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CATEGORY ARCHIVES: ransomware-security

RANSOMWARE THREATENS TO SHUT DOWN ONLINE LEARNING – AT ENORMOUS COSTS

Universities have become a popular target for ransomware attacks, so much so that earlier this year, three universities fell victim to a ransomware attack in the same week. With the urgency of shifting to online learning, many education institutions have found themselves extremely ill prepared in the face of cyber attacks. Distance learning has massively opened up a huge attack surface - we are using unhardened collaboration applications like Zoom and at the same time, machines are now remote, removing control over updating and patching from the organization, says Andrew Homer, vice president of security strategy at Morphisec. Yet cybercriminals aren’t getting any slower at deploying attacks, and higher education has become one of the most targeted industries for ransomware attacks over the last few years.

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Learning from the Honda Ransomware Attack

 

The Japanese manufacturing giant revealed that it had been hit with ransomware on Monday June 8, 2020, forcing it to shut down a number of manufacturing facilities and disrupting its global operations. Honda was left with no choice but to halt operations in Japan, North America, the U.K., Turkey and Italy. Furthermore, the ransomware attack caused disruptions to the company’s customer service and financial services.

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US Secret Service Warns Surge in Ransomware Attacks Targeting MSPs

 

Managed Service Providers (MSPs) seem to be a huge target for ransomware lately. MSPs in both government and the private sector have been under attack, causing the U.S. Secret Service to issue a special warning about this phenomenon.

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Announcing ThreatSTOP 6.0 Featuring Role Based Access Control

 

So much about good, basic Security comes down to proper access control. Information security, physical security, personal security, (probably even financial security?) – all security, it seems, works better when there’s proper control over who has access to what and when.

ThreatSTOP’s platform has historically allowed two levels of user access: Admin and Reporter. In this simple scheme, Admins could access everything, like creating a custom DNS Firewall policy, or whitelisting an IP across all their firewalls, while lowly Reporters got read-only access to look at reports. Two extremes of access control for what was a simpler time.

In the years since, things have really evolved in Security. It's gotten scarier outside – there are more threats, nastier ones, more sophisticated attackers, and shrewder methods. DDoS for hire, and turn-key ransomware. The myth of companies “too big to take down” or “too small to be targeted” got busted. It has gotten crazy out there.

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3 US Universities Hit with Ransomware in Same Week

The beginning of June saw a sudden surge in University-targeting ransomware attacks. Michigan State University, UCSF and Colombia College were all hit with ransomware from the NetWalker family within the same week. While each institution dealt with their network’s compromise differently, this “University Ransomware Week” was certainly eye-opening for higher education institutions who may need to rethink the security solutions and measures they have implemented.

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