their trade secrets or other sensitive information in the public domain. Some hackers are programmers who write the code for various types of malware, including worms, trojans, viruses, scareware, and rootkits, etc. They can either use these malware programs or sell them to other cybercriminals. Some companies hire hackers to attack in multiple ways, including using brute force attacks, SQL injections, cross-site scripting and deploying DDoS attacks. This type of attack essentially overwhelms the organization’s web servers, making them unavailable for the customers. They may also choose to leak confidential customer data to ruin the rival’s reputation.

    Follow Us On :-

    https://www.facebook.com/VARINDIAMagazine/

    https://twitter.com/varindiamag

    By VARINDIA| 8 views

  • 76% of Organizations Admit to Paying Ransomware Criminals with OneThird Still Unable to Recover Data

    76% of Organizations Admit to Paying Ransomware Criminals with OneThird Still Unable to Recover Data

    Businesses are losing the battle when it comes to defending against ransomware attacks, according to the Veeam 2022 Ransomware Trends Report, which found that 72% of organizations had partial or complete attacks on their backup repositories, dramatically impacting the ability to recover data without paying the ransom. Veeam found that 80% of successful attacks targeted known vulnerabilities — reinforcing the importance of patching and upgrading software. Almost all attackers attempted to destroy backup repositories to disable the victim’s ability to recover without paying the ransom. The report reveals the results of an independent research firm that surveyed 1,000 IT leaders whose organizations had been successfully attacked by ransomware at least once during the past 12 months, making it one of the largest reports of its kind. The first of its kind study examines the key learnings from these incidents, their impact on IT environments and the steps taken to implement Modern Data Protection strategies that ensure business continuity moving forward. The research project specifically surveyed four IT personas (CISOs, Security Professionals, Backup Administrators and IT Operations) to understand cyber-preparedness alignment across organizations. Ransomware has democratized data theft and requires a collaborative doubling down from organizations across every industry to maximize their ability to remediate and recover without paying the ransom. Experts say paying cybercriminals to restore data is not a data protection strategy. There is no guarantee of recovering data, the risks of reputational damage and loss of customer confidence are high, and most importantly, this feeds a self-fulfilling prophecy that rewards criminal activity.

    The survey further says that, the majority (76%) of cyber-victims paid the ransom to end an attack and recover data. Unfortunately, while 52% paid the ransom and were able to recover data, 24% paid the ransom but were still not able

    By VARINDIA| 28 views

  • MSI is the newest victim of a Ransomware Attack #shortsvideo

    MSI is the newest victim of a Ransomware Attack #shortsvideo



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  • It is Wise to invest on Data back-up rather than pay the Ransomware | Important Daily Life Updates

    It is Wise to invest on Data back-up rather than pay the Ransomware | Important Daily Life Updates

    It is Wise to invest on Data back-up rather than pay the Ransomware | Important Daily Life Updates for Public | VAR India | Latest 2021

    Backup and recovery organisations help in the process of creating and storing copies of data that can be used to protect organizations against data loss. Even as India faces its worst economic crisis in almost three decades, local crypto trading, especially on peer-to-peer exchanges, has peaked. Anticipating a favourable result, not only did new crypto exchanges and bitcoin trading platforms launched in India, but some also relaunched their apps. Trading app scammers prey on vulnerable people online and lure them into investing into these apps with schemes and investment opportunities that are really just a pack of lies. Most of the cyber incidents create multiple challenges for organisations and Ransomware is right on the top, since it brings uncertainty along with panic across the organisation. More than half of all businesses that are victims of a cyber-attack or data breach are subsequently subject to public scrutiny and suffer losses in brand reputation, customer loyalty, and customer trust.



    Anyone can be at risk of a data breach — from individuals to high-level enterprises and governments. More importantly, anyone can put others at risk if they are not protected. In general, data breaches happen due to weaknesses in: Technology and User behavior. While enterprises build a robust security infrastructure for their networks, they often fail to protect themselves from the two other equally important aspects: Human error and third party services/ providers. The weaknesses in technology can be either at the organization's end or it can be a security flaw of the third party/ supply chain provider of an organization. A report says, increasing volume of ransomware now comes via exposed remote desktop protocol (RDP) services or unpatched remote access devices.


    Follow Us On :-

    htt

    By VARINDIA| 37 views

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