Saturday, October 1, 2016

Ransom Viruses Target The Cloud




In my last article, “Ransom Virus Version 3 Hits Ireland”, I outlined the arrival of version 3 of the ransomware virus and the dangers of relying on Cloud storage to safeguard your Data. It’s gotten worse with the release of research by techcentral.ie which indicates that not alone is the cloud being targeted but it is now being used to distribute these viruses across systems. According to techcentral.ie
Cloud-based applications such as Dropbox can be used to spread malware in a couple of different ways. Attackers can upload the infected files to the cloud service, then share them with victims. Since there are many legitimate users of these services, they are not typically blocked by enterprises.” In addition, if an employee has an infected file that they save in a file-sharing system used throughout a company, the infection can spread to other users.” – (Source Techcentral.ie)
No Surprises Its Quick Money
There is, in my opinion, no surprise in this report as I had forecast the explosion in this get rich quick criminal enterprise. It’s a lucrative and effective way to steal money and it is obvious it will only increase.

A single ransomware network has pulled in $121m

Techcentral.ie also released an article detailing how a single ransomware author took in $121 million in the first six months of this year and netted a ($93 million /78% profit after costs.) This is probably only the tip of the iceberg as many businesses attacked by these viruses prefer to keep it “quiet” where possible. This secrecy only helps to reduce awareness and most businesses go on blissfully ignorant of the threat until it is too late and they fall victim.  According to the article there has been a 128% increase in these types of attacks during the first half of 2016 and I would expect it to continue. “Total mobile malware grew 151% in the past year”, according to the report.

Prevention There is NO Cure
As outlined in my previous articles the only effective method to recover from an attack is to have offline and secure backups. Take the time to ensure your data is stored securely and do not rely on Cloud replicas of your data as a solution. Seek professional help if needed. Stay vigilant you are a target for these crooks.

Links To Techcentral.ie articles.