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.
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.
Cybersecurity companies constantly work to outmatch the latest security threats by implementing new features to various cyber technologies. Companies update their privileged access management solutions, for example, to better catch and contain malicious actors. Some privileged access management tools, however, are difficult to use and, as a result, are ignored by employees. To provide enterprises with the most useful and up-to-date technologies, security companies must ensure that privileged access management solutions are easy to deploy, simple to use and efficient to maintain. Video recording is also a must to ensure a privileged access management solution is complete. Here are a couple of reasons video recording is a necessary next step for privileged access management software.
Privileged access management is a cybersecurity solution that secures, manages and monitors privileged access to certain critical assets and networks. Historically, privileged access management and key management solutions have been cumbersome. Users often ignore traditional privileged access management and password manager solutions, leaving enterprises exposed to the exact risks they were working to mitigate. To be fully effective, a privileged access management solution should be easy to deploy, simple to use and efficient to maintain. Learn more about the qualities of effective password manager and privileged access management tools below.