ransomware attack

Sobering Lessons from the KraussMaffei Ransomware Attack

The recent cyberattack on KraussMaffei, a German manufacturer of molding machinery for plastics and rubber, provides another reminder of the growth, persistence and destructiveness of ransomware. For those unfamiliar with it, ransomware is a type of malware that targets and infects servers, workstations and mobile devices, encrypts all the data it finds, and then presents a note demanding an online payment for the key necessary to unlock the files.

Both businesses and consumers are vulnerable to ransomware attacks: cyber criminals have used it to extort billions of dollars from victims in recent years, and are projected to net another $11.5 billion from them in 2019.  

 

Paradise RansomwareThe Paradise ransomware that was seen in September 2017 is back, launching a new round of attacks in early January. This strain provides an unbreakable encryption scheme by using the RSA cipher for file encryption – an unusual cipher choice that makes fighting this strain even more challenging.

Here’s a complete analysis of Paradise ransomware so you know what you’re facing, and how you can avoid it.

Petya Ransomware

Another fast-moving ransomware attack is tearing across the globe, striking a number of high-profile businesses, transportation networks, public utilities and government agencies in Europe and the United States.

The attack was initially focused in Ukraine and Russia. The National Bank of Ukraine saw ATMs across the country go down, and systems monitoring radiation at the former Chernobyl nuclear power plant were also affected. Russia’s largest oil company, Rosneft, was also hit.

Within hours the ransomware had spread in a manner reminiscent of last month’s WannaCry attack, victimizing the Copenhagen-based A.P. Moller-Maersk, the world’s largest container shipping company, and WPP in London, the world’s largest advertising agency, as well as entities in France and Spain.

It eventually hopped the Atlantic and landed in the United States.