Ransomware Attacks: Best Practices for Defense & Response

In the 14th episode of Cyber Security America, we explore one of the most devastating threats that small and large business face today. Ransomware is a form of malware designed to encrypt files on a device, rendering any files and the systems that rely on them unusable. Malicious actors then demand ransom in exchange for decryption. In recent years, ransomware incidents have become increasingly prevalent among the Nation’s state, local, tribal, and territorial (SLTT) government entities and critical infrastructure organizations. Ransomware incidents can severely impact business processes and leave organizations without the data they need to operate and deliver mission-critical services. Malicious actors have adjusted their ransomware tactics over time to include pressuring victims for payment by threatening to release stolen data if they refuse to pay and publicly naming and shaming victims as secondary forms of extortion. The monetary value of ransom demands has also increased, with some demands exceeding US $1 million. Ransomware incidents have become more destructive and impactful in nature and scope. Malicious actors engage in lateral movement to target critical data and propagate ransomware across entire networks. These actors also increasingly use tactics, such as deleting system backups, that make restoration and recovery more difficult or infeasible for impacted organizations. The economic and reputational impacts of ransomware incidents, throughout the initial disruption and, at times, extended recovery, have also proven challenging for organizations large and small. From https://www.cisa.gov/stopransomware/ransomware-guide This Ransomware Guide includes two resources: Part 1: Ransomware Prevention Best Practices Part 2: Ransomware Response Checklist • Policy-oriented or technical assessments help organizations understand how they can improve their defenses to avoid ransomware infection: https://www.cisa.gov/cyber-resource-hub Contacts: • SLTT organizations: CyberLiaison_SLTT@cisa.dhs.gov • Private sector organizations: CyberLiaison_Industry@cisa.dhs.gov Ransomware Quick References • Security Primer – Ransomware (MS-ISAC): Outlines opportunistic and strategic ransomware campaigns, common infection vectors, and best practice recommendations: https://www.cisecurity.org/white-papers/security-primer-ransomware/ • Ransomware: Facts, Threats, and Countermeasures (MSISAC): Facts about ransomware, infection vectors, ransomware capabilities, and how to mitigate the risk of ransomware infection: https://www.cisecurity.org/blog/ransomwarefacts- What are the lessons learned on how best to work together to break down the barriers of communications and prioritization. Don't miss this informative episode to learn more about the and its importance in securing your enterprise. Remember to like, subscribe, and turn on notifications for future episodes. Cyber Security America Podcast https://www.voiceamerica.com/show/4125