The State of Ransomware Detection and Malware Prevention

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.

ZOOM

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.

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