How Splunk Can Help You Prevent Ransomware From Holding Your Business Hostage
A group of hackers recently cost Madison County, Indiana $200,000 and another group demanded $73,000 from the San Francisco Municipal Transport Agency (SFMTA) over the Thanksgiving holiday to decrypt frozen data. What was the common factor connecting the two attacks? A popular form of malware known as ransomware.
Why You Should Care About Ransomware
Ransomware is often used to extort funds directly from victims. Ransomware literally takes systems hostage, requiring a “ransom” to free those systems back to a usable state. This can be a very lucrative business for cyber criminals.
Ransomware, like other malware, gets into your network via bad actors who figure out a way to deliver it into your environment without “sounding an alarm” – for example, …
SF Muni Hacked. Learn How to Detect Ransomware in Your Environment
Join security expert James Brodsky for our How-to Webinar: Detection of Ransomware and Prevention Strategies on December 13.
SF Muni was hit with a Ransomware attack last week, just as the prime holiday shopping season was kicking off. For many, the free fares for the weekend while Muni assessed the damage probably seemed like a holiday gift or customer service bonus.
But the lost revenues and potential $73K ransom they were asked to pay was no bonus for the IT and security teams.
News of Ransomware attacks are becoming much more common these days, with a reported $209M paid to ransomware criminals in Q1 2016 and the FBI anticipating ransomware to be a $1B source of income for cybercriminals this year.
Detecting Ransomware Attacks with Splunk