article thumbnail

GUEST ESSAY: Leveraging ‘zero trust’ and ‘remote access’ strategies to mitigate ransomware risks

The Last Watchdog

Ransomware? Well, the stats are even scarier with over 50% increase in ransomware attacks in 2021, compared to 2020. The media paid close attention to ransomware attacks last year, as they had a significant impact on Colonial Pipeline, the nation’s largest fuel distributor, and JBS, the nation’s largest meat distributor.

Risk 247
article thumbnail

Negotiating with Ransomware Gangs

Schneier on Security

Thus, the decision whether to pay or ignore a ransomware demand, seems less of a legal, and more of a practical, determination ­ almost like a cost-benefit analysis. The arguments for rendering a ransomware payment include: Payment is the least costly option; Payment is in the best interest of stakeholders (e.g.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why BYOD Is the Favored Ransomware Backdoor

eSecurity Planet

When remote workers connect bring-your-own-device (BYOD) laptops, desktops, tablets, and phones to corporate assets, risk dramatically increases. These devices exist outside of direct corporate management and provide a ransomware gang with unchecked platforms for encrypting data. How does remote encryption work?

article thumbnail

New Ransomware Trick: Encrypting Files Then Stealing Discord Accounts

Heimadal Security

AXLocker is a new strain of ransomware discovered in late November 2022. It encrypts the files of victims and demands payment, but it also steals the Discord accounts of infected users—a double-edged sword. First, AXLocker encrypts your files. First, its potential risk is that […]. How Does The Virus Work?

article thumbnail

How Secure Is Cloud Storage? Features, Risks, & Protection

eSecurity Planet

When assessing the overall security of cloud storage and choosing a solution tailored to your business, it helps to determine its features, potential risks, security measures, and other considerations. CSP collaboration improves the security environment where there’s a need to mitigate the emerging risks quickly and comprehensively.

Risk 123
article thumbnail

Using the LockBit builder to generate targeted ransomware

SecureList

They generated a custom version of the ransomware, which used the aforementioned account credential to spread across the network and perform malicious activities, such as killing Windows Defender and erasing Windows Event Logs in order to encrypt the data and cover its tracks. In this article, we revisit the LockBit 3.0

article thumbnail

Most Organizations Expect Ransomware Attack Within a Year

CyberSecurity Insiders

BullWall , global leaders in ransomware containment, and researchers with Cybersecurity Insiders, today published the Cybersecurity Insiders 2023 Ransomware Report. Ransomware’s biggest negative impacts: 82 percent cite downtime, 75 percent cite financial losses, and 68 percent cite reputational damage.