Ransomware

Cyber Insurance, Cyber Warfare, and Modern IT Needs

Insurance company cites act-of-war to deny ransomware damages claim

You purchased cyber insurance to protect your business, just like you bought health insurance to protect yourself and your family. However, in the same way that health insurance can deny a procedure or medication, cyber insurers may deny your claims for business disruption arising from cyberattacks. 

Security professionals talk about cybercrime as though it’s a war, an ongoing battle against malicious actors. Apparently, insurance companies now agree.

Surveying the Malware Landscape for 2019

Looking back at 2018, the fight against malware showed glimmers of promise, as new technologies like artificial intelligence (AI) and machine learning (ML) were successfully deployed in some quarters to fight high-priority threats like ransomware.

The outlook for 2019 is less rosy, though, as malicious state actors and cybercriminals prepare for battle with a new array of tools and techniques designed to create mayhem and reap profits at the expense of everyone else.

Buckle up, IT security pros: the following trends indicate the anti-malware ride in 2019 is going to be a bumpy one.

Peer Insights Customers' Choice for Backup

When Gartner announced the 2018 Gartner Peer Insights Customers’ Choice awards for Data Center Backup and Recovery products last week, the foresight and vision displayed by Acronis generated a surprise appearance. That’s because unlike the other six vendors recognized as a Customers’ Choice, Acronis was not covered in Gartner’s previous Magic Quadrants for Backup and Recovery.

Instead, Acronis earned the recognition as Peer Insights Customers’ Choice because actual product users submitted enough high-quality testimonials and scores to get the company added to the awards list.

Cryptojacking - The Petty Cyber Crime Hiding a Deadly Threat

One of the fastest-growing malware threats of the past 18 months affects half of the businesses in the world, and most of them don’t know it. It’s called cryptojacking, an unintended consequence of the booming popularity of cryptocurrencies like Bitcoin. Most victims don’t notice that they’ve been hit by cryptojacking because its adverse effects are relatively inconsequential: it just steals CPU cycles from your computer, as well as the electricity required to power it.

Getting hit by ransomware -- a similarly-pervasive and fast-growing but much more destructive malware threat -- is like a roundhouse punch to the face: your files get locked up with encryption until you pay some distant criminal hundreds or thousands of dollars for the key. Compared to ransomware, cryptojacking seems more like a mosquito bite: an annoyance, not a grave threat.

But the harsh reality is that like disease-carrying insects, some cryptojackers bring lethal friends along with them.

Acronis True Image 2019 Cyber Protection

There are few constants in the world. The sun will rise in the east. Rain will fall. Dropped toast will always land buttered-side down. And as quickly as technology advances, the threats to the data we rely on every day evolve as well.

While it is difficult to imagine every potential data loss event, since our founding 15 years ago, Acronis has gotten very good at anticipating and responding to threats so customers are always protected. Every solution Acronis offers is designed with the Five Vectors of Data Protection in mind – ensuring data is Safe, Accessible, Private, Authentic and Secure. We remember it by its acronym: SAPAS.

This week’s update for Acronis True Image 2019 is the latest addition to our SAPAS-defined protection portfolio.

 

Port of San Diego Hit by Ransomware

The bustling Port of San Diego is recovering from a ransomware attack that hit on Tuesday, September 25, striking the administrative computer systems. The FBI and U.S. Department of Homeland Security are currently on-site investigating the ransomware further. And while the Port remains open to the public and shipping traffic is unaffected, certain systems are being shut down as a precaution while Port officials develop and implement their recovery plan.

The incident marks the second cyberattack on an international port this week, as the Port of Barcelona was forced to fall back on contingency plans in response to an attack on their servers. Yet these are just two of the latest examples in a troubling epidemic of cybercrimes that target transportation, municipal, and governmental infrastructure.

Bristol Airport Ransomware Shows Need for Better Digital Infrastructure in Transportation

 

This past weekend, a ransomware attack hit the U.K.'s Bristol Airport, increasing the stress and inconvenience of travelers trying to reach their destinations, forcing front-line staff to resort to manual, pen-and-paper systems while the airport’s IT team labored to contain the attack.

An undisclosed ransomware strain hit Friday morning and took systems down through Saturday and into Sunday. While the cyberattack on Bristol targeted its administrative systems, the airport opted to take several vulnerable systems offline as a precautionary measure – including public-facing flight arrival and departure information monitors. As a result, airline staff had to update passengers via whiteboards and frequent public address announcements.

The attack illustrates how the transportation industry and municipalities need to increasingly consider the risks of cyberattacks as connected vehicles, Internet of Things (IoT) devices, and other technologies become integral to our transportation infrastructure.

The Atlanta SamSam attack proves prevention is best

According to Atlanta’s chief of Information Management, more than a third of the city’s 424 essential applications were laid low by the SamSam ransomware attack in April, with 30 percent of those supporting vital municipal functions like the court system and police department. According to reports, the City Attorney's office lost all but six of its 77 computers and 10 years' worth of documents, while the police department lost all of its stored dash cam recordings: serious losses of critical data.

The attack illustrates the old adage that an ounce of prevention is worth a pound of cure -- especially since there is a free anti-ransomware solution that would have stopped the attack and saved the city $10 million. 

Meet the World-class Stars of the Data Protection Team

Meet the World-class Stars of the Data Protection Team

With just one match to go, getting tickets to the cup championship in Russia this Sunday is as difficult as blocking a shot by Harry Kane. Whether you're hoping to catch a French win or want the English team to "take it home" if you’re at the event you know that your digital media will be your record of the festivities.

With mobile devices becoming a new attack vector, fans need to secure all their information with an artificial intelligence based data protection option that rivals the top players who appeared in the 2018 tournament.

Cyanweb Solutions taken down in online attack

Cyanweb Solutions taken down in online attack

On June 27, 2018, Australian web and IT services provider Cyanweb Solutions experienced a data terrorist attack: the stuff of business nightmares. A coordinated attack against the Perth-based company deleted all but 12 percent of the client data stored on its cPanel administrative server.

As a company that not only designs websites but acts as an in-house IT department and online marketing advisor to its business customers, the attack’s speed and sophistication is a reminder that even the savviest technology companies are at risk.

Thankfully, you have more control over your information than you realize.