Ransomware is now one of the leading causes of data loss in the enterprise. Organizations go to great lengths to prevent ransomware attacks and to ensure data is recoverable if an attack should occur. Yet ransomware remains an ever-present threat. Check Point listed ransomware among its biggest cyber security threat. Similarly, a recent report by Splunk found that 84% of organizations have suffered a significant security incident in the last two years, with 31% of respondents reporting a ransomware attack.
Electronics manufacturer Canon suffered a ransomware attack that compromised 24 of its domains. The notorious Colonial Pipeline attack resulted in a major fuel shortage across much of the United States and a $4.4 million ransom payment to the attackers. Other high-profile victims of ransomware attacks include Acer, Quanta, The National Basketball Association (NBA), and Kia Motors.
Ransomware continues to pose a credible and costly threat to the enterprise, and misinformation only compounds the problem. Today, several ransomware-related myths remain prevalent. These could prevent companies from developing solid defense and recovery plans.
Myth: It Can’t Happen in the Cloud
The first of these myths is that a ransomware infection cannot occur in the cloud. This myth likely stems from the fact that early on, ransomware was designed to attack the system upon which the infection occurred but lacked the sophistication to attack connected systems. Today, however, ransomware strains can attack external resources such as mapped network drives and even data within cloud-based file shares.
While ransomware has become more capable and increasingly sophisticated in recent years, this vulnerability is also a side effect of the way enterprise computing has changed.
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Combatting Ransomware by Exposing the Myths