The conventional definition of ransomware has been - a form of malicious software that infiltrates a computer or network and limits or restricts access to critical data by encrypting data until a ransom is paid. Over the course of the past few years cyber criminals have evolved their practice of taking data hostage to creating havoc by deleting data to prove a point and or exfiltrating the data and releasing sensitive information in the public domain.
The spread of the ransomware epidemic and its variants continues to be a disruptive force in the cybersecurity industry, affecting everything from financial institutions to higher education. Because of the increase in remote work — prompted by the COVID pandemic — Ransomware detections in Q1 2022 doubled the total volume reported for 2021, according to new cybersecurity research done by WatchGuard Technologies.
Unfortunately, no company is immune to ransomware, and there is no specific vaccine against the threat.
This means the most effective remedy all comes down to training staff about the threat and raising awareness around security best practices, for instance, not clicking on links or opening attachments in emails from unknown senders.
There are security tools that can protect against known ransomware variants and or stop the spread of the malicious software within your network to limit the damage, but with the threat evolving so quickly, employee education is always the first line of defense. It is essential to carry out continuous backups and segment the network so that even if ransomware does get in, it can’t travel very far. The principle of least privileges should be employed such that employees should only be given access to the network areas they need to perform their job. This is especially important for employees working remotely or connecting to the company network via non-corporate devices.
Cloud-delivered backup solutions provide data protection capabilities that are more powerful, reliable, and secure than their on-premises counterparts, while also offering the ease of use, cost savings, and agility benefits of SaaS. In addition, by virtue of having infrastructure and storage that lives in the cloud, SaaS backup and recovery solutions create an “air-gap” that can prevent a ransomware attack on primary data from infecting secondary backup data in the cloud, which may not be true for on-premises backup solutions. Thus providing a more secure offsite backup solution which cannot be impacted by ransomware.
In today’s economy, even a few minutes of downtime for a company’s digital services can result in customer dissatisfaction and lost business. SaaS backup and recovery solutions allow companies to recover data not only in a granular fashion but can cut the time it takes to bring back affected services online exponentially quicker than their on-premises counterparts – transforming a ransomware attack from a business catastrophe into a minor inconvenience.
Let's now review some of the best practices that can help you mitigate the impact and or reduce the likelihood of a Ransomware incident.
Up-to-date backups are the most effective way of recovering from a ransomware attack, the following steps would help you recover back from such an attack.
Ensure backup accounts and solutions should be protected using Privileged Access Management (PAM) solutions with Multi-factor Authentication (MFA) enabled.
You can reduce the likelihood of malicious content reaching your devices through a combination of:
A 'defense in depth' approach assumes that malware will reach your devices. You should therefore take steps to prevent malware from running. The measures required will vary for each device type, OS and version, but in general you should look to use device-level security features. Organizations should:
In addition, attackers can force their code to execute by exploiting vulnerabilities in the device. Prevent this by keeping devices well-configured and up to date. We recommend that you:
Malware attacks, in particular ransomware attacks, can be devastating for organizations because computer systems are no longer available to use, and in some cases data may never be recovered. If recovery is possible, it can take several weeks, but your corporate reputation and brand value could take a lot longer to recover. The following will help to ensure your organization can recover quickly.
Trusted by more than 100,000 organizations, Atlassian’s Jira Software is a powerful work management tool for all kinds of use cases, from requirements and test case management to agile software development. Revyz helps protect your Jira Software data by automatically backing up all the data into secure offsite location and enables for an on-demand granular recovery of the data. The Jira backup & restore solution offered by Revyz helps customers protect their Jira data from ransomware and account take over type of attacks.
FBI - Tips for avoiding Ransomware
Cloud Security Alliance - Five Prevention Tips and One Antidote for Ransomware
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