July Insights: The Rapidly Evolving Threat Landscape
Greetings, LinkedIn Community!
The cyber security landscape has undergone significant transformation in recent times. The need for robust, global threat intelligence has become ever more critical as geopolitical and economic factors create a complex and unpredictable environment for businesses and consumers alike.
As technology evolves, so too do the tactics of cybercriminals. New players and threats are emerging worldwide, employing innovative methods to exploit vulnerabilities and deploy familiar tactics.
The reality is, no organisation or individual is immune to cyberattacks. It is crucial to stay vigilant and monitor the rapidly changing threat landscape.
In this month’s issue, we will explore the evolving strategies of cybercriminals and share tips on how to keep your business safe from ransomware and mobile malware.
The Evolution of Ransomware
Ransomware, a type of malicious software that criminals use to lock down computer systems until a ransom is paid, remains a serious threat. Our experience monitoring these attacks proves that individuals and organisations must stay vigilant and monitor systems for signs of infections.
These damaging software programmes are becoming increasingly complex. We are seeing threat actors collaborate and share techniques through underground forums, leading to the creation of complex malware families designed to cause maximum disruption.
The rise of Ransomware-as-a-Service (RaaS) platforms further exacerbates this issue. These platforms make it easier than ever for even novice attackers to launch sophisticated ransomware assaults with minimal effort, essentially “democratising” access to these tools.
Ransomware Prevention Recommendations
The Rise of Mobile Malware
Our experience monitoring cyber threats shines a spotlight on a critical issue: the rise of mobile malware. As smartphones and tablets become essential tools for everything from banking to social media, these malicious programmes pose a significant threat.
In the early days, mobile malware primarily targeted basic features like SMS and contact lists. However, with advancements in mobile technology, bad actors have developed more sophisticated techniques to exploit vulnerabilities and steal data. Today’s mobile malware can target a much wider range of functionalities, aiming to steal personal data, passwords, financial information and even take complete control of your device.
As users increasingly use mobile apps for activities previously restricted to websites, the rates of mobile malware have increased. This vast selection of apps, while convenient, also presents a challenge. Users can unknowingly download malicious apps disguised as legitimate ones, making it difficult to distinguish safe from harmful software.
Preventing Mobile Malware: Combatting Human Error
Because online threats can exploit human vulnerabilities, educating users on safe browsing and downloading practices remains a critical defence.
Preventing Mobile Malware: Technology Solutions
Human error will always be apart of the equation, but there are also technology solutions that can help organisations protect against mobile malware.
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TIP: For better security, avoid using public WI-FI networks. Hackers can exploit these networks to access your device. If you must connect, consider a VPN for extra layer of protection. Otherwise, opt for mobile data when possible.
Sarah’s experience serves as a cautionary tale. Even a trusted vendor can be a disguise for a phishing attempt. Unfortunately, in this case, the firm had to pay the ransom to regain access to their data. However, this isn’t always the best course of action.
Paying the ransom does not guarantee success. There is no certainty you will get your data back, and it can encourage future attacks.
Learn more about the complexities of ransomware and the decision of whether to pay or not, in our informative blog on ransomware payments.
Cyber-Ready Organisations KNOW Where They Stand.
Truly understanding your organisation’s ever-evolving cyber posture and risk profile hinges on your ability to see clearly across your digital landscape.
In-depth cyber health check assessments can expand your view and answer these critical questions:
Plan for the longer term. Start now.
Thank you for being part of the OneCollab community. We're here to support your cyber security journey every step of the way. If you have any questions, need advice, or want to explore collaboration opportunities, feel free to reach out to Ollie Rayburn, Head of Client Solutions at [email protected].
Wishing you a month filled with growth and success!
Warm regards,
OneCollab