Ransomware

Celebrating Advanced Tech and the Differentiation Paradox at CloudFest 2019

There’s no doubt businesses increasingly view the cloud as an agile, efficient way to manage their IT needs: 58 percent are moving toward a hybrid IT environment and another 18 percent are looking to move completely to the cloud (per 451 Research). This means that managed service providers (MSPs) need the right tools to stay in the game – and ahead of the competition – to facilitate this process for customers and capture some of the projected $186.4 billion cloud computing market.

Next week at CloudFest 2019, Acronis will join 7,000 global cloud, hosting, and service provider industry pros to share IT solutions that enable MSPs to solve pressing, complex customer problems. Here’s a preview of what will be top-of-mind at Acronis’ CloudFest booth #F04.

CEOs can lose their job over IT issues

Nearly every week during the past few years has featured a headline about the latest data breach, malware attack, ransomware demand, or unrecoverable corporate data loss. Those stories are frequently followed by news that the CEOs at those high-profile companies were forced to resign.

Security concerns have become a critical business problem, yet they are still handled as a technical problem – mainly by IT departments. Thankfully, many organizations have started bringing together IT executives and non-IT leadership together to reshape their approach towards security concerns.

CEOs need to know what they should worry about when it comes to protecting the company’s data against cybercriminals and malware – and there are plenty of high-profile examples they can learn from.

Protect what matters in your digital life

World Backup Day is March 31. Make sure you’re protecting what matters this year to keep your most important information safe and secure no matter what accidents and threats arise in the year ahead.

Back up before your company updates Windows 10

It’s been 34 years since Microsoft released the first version of Windows and changed the way business computing is done. Today, the tech giant’s flagship software remains the leading operating system for businesses of all sizes, owning 75 to 86 percent of the total operating system market.

One reason for this success is the way Microsoft approaches operating system updates, making it easy for businesses to get regular improvements that fix reported bugs, close security vulnerabilities, enhance performance, and ensure data protection compliance – without straining in-house IT teams.

But Windows 10 updates have a history of problems. Backing up before you start the process ensures you won’t lose time or money if your company's Windows 10 update fails.

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.