Join us to learn how to frustrate extortionists in the 2020s
David Gordon Mon 24 May 2021 // 19:00 UTC Share
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Webcast On the face of it, blunting a ransomware attack should be straightforward if you’ve got a solid data protection plan in place.
After all, traditional backup and archive strategies have been designed with disaster recovery in mind, haven’t they?
Yes, but if recovery times are measured in hours and days, that’s next to useless if you’re a medical or critical infrastructure facility, or a business that is losing thousands or millions of dollars per hour of downtime. And, unsurprisingly, sophisticated ransomware attacks focus on seizing control of backups as a precursor to the main assault.
Join us online and learn about modern extortionware and how to frustrate it
David Gordon Wed 12 May 2021 // 16:00 UTC Share
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Webcast It’s shocking how blasé ransomware-toting criminals can be about freezing the operations of any organisation they can insinuate themselves into, including critical utilities or medical facilities.
But almost as shocking is how many organisations feel they have no option but to simply pay up if they want to get back to work.
In fact, the FBI estimates that the amount ponied up to ransomware attackers increased ten fold between 2018 and 2020. Even worse, those figures are likely a gross underestimate given victims’ understandable reticence about disclosing whether they’ve been stung, plus they don’t take into account lost business or other costs.
According to a Canadian security expert, the ransomware attack on a major U.S. gasoline pipeline should put complacent Canadian citizens and political leaders on high alert to the threat of online attacks against critical infrastructure.
“My sense is we are seriously vulnerable, and this [attack] is a major canary in the coal mine,” Christian Leuprecht, a Queen’s University professor and senior fellow in security and defence at the Macdonald Laurier Institute, said in an interview days after the ransomware attack on Colonial Pipeline Co.
When the company learned of the attack on May 7, it shut down all pipeline operations and some IT systems to contain the threat. Reporting suggests it’s slowly opening the lines and hopes to be fully operational by the end of this week. However, the website hosting Colonial’s media statements was offline Tuesday morning after being available late Monday.
Ransomware attack on government agency: Case study
Modern Ransomware and Incident Response Solutions
The goal of cyber adversaries using ransomware as an attack vector is simple: gain control, incite panic and receive payment. To effectively defend against ransomware, itâs critical to consider attacker motivations and connections between attack vectors.
Government agencies and their associated groups have recently been targeted by adversaries seeking significant monetary compensation to release critical resources such as 911 emergency response recordings, criminal court documents and healthcare administration files.
Inside this case study, find out how an end-to-end cybersecurity approach helped combat these harmful threats.
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