Ransomware attacks are not something new in the world of cyberattacks. But over recent years, the success rate of such attacks has seen a tremendous increase. According to Cybersecurity Experts, the attacks have risen by 40% to 199.7 million cases across the globe.
These attacks are faced by every industry, creating tough challenges for growth. Whether it is a technological company or a healthcare organization, no one is secure from these attacks. On one hand, the increasing rates of attacks have drawn enough attention amongst organizations to take a step against it. But on the other, it has been constantly adding more and more losses to these organizations.
To avoid the loss occurring due to these attacks, the organizations must take decisive steps that include appropriate security regulations.
Perplex of Ransomware Attacks
Due to the Ransomware attacks, the resources are tied up and are inaccessible. This can make the company undergo a massive productivity decline or either compensate for the same. A negative outcome is a definite result of Ransomware attacks. In recent years, the security regulators are also observing bigger threats to several organizations from this specific attack.
Hence, with every such successfully executed attack, it is becoming obvious that the attackers are looking forward to exploiting the organizations from every aspect which isn’t encrypted.
An organisation that has faced such a huge loss, now also has to make a crucial choice between paying the fee of ransom or finding any solution on a personal level. As dealing with exploitation on a personal level is much more difficult for any organization, most of the organizations pay the ransom fee off.
Now, if you think that paying off the ransom fee will sort everything then you are wrong! Because it takes weeks or even months for IT departments to revive the databases and the resources back.
As well as introducing a proper security regulation for keeping the resources safe from future exploitation takes a very long time. The enormous increase in ransomware attacks has hence urged the IT departments to endeavour with better security options before they become prey to such destructive attacks.
Safeguarding from Ransomware Attacks
Irrespective of the type of attack, the approach for security should be to aim at prevention, evaluate irks and train workers on whence their security regimen confers a risk. The last approach to train workers is conceivably the most essential. In most cases, workers are the easy and obvious entrance point for invaders when intruding on an organization.
According to CRN, the revenue and the correlating margin effect of the ransomware attack is anticipated between 50 million dollars to 70 million dollars in the second quarter of 2020.
Hence, organizations require to spend time on the safety hygiene of their workers because the return of this investment of training is priceless. Safety hygiene is one of the crucial aspects when striving against these attacks. Often these attacks enter the system via hacking emails. Once the workers implement this training to identify warnings, social engineering tactics and risky emails, your system is naturally safer.
To strengthen and support this basic idea, limiting the users to access the resources and defining peculiar network portions where the individual locations, roles or devices have appropriate permissions can help. This mindset matches flawlessly to the operations by which it is easy to complete several pieces of standard technology.
Executing Zero Trust
The perfect defence approach against ransomware should always start with a Zero Trust model as per the architecture named Software Defined Perimeter(SDP), put forward by Cloud Security Alliance. The solution ensures that the customer IT assets are completely hidden away from the customer. Only the relevant internal and external users will be provided access to what they required. The other users in the internet or network are unable to get the realisation about the presence of these IP addresses.
Companies that utilise the Zero Trust model can face the appropriate mix of Multifactor authentication and Microsegmentation to build a challenging difficulty for an internal intruder as well to administer when targeting any company.
With the help of using Zero Trust and its focal pillars of micro-segmentation and required multiple authentications through Identity Providers, IT managers can fully visualise systems and resources to secure appropriate least-privilege and safe access to accurate devices. Also, manage all perspectives of system safety over the cloud and applications of services within the organization. Zero Trust renders the discernibility, controlling powers and threat investigation skills required to defend systems from ransomware, targeted interventions and the illegal exfiltration of raw data.
Zero Trust Ransomware security model can enhance their IT protection posture through the following:
- Blackening of private applications
What is seen is what can be attacked. Most of the ransom attacks happen via the automated scanners and identifiers. The SDP architecture proposes to hide away the IT assets from the internet. It is not a good idea to showcase the presence of private applications and servers out on the internet for everyone. There are more and more vulnerabilities identified on a daily basis. Hence it is not easy to catch on to protecting the assets on time.
- Network Segregation
This enables companies to establish internal business limits to granularly handle the traffic surge, allow safe system path and enforce network monitoring. It decreases the probability of attacks and presents a classified solution for protection that serves as a holistic threat security foundation. SDP proposes the seamless ways in which we can segment the traffic across the networks and applications.
- Zones of Trust
Trust Zones discover different fields of IT foundation where devices run at the corresponding trust and related functionality such as etiquettes and varieties of business transactions. This narrows down the numbers of approved pathways and restricts the capacity for malicious threats from gaining important databases and resources.
- Foundation Management
Zero Trust Ransomware segregation’s rely on the capability to effortlessly monitor systems via unified management. This enables data to be prepared by examination of mechanisms and technologies that can improve network clarity, discover foreign warnings, or support agreement describing.
- Behavioural biometric
Behavioural biometrics in a zero-trust model is relevant to the measure of uniquely locating and inducing restricted patterns in illegal human activities. This can be one of the best ways to secure your resources from the invaders,
As we observe more companies adopt the Internet of Things and portable endpoint devices it will expand the attacking probabilities, which may lead to an acceleration of ransomware crimes. Companies that adopt the zero trust model can accomplish a broader spectrum of safety. No business will ever be completely secure. Nevertheless, opting for the Zero Trust model will enhance the difficulty levels for the hackers and it will be not easy to crack down on these encrypted resources.
Here is where Instasafe comes into the picture. InstaSafe utilizes the fundamentals of Zero Trust Access and SDP to give hyper scalable and adaptable solutions that ensure the safety of enterprise users and applications against ransomware attacks. With micro-segmentation and multiple authentications, it guarantees protected cloud selection and expediting digital transmutation.
Use Instasafe and save your organization from any cyber-attacks now!