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Enterprise Security Magazine | Monday, February 21, 2022
The profile of enterprise cybersecurity has never been higher. Some of the most conspicuous trends revolve around ransomware, security-as-a-service and zero trust
FREMONT, CA: According to the European Union Agency for Cybersecurity, ransomware grew by 150 percent in 2021, and the trend is predicted to continue in 2022. Colonial Pipeline, UKG (Kronos), JBS, Kaseya, and SolarWinds have all been high-profile victims. This year's ransomware honours list is likely to include even bigger names.
Cybercriminal organizations such as DarkSide, REvil, and BlackMatter are reinvesting millions in ransom payments to be more organized. Cybercriminals have been employing analytics to assess the profile of the ideal U.S. victim, according to security firm Kela. Companies with at least USD100 million in revenue that use virtual private networks, remote desktop protocols, or products from Citrix, Palo Alto Networks, VMware, Fortinet, and Cisco are of great interest to hackers. They avoid organisations in the fields of education, government, health care, and nonprofits. These verticals, either refuse to be held to ransom, do not have the financial means to pay, or are afraid of a backlash against the hacking organisation.
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Cybercriminals have become more ruthless as they seek money, but they also want to harm organisations' reputations by disclosing attacks, blackmailing companies by threatening to expose corporations and selling intellectual property to competitors.
As a result, businesses must be better equipped to avoid, mitigate, and respond to ransomware. Modern incident response systems, as well as keeping all patches current and training employees to avoid clicking on phishing e-mails, are all good places to start.
Many businesses have realised they require assistance due to the complexity of current IT environments and the threat posed by ransomware and malware. They are increasingly turning to the cloud for security-as-a-service solutions rather than depending on their own security technologies. A managed services provider (MSP) or a managed security services provider are frequently used to deliver these solutions.
Equity Methods, a valuation, financial reporting, and human resource consulting firm, keeps a clear line between the technology it handles in-house and the technology it outsources to its managed service provider, adryTech. The company's managed service provider offers a wide range of services, including security services like e-mail protection, content shielding, and Web application firewall.
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