Critical Business Threats: Ransomware and Employee Online Shopping

According to a recent PWC survey, 54 percent of respondents buy products online every month. And millions of employees shopped online yesterday with their work devices on business networks. The critical business threat: Will any of your business computers or networks get infected with malware when employees make personal online purchases?

We believe so, and our SonicWall Global Response Intelligent Defense (GRID) network research backs this up.

Good News: Chip Cards Are Working

Research gathered through the SonicWall GRID Network indicates that the new chip-and-sign credit cards and point of sale (POS) systems are more effective than legacy technologies in detecting and blocking breaches. After big data breaches at retailers like Target and Home Depot, many retailers upgraded to chip-based POS systems.

Whenever new malware is discovered, we create a software signature set that is automatically propagated to all of our customers’ firewalls, to help keep their systems safe from attack. In 2014, before the new chip cards and POS systems, our team released 14 new POS-related malware signature sets.

In 2015, this number decreased to nine new POS malware signature sets. And in 2016 to-date, after the broad adoption of chip-based cards and readers, we have only had to release a single new signature.

Bad News: SPAM Is Now a Huge Business Threat

As POS systems have become harder to hack, the bad guys are looking for more efficient ways to steal online. Falling back on the tried and true email-based phishing attacks, personal shopping phishing emails are now a real threat to your business systems and networks.

Our email security research team observes that SPAM email usually increases in volume significantly during Cyber Week, starting the week before Black Friday, then drops off after Cyber Monday. Our numbers show a dramatic 2x increase in SPAM this year from 2015. In the run-up to Thanksgiving and Black Friday we saw 110 percent growth, increasing to 143 percent growth through Cyber Monday.

One of our SPAM honeypots collected the following data for Cyber Week:

  • Average number of SPAM messages 2015: 33,725 a day
  • Average number of SPAM messages 2016: 82,888 a day

More Bad News: Ransomware Targets Businesses

Increasingly we are finding that if malware makes it into your business network, it will be ransomware. First released in 1989, ransomware can infect your system and lock out users from accessing devices or files. When the victim pays a ransom (usually electronic money or bitcoins) the device can be unlocked by the hackers. Needless to say, ransomware can put your business-critical data and systems at risk.

Network Security Must-Haves

Online shopping will only continue to grow, especially over holidays, so it’s important to be proactive to keep your business systems protected. Along with monitoring employee access and updating policies, here are some must-haves.

  • Ensure your firewall is next-generation with content filtering on, including encryption scanning and packet filters; your goal is to monitor and inspect all incoming data and stop ransomware
  • Consider a cloud-based protection service like our Capture Advanced Threat Protection Service; a good one will speed up your response time, leverage the power of multiple engines to stop zero-day attacks, and automate remediation
  • Manage network bandwidth to limit or stop streaming; streaming is one of the easiest ways to let malware in
  • We strongly recommend EV SSL certificates for every external business website
  • Vet your SSL certificates and sources, to ensure they are publicly rooted and aren’t bringing in malware from the dark web
  • Audit your SSL certificates regularly to ensure they are up to date
  • It goes without saying but back up your data regularly; if ransomware does infect your network you will need to quickly access business-critical data

Online Shopping Safety for Consumers

  • If you don’t have one yet, upgrade to a chip-based credit card
  • Always look for an EV SSL certified logo on sites you shop
  • Use mobile devices (tablets or phones) and shop with store apps from businesses you know and trust; these apps are vetted and tested
  • Avoid shopping on sites with a Windows-based laptop; Windows is the most targeted operating system (OS) for hackers
  • Remain on the site until you complete a transaction; don’t follow redirects
  • Stay current with the latest OS software updates on your devices so you have the latest security patches; always update from the trusted site of the software provider, not a third-party site or a pop up
  • Update your apps regularly, especially ones that you provide sensitive data to: credit card numbers, banking and health information
  • Create complex, hard-to-crack passwords and keep them in a secure place
  • Change your passwords often and keep them hidden ­– not on sticky notes on your computer
Bill Conner on Twitter
Bill Conner
President and CEO of SonicWall | SonicWall
Bill Conner is among the most experienced security, data and infrastructure executives worldwide, with a career spanning over 30 years across numerous high-tech industries. A corporate turn-around expert, today he is the President and CEO of SonicWall, one of the world’s most trusted network security companies, acquired as a carve out from Dell by Francisco Partners and Elliott Management in November of 2016. SonicWall next-generation firewalls and network security solutions protect more than 1 million networks worldwide, for more than 500,000 organizations in more than 150 countries. In the less than one year under Conner’s leadership, SonicWall surpassed the ambitious financial and operational metrics set across the business, delivering record partner registrations (over 15,000 partners / 4,000 net new), strong pipeline growth (over $250M in new partner deal registrations), key service improvements (80% reduction in wait times), the release of a new global marketing campaign, and record new product releases.
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply