Everyone loves a sequel – just look at how well the latest Toy Story instalment is performing at the box offices. But there’s one sequel that we could all do without: Ransomware 2. It’s back, and like the best horror movie villains, it’s nastier and bolder than ever before.
Ransomware 2 has already claimed a number of high-profile victims. At the end of June, two US cities paid around $500,000 each to get files and data unlocked following successful attacks. The bill for Norsk Hydro, a global aluminium producer, was even higher. It didn’t pay the ransom, but it still paid the price.
The entire workforce had to resort to pen and paper when ransomware took hold across 22,000 computers in 40 different countries – Norsk Hydro is still recovering nearly three months later. On average, a ransomware attack results in seven days of downtime.
Although the Norsk Hydro’s tough stance has boosted its reputation; it’s also damaged its bottom line – the cost of the attack has already topped £45 million. The company is not the first to end up with a multi-million dollar bill: the Baltimore City government was hit with a massive ransomware attack that left it crippled for over a month, with a loss value of more than $18 million.
The resurgence of ransomware is not surprising – it’s a proven business model and a repeatable one. It works not only at an enterprise level but a personal level too. Individuals can be just as willing to pay a ransom to unlock personal data, such as family photos and financial files, if they are the targeted by an attack.
So how do you avoid joining the ransomware ranks? Although ransomware is powered by malicious software, it still needs human interaction to succeed. Just one click on a spam email or an infected ad is all it needs for a ransomware attack to be initiated. Even a visit to a legitimate website can land you in trouble, if the site is infected with code installed to redirect users to a malicious website.
Better user education can help prevent ransomware being unleashed – whether it’s on a home device or a business computer – but it will never completely eliminate the risk. So organisations need to be ready to fight back when the ransomware ball starts rolling, which means they need robust protection from the DNS layer to the email and the endpoint.
Blocking spam and phishing emails along with malicious attachments and URLs is an important first step. But the need to balance employee flexibility with IT security means the net can never be fully closed.
Even if someone clicks on a malicious link or file, organisations can still supress an attack. If ransomware can’t connect back to the mothership, it can’t be activated.
With thousands of DNS requests being initiated across an enterprise every day, detecting which ones are genuine and which are malicious requires highly sophisticated technology. Instead of proxying all web traffic, intelligent ransomware defence solutions will route requests to risky domains for deeper URL and file inspection. They will also be able to draw on contextual security to identify unusual and potentially unsafe requests from individual endpoints.
These insights enable IT teams to make quick risk judgements that block threats without blocking genuine business activity. With new risks emerging all the time, ransomware defence solutions need to receive constant updates on the latest sources of malicious content.
If the call back to a command and control server is successful, there are still ways to contain a ransomware attack before it proliferates across an entire organisation. For example, dynamic segmentation can prevent ransomware from travelling across the network – helping to avoid a full-scale outage as experienced by Norsk Hydro.
By taking a layered approach to security, organisations and individuals can mount multiple defences against ransomware whether it’s launched via the web or email. And they will need every one of these defences because Ransomware 2 looks like it’s going to be a blockbuster. Ransomware damages are predicted to reach $11.5 billion in 2019.
Stay safe until next time.
Business Line CTO Computacenter UK – Networking and Security