79% to 91% of ransomware attacks begin with phishing and social engineering tactics and cost an average of $11M per incident for healthcare organizations.
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Community Account Director/Cybersecurity Outreach Coordinator & Podcast Director/Producer/ for Virtual Fundraising Events
#Ransomware continues to hit organizations in all sectors, and #attacks regularly make media headlines because of their hard-hitting #impact on affected parties. The earliest example of ransomware stretches back to #1989, but its success during the last decade saw it becoming arguably the most #lucrative form of #cyberattack. Most recently, #ChangeHealthcare – the country’s #largest #healthcare #payment #processor – fell victim to a major ransomware attack. The effects of the attack are still coming to light, aside from the nearly #70K #pharmacies directly impacted by the attack. Here’s a lowdown on some recent ransomware attacks, lessons worth learning from them, and tips to help limit ransomware risk. Veolia North America VF Corporation Here are some of the key areas worth considering. #Email Security #Endpoint Security Properly #Encrypt Sensitive Data Have a Solid #Backup Strategy #Patch #Management @laninfotech @glenbenjamin #laninfotech #becybersmart #becyberfit #besafe LAN Infotech, LLC
What the Latest Ransomware Attacks Teach About Defending Networks
bleepingcomputer.com
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"After tricking an employee with a phishing email and a poisoned spreadsheet, hackers used the employee’s infected computer to break into Ireland’s public health system and tunnel through the network for weeks. They prowled from hospital to hospital, browsed folders, opened private files and spread the infection to thousands of other computers and servers. By the time they made their ransom demand, they had hijacked more than 80% of the IT system, forcing the organization of over 100,000 people offline and jeopardizing the lives of thousands of patients. The attackers unleashed the 2021 assault on Ireland’s Health Service Executive (HSE) with help from a “cracked,” or abused and unauthorized, legacy version of a powerful tool. Used by legitimate security professionals to simulate cyberattacks in defense testing, the tool has also become a favorite instrument of criminals who steal and manipulate older versions to launch ransomware attacks around the world. In the last two years, hackers have used cracked copies of the tool, Cobalt Strike, to try and infect roughly 1.5 million devices. But Microsoft and Fortra, the tool’s owner, are now armed with a court order authorizing them to seize and block infrastructure linked to cracked versions of the software. The order also allows Microsoft to disrupt infrastructure associated with abuse of its software code, which criminals have used to disable antivirus systems in some of the attacks. Since the order was executed in April, the number of infected IP addresses has since plummeted."
Inside the fight against hackers who disrupted hospitals and jeopardized lives
news.microsoft.com
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📈 October Trends: Ransomware attacks show no signs of slowing down, impacting all sectors indiscriminately. A recent report from SearchSecurity at TechTarget outlines the troubling persistence and rise of ransomware incidents throughout the month. 🔗 Discover more about the surge in ransomware attacks and the sectors most at risk by reading the full article here: https://lnkd.in/grfmhAUK 🖥️ Every industry, from healthcare to finance, and even small local governments, must recognize the potential threat to their operations and the urgent need to fortify their cyber defenses. 🛡️ It's a collective call to action for organizations to reassess their cybersecurity strategies and ensure they have the necessary protections in place to mitigate the risks of ransomware. 💼 As business leaders and IT professionals, we must prioritize cybersecurity as a critical aspect of our operations. 🤝 If you're concerned about ransomware and how it could affect your organization, don't wait until it's too late. For a proactive approach to your cybersecurity needs, visit us at https://alltechsupport[.]com/contact/ for expert support and consultation. Together, we can stand against the tide of ransomware threats and protect our digital assets. #Ransomware #Cybersecurity #DataProtection #ITSecurity #CyberThreats #TechNews
Ransomware continues to rise in October across all sectors | TechTarget
techtarget.com
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What industry is most frequently hit by #ransomware attacks? Guessing #healthcare should be relatively easy given all of the #databreach notifications and reports of interruptions at #hospitals or other facilities. Given the continuing prevalence of attacks on the industry and the accompanying #privacy and #security risks, it is essential to step up protective efforts. It should be acknowledged that steps are and have been taken, but healthcare is still seen as a relatively easy target with rich data. Given those issues, more should be done to push the industry down the list of targets and protect data. https://lnkd.in/g8f3BFVP #HIPAA
Healthcare hit hardest by ransomware last year, FBI IC3 report shows
healthitsecurity.com
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#Ransomware Operators Targeting Children of Corporate Executives: Whatever data these groups can extract will be weaponized in #extortion schemes, and they will continue to do so until it is no longer profitable... https://lnkd.in/dVAnBnbr #cybersecurity #infosec #security Halcyon
Ransomware Operators Targeting Children of Corporate Executives
ransomwareattacks.halcyon.ai
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By Gainining knowledge and visibility into authentication data stolen by #Malware and quickly #Remediate compromised credentials to invalidate stolen web sessions for business-critical applications. A comprehensive post-infection remediation process substantially reduces the risk of #Ransomware events tied to #Infostealer infections and closes previously overlooked exposures. This includes infected personal or unmanaged devices accessing the network, stopping criminals in their tracks before they use malware-exfiltrated data to cause further harm. #StayAhead of the game and protect your organization with a thorough remediation process. Great article by #CyberDefenceMagazine
Organizations Are Shifting Ransomware Defense Tactics, But Malware Is Still the Problem - Cyber Defense Magazine
https://www.cyberdefensemagazine.com
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Governance, Risk Management & Compliance Professional | CISSP | ITIL Ambassador | ITIL Strategic Leader | MOR | CBCI | Prince 2 | ISO27k | BSC | MCT
The human factor remains the primary entry point for cybercriminals 68% of breaches, whether they include a third party or not, involve a non-malicious human element, which refers to a person making an error or falling prey to a social engineering attack. This percentage is about the same as last year. One potential countervailing force is the improvement of reporting practices: 20% of users identified and reported phishing in simulation engagements, and 11% of users who clicked the email also reported it. https://lnkd.in/dxWYcjDe
2024 Data Breach Investigations Report: Most breaches involve a non-malicious human element - Help Net Security
https://www.helpnetsecurity.com
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Community Account Director/Cybersecurity Outreach Coordinator & Podcast Director/Producer/ for Virtual Fundraising Events
The #median #dwell #time in #ransomware #engagements dropped to just under #24hours from #4.5 #days in the previous year and #5.5 days in the year before that, according to SecureWorks. In 10% of cases, ransomware was even deployed within #5hours of initial access. “The driver for the reduction in median dwell time is likely due to the #cybercriminals’ desire for a lower chance of #detection. The #cybersecurity industry has become much more adept at detecting activity that is a precursor to ransomware. As a result, #threatactors are focusing on simpler and quicker to implement operations, rather than big, multi-site enterprise-wide encryption events that are significantly more complex. But the risk from those attacks is still high,” said Don Smith, VP Threat Intelligence, Secureworks Counter Threat Unit. New schemes have also emerged and posted numerous #victims. MalasLocker, 8BASE and Akira (which ranked at number 14) are all newcomers that made an impact from Q2 2023. 8BASE listed nearly 40 victims on its leak site in June 2023, only slightly fewer than LockBit. Analysis shows that some of the victims go back as far as mid 2022, although they were dumped at the same time. MalasLocker’s attack on Zimbra servers from the end of April 2023 accounted for 171 victims on its leak site in May. The report examines what leak site activity reveals about ransomware attack success rates — it’s not as straightforward as it seems. “Despite much hype around ChatGPT and AI-style attacks, the two highest-profile attacks of 2023 thus far were the result of unpatched infrastructure. At the end of the day, cybercriminals are reaping the rewards from tried and tested methods of attack, so organizations must focus on protecting themselves with #basic #cyber #hygiene and not get caught up in hype,” Smith continued. @laninfotech @glenbenjamin #laninfotech #becybersmart #becyberfit #besafe LAN Infotech, LLC
Cybercriminals can go from click to compromise in less than a day - Help Net Security
https://www.helpnetsecurity.com
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JumpCloud breached by a spear-phishing attack The Identity Management company JumpCloud has been hit by a spear-phishing attack orchestrated by a state actor! According to JumpCloud: “On June 27 at 15:13 UTC we discovered anomalous activity on an internal orchestration system which we traced back to a sophisticated spear-phishing campaign perpetrated by the threat actor on June 22.” https://lnkd.in/e4DsEFvi With the credentials obtain by the campaign the state actor: “Continued analysis uncovered the attack vector: data injection into our commands’ framework. The analysis also confirmed suspicions that the attack was extremely targeted and limited to specific customers.” This case confirms the importance of protection against spear-phishing where attackers (simple, commercial or state criminals) target specific employees to get the necessary access to do data injection and other hacking activities. You can see much more on the risks and examples of spear phishing in the Spear-phishing News from FastPass: https://lnkd.in/eiBN32c5
[Security Update] Incident Details - JumpCloud
https://jumpcloud.com
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The latest StrelaStealer malware campaign has targeted over 100 US and Europe organizations aiming to pilfer email credentials. This evolving threat emphasizes the need for heightened vigilance and robust cybersecurity measures. Are CIOs prepared to combat #StrelaStealer and safeguard your organization's data? Stay informed, stay secure! #Cybersecurity #MalwareThreats #DataProtection #CIOInsights https://lnkd.in/g_XyBJEq
Combatting StrelaStealer: Strategies for CIOs in the Face of Escalating Cyber Threats
https://swymgroup.com
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