July 18, 2024 at 04:03PM
Ransomware Awareness Month in July raises awareness of ransomware as a top cyber threat. The recent attacks on CDK Global by the BlackSuit group demonstrate the severity, impacting 15,000 auto retailers. There’s been a 29% increase in ransomware attacks in Q1 2024, emphasizing the urgency for organizations to prioritize good cyber hygiene and employ threat intelligence.
From the meeting notes, it is clear that ransomware remains a significant threat to organizations, with recent statistics indicating a concerning increase in ransomware attacks and new malware. The impact of these attacks on organizations, such as the recent incident involving CDK Global, highlights the need for proactive measures to defend against ransomware.
The adoption of a franchise approach by bad actors and the identification of ransomware as one of the top three common attack vectors targeting organizations emphasize the importance of maintaining vigilance and being armed with the intelligence to understand and defend against potential attacks.
Additionally, the evolving landscape of ransomware, including trends such as increased targeting of supply chains, the expansion of the Ransomware-as-a-Service (RaaS) model, a focus on data exfiltration, and the rise of ransomware-for-hire services, further underscores the urgency for organizations to take proactive steps to protect themselves.
The meeting notes also emphasized the critical role of good cybersecurity hygiene and threat intelligence in defending against ransomware attacks. Threat intelligence was highlighted as a key element in enabling security teams to gather, monitor, and process information pertaining to possible active threats, as well as to proactively defend against attacks and strengthen an organization’s security infrastructure.
Overall, the key takeaways from the meeting notes include the importance of maintaining vigilance, adopting good cybersecurity hygiene, leveraging threat intelligence, and taking proactive steps to protect against the evolving threat of ransomware.