We are here in an age of hackers/scientific thieves all over the internet. Over these recent years, many people, companies, and organizations have come under the attack of ransomware which doesn’t let them go without looting hefty money.
How Ransomware Works :
Ransomware involves malicious hackers infecting an organization’s computer with the type of malware that steals sensitive data and locks out employees until they pay a ransom asked by the hacker. The threat actors threaten the employees that they will publish sensitive data online if the ransom is not paid.
“It is not an empty threat.”
Hackers have leaked information on Dark Web frequently. In 2022, A hacker took it one step up and published some significant sensitive data on the public internet which was searchable by anyone on the internet. Not good for the Victim at all as Competitors of the organizations can get a big scoop / head-start over those organizations which could kill years of work for those organizations.
Does the question arise how do hackers decide on whom to victimize?
Attributes of an Ideal Victim:
There is no decisive answer, but Research tends to reveal that the more the victim’s profit margins and their capability to pay the ransom along with vulnerable anti-virus, anti-malware and anti-spyware systems can make an easy victim. Many corporate companies who don’t look towards the security of their digital assets are the easiest victims.
Some of the individuals with high-value laptops and data on their laptops are targeted frequently. The ability to pay ransom has become more important to choose a victim as lesser victims have been paying the ransom. People have either put up backups or they consider reworking the files lost to the ransomware.
Research from Coveware found the percentage of victims willing to pay has decreased from 85% in Q1 2019 to 37% in Q4 2022. The increasing awareness among large corporations, law enforcement, and other vigilant groups have increased the operating costs of these attacks on the victims in these hacker groups have given relief to the victim’s mind and purse. It also has decreased the number of attacks, which is really a piece of good news for the victims and the future victims to be. It increases confidence and the non-payment of ransom has increased.
The Hacker groups also have become smart as they started scrutinizing the corporations which are more likely to pay up the ransom. Though being vigilant and aware of this danger, many corporates have been non-cautious of these ransomware attacks and they have no safety systems to prevent this kind of attacks. That’s the bitter truth to know. A large chunk of ransom was received through the small law firms and financial firms, but now a sudden shift towards the healthcare and private sector firms with large numbers of data are being targeted.
Industries and manufacturing companies are likely to pay more as the downtime affects a large number of productivity and a huge loss in income to the company. They also fear a public release of their secret data as they are crucial for their competitors to use them to take a lead upon them.
Preventive methods to avoid Ransomware Attacks :
1) Patch Operating Systems and Software Regularly :
The process of updating Software and Operating Systems regularly patches up any security vulnerabilities of the software and operating systems which decreases any chances of the vulnerability of the Software as well as the Operating System.
2) Backup Everything Regularly and Create a Recovery Plan :
It might be very easy to forget about Backing up regularly. It will be paramount to back up in case of any malicious hacking when done against us. It is also important to check how much time it takes to restore the last backup so that you can get your data back once you are hacked. Keep a backup at a place other than your usual network, so that you prevent the data the hacker from hacking your network too.
3) Train Employees to recognize the Phishing and Social Engineering Scams:
Not only the outdated software but the Unprepared Employees too can be an easy targets to get into scams and Ransomware attacks. Suspicious Links and Email Attachments from Unknown resources are some of the easiest ways to be attacked by hackers. Hackers get personal information and secret official data from the organization they are working to manipulate to their advantage. So, training Employees to avoid this kind of Scams is very important.
4) Restrict user permissions for access and installation :
Preventing malicious malware, spyware, and Ransomware from entering the network system of the organization can be mostly curbed by restricting User Permissions for Access and Installation of various Software and other things from Unknown Sources. These types of Social Engineering and Ransomware Attacks can be prevented using this method.
5) Implement Strong Network Security and Anti-Ransomware Software:
If you had a houseful of Valuable things, you would not lock the house but instead, you will put in a security system. So, you should look to install the best Security System Online and Get your Network Secured. Implement a Firewall, Anti-malware Software, Anti-Virus Software, Anti-Spyware Software, and SSLs (If you have your own Website or blog).
CONCLUSION :
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