The State of Ransomware Detection and Malware Prevention
Every year, as the cybersecurity requirements of businesses become more complex, technology continues to evolve beyond them. Although new Internet of Things (IoT) devices and cloud-based systems are helping companies run more efficiently, they can also pose significant cybersecurity risks. Earlier this year, the RevBits team published an article covering some of the biggest malware and ransomware attacks from 2020 and what enterprises could expect in 2020. Read more to discover the state of both malware and ransomware so far in 2020.
Malware Detection vs Ransomware Detection
Malware is a term that refers to any malicious code or program that would give a cybercriminal control over enterprise networks and systems. In other words, malware is a general term that refers to malicious programming such as viruses, bugs, rootkits, spyware and ransomware. A subset of malware, ransomware is a hostile software that infects different endpoints and denies access to administrators until a ransom is paid. To properly prevent attackers from infiltrating enterprises and successfully executing a ransomware attack, enterprises must ensure endpoint security solutions include proper ransomware detection and ransomware prevention technologies.
Attack on Cognizant
Earlier this year, Cognizant, an American IT services giant, announced it had fallen victim to a ransomware infiltration by cybercriminal group Maze. Maze has gained rapid notoriety for extracting data from targets and publishing the stolen data online if the victims don’t pay the ransom. Ultimately, the Maze hackers were able to delete Cognizant’s internal directory, which led to communication disruptions both internally and for clients. As a result, the attack meant the Cognizant sales team was not able to contact customers and customers were not able to contact sales team members. With the proper ransomware detection and ransomware prevention technologies, Cognizant could have avoided this costly attack altogether.
As social-distancing guidelines have become stricter, the need for video communication tools has increased. In fact, Zoom added more monthly users in the first three months of 2020, than it had in all of 2019. As more people around the world have been using Zoom both for work and for personal social use, hackers have taken the opportunity to exploit security flaws by executing malware attacks. For example, one malware vulnerability, if exploited, allows attackers to record Zoom meetings and audio conversations, even if the host disabled the recording function. With this capability, hackers can and have executed espionage campaigns against enterprises. To protect against such attacks, organizations should implement malware prevention and malware detection solutions that include data breach monitoring to help reduce risk of detrimental attack by alerting system admins of infiltration.
With a growing attack vector and a changing work landscape, malware and ransomware attacks will only continue to increase. As hackers work to exploit enterprise vulnerabilities, organizations must ensure they are implementing endpoint security that includes ransomware detection and malware detection. As the only available solution that conducts a three-phase analysis of all threats, RevBits Endpoint Security is the best way to stop malware and ransomware throughout the rest of 2020.
As humans, we start life by crawling, next walking, and then running. This progression is logical, for it protects us. There is a natural flow to how our movement should develop and the associated risk we take on, as our movements increase with speed and complexity. But technology doesn’t tend to work that way. No matter how many times we’ve seen the need for that built-in security, it always seems technologies are developed and delivered ahead of the embedded security they so desperately need.
As cloud adoption and automated service use grow to increase faster processing and improve resilience, our reliance on these same technologies requires them to access critical data. Automated development, testing, and deployment offer considerable improvements in agility but create security risks at the same time.
Enterprise risk of cyber attack has increased due to improper password and key management protocols. Businesses around the world lose an estimated $2.9 million to cybercrime every minute because of ineffective password management practices. Enterprises could spend countless amounts of money on cybersecurity to encrypt data and put up firewalls, but without a strong password manager technology, none of that matters. Password managers ensure that every employee in an enterprise can keep data secure.