From a hackers point of view, it's tough to beat ransomware as a cyber attack vector. Low cost, highly effective with a great return-on-investment. Ransomware attacks have picked up materially over the last couple of years, exploiting poor cyber hygiene and leveraging the fact that most organizations do a lousy job of backing up their sensitive and vital data, leaving them vulnerable to that data being "held hostage". And as the effectiveness of these ransomware attacks is demonstrated, attackers are stepping up their game and hunting for more and larger game. Businesses don't need to be victims but they do need to take concrete steps to protect against the seizure of their data treasurers...
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Ransomware - Big Profits with Little Risk for Cyber Attackers
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“Ransomware victims have been hit by a perfect storm,” says Karim Hijazi, the founder and CEO of Prevailion, a Maryland-based cyber intelligence company that protects organizations by providing insight into real-time threats. For the first time last year, Hijazi adds, hackers spend time analyzing exactly which organizations they wanted to attack. “They developed victim pipelines,” Hijazi says. “Very few attacks were random.”
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