Today’s modern companies are built on data, which now resides across countless cloud apps. Therefore preventing data loss is essential to your success. This is especially critical for mitigating against rising ransomware attacks — a threat that 57% of security leaders expect to be compromised by within the next year.
As organizations continue to evolve, in turn so does ransomware. To help you stay ahead, Lookout Chief Strategy Officer, Aaron Cockerill met with Microsoft Chief Security Advisor, Sarah Armstrong-Smith to discuss how remote work and the cloud have made it more difficult to spot a ransomware attack, as well as how deploying behavioural-anomaly-based detection can help mitigate ransomware risk. Access the full interview.
Aaron Cockerill: I feel like the way modern enterprises operate, which includes a combination of technologies, has allowed the ransomware to thrive. Having experienced this type of attack in my past roles, I know how many CISOs are feeling out there. The human instinct is to pay the ransom. What trends are you seeing?
Sarah Armstrong-Smith: It’s quite interesting to think about how ransomware has evolved. We think about these attacks as being really sophisticated. The reality is that attackers favour the tried and tested: they favour credential theft, password spray, they’re scanning the network, buying credentials off the dark web, using ransomware kits.
So in many ways, things haven’t changed. They are looking for any way into your network. So although we talk about cyber attacks becoming sophisticated, that initial point of entry really isn’t what sets the ransomware operators apart, it’s what happens next.
images from Hacker News