Ransomware is a type of malicious malware designed to encrypt a victim's files or data, rendering them inaccessible. The attackers behind the ransomware then demand a ransom, typically in cryptocurrency, from the victim in exchange for a decryption key or tool that can unlock the encrypted files. Ransomware attacks are often accompanied by a ransom note or message that provides instructions on how to pay the ransom.
Ransomware attacks can have devastating consequences for individuals, businesses, and organizations, as they can result in data loss, financial losses, and significant disruptions to operations.
In 2023, Ransomware attacks account for 24% of malicious attacks. The average cost of a ransomware attack rose by approximately 13% compared to the 2022 average, reaching an estimated cost of $5.13 million.
Resource: IBM Cost of a Data Breach Report 2023
The Cybersecurity and Infrastructure Security Agency (CISA), the National Security Agency (NSA), the Federal Bureau of Investigation (FBI), and the Multi-State Information Sharing and Analysis Center (MS-ISAC) released an updated version of the joint #StopRansomware Guide.
The update includes new prevention tips such as hardening SMB protocols, revised response steps, and added threat hunting insights.
Developed through the U.S. Joint Ransomware Task Force (JRTF), #StopRansomware Guide is designed to help organizations minimize the risks posed by ransomware incidents through best practices to detect, prevent, respond, and recover, including step-by-step approaches to address potential attacks.
Protecting your business from ransomware is of utmost importance in today's digital landscape. Ransomware attacks have become increasingly sophisticated and can have devastating consequences.
CyberForce|Q is your partner in fortifying your business’s cybersecurity. We assist our participants in strengthening their cybersecurity programs through a range of effective tactical components providing proven cybersecurity program advancement.
References
1. #StopRansomwareGuide, October 2023 update
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