Subj : Ransomware and BEC are seeing a huge rise  is your business ready
To   : All
From : TechnologyDaily
Date : Wed Feb 21 2024 15:15:05

Ransomware and BEC are seeing a huge rise  is your business ready?

Date:
Wed, 21 Feb 2024 15:11:30 +0000

Description:
AI is propelling ransomware to new heights, taking BEC with it.

FULL STORY
======================================================================

Ransomware attacks and Business Email Compromise (BEC) campaigns are on the 
rise once again, new research has said. 

The annual Arctic Wolf Labs Threat Report claims the median ransom demand 
rose by a fifth (20%) year-on-year and has now hit $600,000. 

While ransomware operators target organizations of all shapes and sizes, 
across all verticals, Arctic Wolf argues that legal, government, retail, and 
energy industries suffered most, with median demands surpassing $1 million. 
At the same time, businesses in manufacturing, business services, and 
education/non-profit, were the most common ones to appear on ransomware leak 
sites. Abusing old flaws 

Based on the insights from the company's threat, malware, digital forensics, 
and incident response case data, the report also claims AI tools have had a 
major role in the increase in threats, year-on-year. 

As for Business Email Compromise, this type of attack rose at breakneck 
speeds this year, now outnumbering ransomware incidents by a factor of 10. 
Still, a ransomware incident is 15 times more likely than a BEC incident to 
lead to an incident response investigation. 

Elsewhere in the report, Arctic Wolf argues that hackers arent that 
interested in looking for zero-day vulnerabilities. Instead, theyre more than 
happy abusing flaws found in the past, the researchers said, suggesting that 
everyones patching practices leave a lot to be desired. 

In fact, vulnerabilities disclosed in 2022 or earlier now account for almost 
60% of all incidents where the root cause was the exploitation of an 
externally accessible system. More from TechRadar Pro Ransomware is more of a 
threat to businesses than ever before Here's a list of the best firewalls 
around today These are the best endpoint security tools right now



======================================================================
Link to news story:
https://www.techradar.com/pro/security/ransomware-and-bec-are-seeing-a-huge-ri
se-is-your-business-ready


--- Mystic BBS v1.12 A47 (Linux/64)
 * Origin: tqwNet Technology News (1337:1/100)

.