Ransomware attacks are on the rise, with cybercriminals targeting various sectors, especially in the cloud environment. Key vulnerabilities such as poorly configured IAM access and exposed APIs are being exploited. The article discusses incidents like the Codefinger attack and emphasizes the importance of preventive measures against ransomware. Affected: financial sector, healthcare sector, legal sector, industrial sector, small businesses
Keypoints :
- Ransomware attacks in the financial sector reached 65% in 2024.
- The number of active ransomware groups increased by 56% within six months of 2024.
- The total cost of cybercrime is predicted to exceed trillion by 2027.
- Ransomware is malicious software that encrypts data and demands ransom for access.
- Cybercriminals behind ransomware attacks may be motivated by money, politics, or insider threats.
- Common targets for ransomware include legal, industrial, financial, and healthcare sectors, as well as small businesses.
- Cloud ransomware exploits specific vulnerabilities like poorly configured access and unprotected backups.
- The Codefinger attack outlines a sophisticated method of data encryption and extortion using AWS features.
- Paying ransoms is often a bad idea due to risks like funding organized crime and no guarantees of data recovery.
- Strategies to protect against ransomware include enabling AWS Backup, monitoring suspicious activity, and employing strong IAM policies.
- A proactive approach involving regular backups, training, and implementing security measures is essential for defense against ransomware.
Views: 13