5 Ransomware Threats To Know

These days, cyber criminals are organised and well-funded. Unlike lone threat actors, ransomware groups will reinvest a portion of their profits into hiring and training talented cyber criminals, making them more dangerous to organisations. As ransomware tactics evolve, it’s important for employers to be up to date on current trends and cyber attack techniques. Here are five ransomware threats to be aware of:

 

• Attacking the cloud. Ransomware groups target known vulnerabilities in cloud software and applications. Sometimes, they access the cloud through targeted attacks on individual devices or cloud accounts.

 

• Targeting Managed Service Providers. Compromising managed service providers enables cyber criminals to infiltrate multiple organisations in one attack.

 

• Attacking Industrial Processes. Ransomware groups have been known to create code that can stop critical infrastructure and industrial processes.

 

• Targeting Supply Chains. Compromising software supply chains allows cyber criminals to gain access to multiple victim organisations in one breach.   

 

• Attacking on Holidays. Cyber criminals are increasingly attacking on weekends and holidays when fewer IT and support personnel are working.
    

 

The most robust way to protect your organisation against ransomware threats is by having Cyber Liability Insurance in place. Contact one of our experienced Insurance Brokers today for more information.

 

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