TECHNOLOGY
AS RANSOMWARE THREATS PERSIST , IT IS NOW MORE IMPORTANT THAN EVER FOR COMPANIES TO SECURE THEIR APPLICATIONS AND BOLSTER THEIR SECURITY DEFENCES
WRITTEN BY : CATHERINE GRAY
Having the correct cyber defences is imperative for businesses , now more than ever , as cyber criminals become more sophisticated and their attacks more complex . Organisations fall victim to ransomware attacks every 11 seconds and these types of attacks have significant ramifications .
Ransomware is one of the many negative outcomes that occur from poor app security , so , to protect businesses from such attacks , cyber security professionals should implement strong app security programmes and instil best practices company-wide .
This type of cyber attack is malware designed to deny a user or organisation access to files on their computer . To gain access to these files , criminals often request a ransom payment for the decryption key . Frustratingly , criminals often tend to place organisations in such a position that paying the ransom is the easiest and cheapest way to regain access to their files .
“ We ’ ve seen a cybercrime shift from covert shadow groups into these cybercrime cartels , now providing ransomware-as-aservice and executing multistage campaigns . Yet , the industry ’ s focus is now turning to an alarming trend requiring urgent attention ,” said Tom Kellermann , Head of Cybersecurity Strategy at VMware . cybermagazine . com 91