Will you be ransomware’s next victim? Can ransomware encrypt your data and hold it hostage until you pay a ransom?

Organizations large and small across industries and around the globe are at risk of a ransomware attack. The media mostly reports attacks at large institutions, such as the Hollywood Hospital that suffered over a week offline in 2016 after a ransomware attack encrypted files and demanded ransom to decrypt the data.

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The Gartner Security & Risk Management Summit 2017 runs June 12-14 in the Gaylord National Convention Center, National Harbor, Maryland, promising the insight you need to guide your organization to a secure digital business future. As the world’s leading research and advisory company, Gartner helps business leaders across all major functions in every industry and enterprise size with the objective insights they need to make the right decisions.

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Cyber criminals prefer to receive ransom in the cyber currency Bitcoin because it is anonymous. The truth is “sort of.” Let’s take a closer look at how Bitcoins work, and how the WannaCry perpetrators, possibly the Lazarus Group, want to be paid.

Bitcoins are different from fiat currencies because, with Bitcoins, no actual coins or bills exist, not even digital ones.

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I often get asked, “Why should we implement SSL inspection? We just upgraded our security from stateful inspection to deep inspection. If something is encrypted, is it not encrypted for a reason, for being secure?” Let me explain…

Back in the day, network traffic was well behaved. If you were a software vendor and wanted to offer a new application, you had to sign up with IANA and get a reserved port for your application.

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Business models always have to tackle the method of distribution, will they sell directly or through a channel of distributors or a mix of both. The same is with ransomware developers. Many are electing to take their successful code and sell it as a kit, which eliminates many risks and the hard work of distribution all the while collecting a cut of the prize.

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Some consider WannaCry to be the first-ever, self-propagating ransomware attack to wreak havoc across the globe. The chaos that followed is yet another harsh wake-up for many, in a situation far too familiar.  Only this time, the victims are new, the infection spreads more rapidly, the effects are far-reaching and the headlines are bigger. 

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Ransomware attacks have been in the headlines a lot of late. Did you know that 65% of all ransomware attacks happen through phishing emails? Therefore, email security needs to be a major focus when delivering security awareness training. It is likely that future variants of the recent WannaCry ransomware attack will be delivered via phishing emails.

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