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One of the most well-known ransomware attacks occurred in May 2017, when the Wannacry attack unfolded. That attack affected over 200,000 users and infected more than 300,000 computers. CBS News estimated the WannaCry attack resulted in losses upwards of $4 billion. How?
When hundreds of thousands of computers cease working in 150 countries, that’s a lot of lost economic opportunity. You never get that time back. Work stops, essential activities are delayed, and infected devices must be replaced. In addition, depending on the nature of the data compromised, there may be legal consequences and damage to corporate reputations.
The reality is ransomware attacks aren’t going away. The City of Baltimore just experienced a serious attack on May 7, 2019, of this year. According to reports, the city’s systems needed basic software updates and backup files.
So this makes you wonder: Are your systems protected? Here are some reasons you may not be.
Two main ways to get infected
Today, virtually every business and organization is a potential target of ransomware. Three segments, particularly at risk, include:
The common denominator across all these companies is that they need to change their mindset about IT security.
The best way to avoid ransomware attacks is to prevent them entirely
Conventional advice about dealing with ransomware has been to take the following steps:
However, “an ounce of prevention is worth a pound of cure” can go a long way. In a world of constant and evolving threats to IT systems and devices, you need to prevent those threats from causing damage.
Rather than detecting and responding to malicious software after it causes damage, Comodo has shifted the paradigm so ransomware cannot cause damage even when it is executed on an endpoint.
Once the ransomware is executed, Comodo contains the live ransomware in a virtual environment until a trusted verdict is returned. The user will see the ransomware execute on their endpoint, however, the user can still operate as normal, and the admin can delete the active processes to eliminate the ransomware without harm.
New thinking is needed to protect your computing resources
The bottom line when it comes to ransomware is that it can be avoided completely if you shift your mindset about how to protect your organization’s computing resources. You need to think holistically about your entire IT infrastructure – hardware, software, networks – and recognize that every part of it may be vulnerable. By implementing a Default Deny security posture with Default Allow usability, you can prevent “wanna-be” hackers from causing harm.
To learn more about how your organization can avoid ransomware attacks entirely, read Gartner’s “Everything You Wanted to Know about Endpoint Protection but were Afraid to Ask.”
Tags: Endpoint Protection,cybersecurity,ransomware
Reading Time: 2 minutes Cyber breaches are quite common in the medical industry. In 2019 alone, over 40 million patient records were breached, an almost 50% increase in cases from the previous year. With COVID-19 increasing the need for healthcare and forcing more interactions between providers and patients to take place online, the risk of cyber breaches has increased….
Reading Time: 2 minutes Ransomware is a dilemma that we have been facing for quite some time now. However, in 2020, we have seen a significant rise in the total number and variety of ransomware attacks. This latest ransomware boom is most probably the outcome of organized cyber-criminal networks recognizing the revenue-generating potential of this ‘business model’—amounting to over…
Reading Time: 3 minutes Overview One of thefirst times the public witnessedfirsthandand realized the power of ransomware was when WannaCry broke out in 2017. The government, education, hospitals, energy, communications, manufacturing and many other key information infrastructure sectors suffered unprecedented losses.Looking back, thatwas just the beginning, as there have since been many versions, such asSimpleLocker, SamSam and WannaDecryptor for…
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