CYBERSECURITY
known malware variants , contemporary ransomware continuously morphs and can ’ t be detected using signature-based methods . As a result , anti-virus vendors can ’ t keep pace with the evolving ransomware landscape .
“ Organisations can defend against modern ransomware by taking a multi-layered , defence-in-depth approach to security ,” Higgins explains . “ This includes robust Identity Security controls to contain breaches and spread . By combining strong Identity and Access Management capabilities – like multi-factor authentication – with comprehensive endpoint privilege manager and privileged access management solutions , organisations can block and limit the extent that ransomware can execute and spread .”
Ransomware still a cybercrime hotspot
CyberArk ’ s 2022 Identity Security
Threat Landscape Report shows the ransomware attack vector continues to be a cybercrime hot spot , but the scale is staggering : 73 % of global IT security decision-makers reported at least one ransomware attack on their organisation in the last 12 months .
The report also found the number of ransomware-based breaches grew by 41 %, with attacks taking 49 days longer than average to identify and contain , according to IBM ’ s 2022 Cost of a Data Breach report . The same report found that destructive ransomware attacks increased by more than US $ 430,000 in cost for victim organisations .
44 July 2023