google-site-verification: google30a059f9a075f398.html

Ransomware: Get ready for the next wave of destructive cyberattacks

CyberWisdom Safe Harbor Commentary on Ransomware

What is most likely to be an overlooked story from zdnet.com outlines an interesting article.

 

It may seem unwelcome compared to 2017, but writing off ransomware is still stupid as more malware-hardened attacks using files will take place in the future.

High profile events such as WannaCry, NotPetya and Bad Rabbit made last year’s ransomware notorious. WannaCry and NotPetya are considered nationalist jobs – the former being North Korea and the latter referring to Russia – a cyberwar that turns cybercriminals’ idea of extortionate software used for rapid price cuts into a tool.

This is especially so for NotPetya, which has damaged the corporate network around the world, causing billions of dollars in lost and lost revenue.

Thus, while some cybercrime has shifted to cryptocurrencies as a means of making money, do not expect the effectiveness of ransomware – or destructive.

“We do not expect exponential growth in ransomware by 2018.” Adam Meyers, vice president of intelligence at security firm CrowdStrike, told ZDNet that corporate ransomware will continue to be a major trend in all countries and criminals.

advertising

InRead was invented by Teads
The company’s latest Global Threat Report 2018 shows that ransomware could become a more prominent tool for cyber warfare than to fall into the background-especially as companies like WannaCry have proven so much damage.

See also: Ransomware: Administrative guide to one of the biggest threats on the web

GDPR: New Data Privacy Policy
As GDPR affects all IT areas from cloud to edge, companies will have to take the necessary steps to improve their integrity and reduce risk. Will you be ready in May 2018?
Sponsored by Intel
This is the evolving nature of the cyber threat situation and it is quite possible that these types of destructive ransomware could be adopted by others

Meyers said: “The spread of advanced strategies has now blurred the boundaries between national wars and trade wars, and the landscape of threats is evolving to threaten the larger players’ reach.”

It is possible that the success of destructive ransomware attacks means that they may be exploited by other groups, such as wanting a small country to be dispatched or even a hacking armed radical.

The report said: “Hackers will use ransomware and ransomware to undermine victims and erode the trust between key businesses and their clients or between the government and its constituencies.”

It is noteworthy that although ransomware was a threat before the advent of WannaCry, this particular ransomware became more effective through its ability to leverage the EternalBlue flaw – and opened the door to other forms of malware.

There is no reason why ransomware can no longer do this, exploiting newly discovered vulnerabilities to make payloads more efficient.

Crowdstrike said: “In 2018 and beyond, new activities may contain the latest vulnerabilities or other TTPs [strategies, technologies and procedures] that were previously unobserved or related to ransomware activity.

Topic: Security It might look to be out of the limelight compared to 2017, but it would be foolish to write ransomware off yet, as more attacks using the file-encrypting malware are ahead. High profile incidents like WannaCry, NotPetya and Bad Rabbit made ransomeware infamous last year. WannaCry and NotPetya have since both been attributed to be the work of nation-states – the former to North Korea and the latter to Russia – changing the perception of ransomware from something used by cybercriminals attempting to make a quick buck, to it becoming a tool of cyberwarfare. That’s especially the case for NotPetya, which took down the networks of businesses around the world and causing billions of dollars in damages and lost income. So while some cybercriminal operations have pivoted towards cryptocurrency mining as means of making money, don’t expect ransomware to be any less effective – or destructive. “We do not expect the trend of ransomware plateauing in 2018. Engaging post, Read More…

thumbnail courtesy of zdnet.com

If you like to receive more of these curated safe harbor news alerts then subscribe to my mailing list. and come back soon at https://www.safeharboroncyber.com/Blog/ to read further CyberWisdom Safe Harbor Commentaries. Home » Curated SafeHarboronCyber’s CyberWisdom Post » Ransomware: Get ready for the next wave of destructive cyberattacks