Businesses are facing a new threat that is more likely to sink them than even a recession: hackers holding their data to ransom 🔎 Big Read by lauriehavelock
Tactics are evolving, warns Eleanor Fairford, deputy director for incident management at the National Cyber Security Centre. Historically, ransomware attacks were carried out by established crime groups who would build their own special version of the malware, have their own method of targeting and have their own brand. In 2023 some of the leading names are LockBit, BlackCat, newcomer Black Basta, and Karakurt.
At their core, each attack depends on a human error to grant that first point of access. Hackers can stay undetected within a computer system for hundreds of days at a time waiting for the perfect time to strike. That human element is key, says Wallen, who adds that no amount of digital protection can negate social engineering. “None of the technical measures you put in place will work if your staff are not adequately trained and actually covering the basics,” he warns.
For Fairford, who is co-ordinating the NCSC’s response to cyber incidents, transparency is the best weapon against ransomware. “We want to encourage the victims of crime to come forward as much as possible,” she concludes. “The more openly we can talk about it, the better that everyone will be able to defend themselves as a result.”The Government’s cyber agency launched a ransomware hub in March 2022 in order to help organisations improve their resilience to attacks.
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