Since COVID, a shift in the type of intrusions has become obvious: despite a 39% drop in general malware; crypto and IoT jacking rose — and ransomware proportionally, by 40% (Source: SecMag).
Ransomware hackers repurpose malware for multistage exploits, often over months, to search environments for “crown jewels.” A flood of IoT devices with little security in mind (from smartphones to door chimes) and remote workers, enable this by spiking attack vectors in.
There’s a slim chance of ransomers being caught. For one, they usually use bitcoin, which is next-to-impossible to track. Hackers will continue to use this lucrative, risk-free type of cybercrime in order to achieve global recognition and economic power. Organizations must make themselves hard targets at every level.
Headlines are just one risk companies face from ransomware that has grown in aggressiveness since about 2019:
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Many attacks are outside-in: the insurance sector is vulnerable as it relies on third-party endpoints for software, billing, tech support, OSS and reports. CloudDefense SAST constantly checks for security rule violations between source and target branches.
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