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2023 Predictions for Storage and Backup Ransomware

CyberSecurity Insiders

Many of these attacks took advantage of known vulnerabilities and security misconfigurations in storage and backup systems. And backup and storage systems are rife with unpatched CVEs. Here are our top 4 predictions on how this will play out in 2023: More Data Attacks, Greater Sophistication, Bigger Monetary Losses.

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Ransomware groups target Veeam Backup & Replication bug

Security Affairs

Multiple ransomware groups were spotted exploiting a vulnerability, tracked as CVE-2023-27532, in Veeam Backup & Replication. The vulnerability CVE-2023-275327 (CVSS score of 7.5) impacts the Veeam Backup & Replication component. ” reads the report published by BlackBerry.

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News alert: INE Security shares cyber hygiene guidance for small- and medium-sized businesses

The Last Watchdog

The cost of ignoring such measures can be substantial, as noted in IBM’s 2023 Cost of a Data Breach Report, which found the average impact of a data breach on small businesses can exceed $3.31 Regular backups ensure that businesses can recover quickly from ransomware attacks or other data loss incidents.

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News Alert: Asigra highlights 5 data backup and recovery challenges associated with SaaS data

The Last Watchdog

Toronto, Canada, July 12, 2023 – Asigra Inc., a leader in ultra-secure backup and recovery, is tackling the pressing data protection and security challenges faced by organizations utilizing the thousands of Software as a Service (SaaS) applications on the market today.

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New Ransomware Group Exploiting Veeam Backup Software Vulnerability

The Hacker News

A now-patched security flaw in Veeam Backup & Replication software is being exploited by a nascent ransomware operation known as EstateRansomware. Singapore-headquartered Group-IB, which discovered the threat actor in early April 2024, said the modus operandi involved the exploitation of CVE-2023-27532 (CVSS score: 7.5)

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RansomHouse gang claims the hack of the Loretto Hospital in Chicago

Security Affairs

Backups are insufficient; IPS is recommended for protection. In 2023, Loretto Hospital experienced another data security incident. On January 19, 2023, a former employee misappropriated security camera footage of a limited number of patients and posted it on Facebook. Victims include AMD and Keralty. Ransomware attacks on U.S.

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LW ROUNDTABLE: Cybersecurity takeaways of 2023 — and what’s ahead in 2024 ( part 1)

The Last Watchdog

A look back at the cybersecurity landscape in 2023 rings all-too familiar: cyber threats rapidly evolved and scaled up , just as they have, year-to-year, for the past 20 years. Eyal Benishti , CEO, IRONSCALES Benishti Generative AI (GenAI) reshaped cybersecurity in 2023. What should I be most concerned about – and focus on – in 2024?