BRIAN: RANSOMWARE ATTACKS ARE BECOMING MORE COMMON AND CRIPPLING. WHEN A CORPORATION OR BUSINESS IS TARGETED, DATA AND FILES ARE RARELY STOLEN OR REMOVED FROM THEIR COMPUTER NETWORKS. >> MOST ATTACKS, THEY DO NOT EXPORT THE DATA BECAUSE THAT LEAVES A TRAIL, THAT THEY COULD BE TRACKED. BRIAN INSTEAD, HACKERS ENCRYPT : THE DATA IN PLACE RENDERING IT USELESS. UNLESS YOU PAY THE RANSOM AND GET THE ENCRYPTION KEY TO GET YOUR DATA BACK — BRIAN: AND THE MORE VALUABLE THE DATA, THE HIGHER THE RANSOM. >> THEY WILL PUT TIME FRAMES ON IT. 24 HOURS, $1 MILLION. IF YOU WAIT 72 HOURS OR THREE DAYS, IT GOES UP TO $5 MILLION. BRIAN: THOSE DOLLAR FIGURES ARE JUST EXAMPLES. WE DO NOT KNOW WHAT KIND OF RANSOM HAS BEEN DEMANDED IN THE COLONIAL PIPELINE CASE. BUT RANSOMEWARE ATTACKS ON HOSPITALS, UNIVERSITIES AND OTHER BUSINESSES ARE BECOMING TOO COMMON. AND CYBERSECURITY EXPERTS SAY IT’S MUST JUST BE A MATTER OF TIME BEFORE OUR POWER GRIDS, WATER SYSTEMS, AND TRANSPORTATION NETWORKS ARE
Commercial
Ransomware assaults have gotten extra frequent and crippling
Up to date: 12:57 PM CDT Might 11, 2023
Ransomware assaults have gotten extra frequent and crippling.Colonial Pipeline, which transports gas by means of 10 states between Texas and New Jersey, stated it had been hit by a ransomware assault and had halted all pipeline operations to cope with the menace.When a enterprise is focused, knowledge and recordsdata are not often stolen or faraway from their laptop networks.”Most assaults, they do not exfiltrate the information as a result of that begins to depart a path that they may very well be tracked,” stated Bruce Younger, a cybersecurity knowledgeable with Harrisburg College in Pennsylvania.As a substitute, hackers encrypt the information in place, rendering it ineffective.”So, until you pay the ransom and get the important thing – there is a decryption key to decrypt the information to get your knowledge again,” Younger stated. The extra priceless the information, the upper the ransom.”They will put time frames on it, the place if you happen to pay throughout the subsequent 24 hours it is $1 million. In case you wait till 72 hours or three days, it goes as much as $5 million,” Younger stated.These greenback figures are simply examples. The type of ransom that has been demanded within the Colonial Pipeline case is unknown.Ransomware assaults on hospitals, universities and different companies are taking place extra often.Cybersecurity consultants stated it is only a matter of time earlier than our energy grids, water programs and transportation networks are impacted.”It is our on-line world. It’s extremely onerous to defend as a result of it is a international state of affairs the place the web has no boundaries,” Younger stated.
Ransomware assaults have gotten extra frequent and crippling.
Commercial
Colonial Pipeline, which transports gas by means of 10 states between Texas and New Jersey, stated it had been hit by a ransomware assault and had halted all pipeline operations to cope with the menace.
When a enterprise is focused, knowledge and recordsdata are not often stolen or faraway from their laptop networks.
“Most assaults, they do not exfiltrate the information as a result of that begins to depart a path that they may very well be tracked,” stated Bruce Younger, a cybersecurity knowledgeable with Harrisburg College in Pennsylvania.
As a substitute, hackers encrypt the information in place, rendering it ineffective.
“So, until you pay the ransom and get the important thing – there is a decryption key to decrypt the information to get your knowledge again,” Younger stated.
The extra priceless the information, the upper the ransom.
“They will put time frames on it, the place if you happen to pay throughout the subsequent 24 hours it is $1 million. In case you wait till 72 hours or three days, it goes as much as $5 million,” Younger stated.
These greenback figures are simply examples. The type of ransom that has been demanded within the Colonial Pipeline case is unknown.
Ransomware assaults on hospitals, universities and different companies are taking place extra often.
Cybersecurity consultants stated it is only a matter of time earlier than our energy grids, water programs and transportation networks are impacted.
“It is our on-line world. It’s extremely onerous to defend as a result of it is a international state of affairs the place the web has no boundaries,” Younger stated.
