By the end of 2019, businesses will fall victim to ransomware every 14 seconds.
Cybersecurity Ventures, “Global Ransomware Damage Costs Predicted To Hit $11.5 Billion By 2019,”
By the end of 2019, businesses will fall victim to ransomware every 14 seconds.
Cybersecurity Ventures, “Global Ransomware Damage Costs Predicted To Hit $11.5 Billion By 2019,”
$11.5 billion global ransomware damages predicted annually by 2019.
Cybersecurity Ventures, “Global Ransomware Damage Costs Predicted To Hit $11.5 Billion By 2019,”
Self-propagating network-based ransomware cryptoworms eliminate the need for the human element in launching ransomware campaigns.
Cisco 2018 Annual Cybersecurity Report, p.6
Supply chain attacks are increasing in velocity and complexity. Nyetya was installed on more than 1 million computers. Often via automated software updates.
Cisco 2018 Annual Cybersecurity Report, p.7
WannaCry emerged and spread like wildfire across the internet with an estimation of 312 ransoms paid concealing its true purpose: wiping data.
Player 3 Has Entered the Game: Say Hello to ‘WannaCry,’ Cisco Talos blog, May
In recent years, ransomware attacks have been successful against many types of organizations. Unfortunately, a lot of organizations and individuals have chosen to pay a ransom in order to have their files restored. As a result, ransomware has quickly become the most successful revenue-generating type of malware for cybercriminals. Considering the rapid rise and impact of ransomware as a business disruptor, organizations need to rethink their security strategy before it is too late.
Source: Frost & Sullivan infographic - Ransomware: The pervasive business disruptor
Following are key takeaways to consider in building a defense strategy that not only combats ransomware, but also results in a resilient security posture towards any type of attack.
The Internet doesn’t work without the Domain Name System (DNS), and neither does most ransomware. Do you have the ability to quickly block user access to bad sites? Do you have this control regardless if users are on or off the corporate network?
Unfortunately, email is the most common entry point for malware. Hackers lace emails with harmful links and attachments. Do you have a system in place that will block malicious links, attachments, spoofing, and phishing so that your users don’t even see them?
Attackers get stealthier by the day and new variants of ransomware can appear. What happens when something actually gets through one of your endpoints? Can you spot it? Can you stop it and get rid of it? How do you know everything is resolved?
Of course, you can’t begin restoring anything until after you’ve resolved the cause. Do you know what to do during critical moments after detecting an attack? How will you respond to quickly contain the damage? Without a solid response plan, a ransomware outbreak will cause chaos.
Ransomware can infiltrate organizations in multiple ways. It is complex, evolving, and expanding. Hackers are constantly refining their strategies, so you need to fight it in all the places where it will try to get in.
You wouldn't buy a car without test driving it, so why buy a security solution without testing it in your network?
Ransomware Defense: The Threat is Real
In this on-demand webinar you’ll learn how to:
Identify the main attack vectors that enable ransomware attacks to succeed
Extend your key security controls beyond patching and backup/restore capabilities
Protect your network from the DNS layer to email to the endpoint with Cisco Ransomware Defense.
Interested in taking a deeper dive into ransomware? Come join us at an upcoming conference, cyber defense clinic or workshop.