Subj : Ransomware attackers are going after backup storage to force you
To   : All
From : TechnologyDaily
Date : Wed May 24 2023 19:15:04

Ransomware attackers are going after backup storage to force you to pay up

Date:
Wed, 24 May 2023 18:03:38 +0000

Description:
Businesses need to focus on immutability as attackers are often successful at 
compromising backups.

FULL STORY
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When an organization suffers a ransomware infection, it usually has two 
choices: either pay the ransom demand and hope the decryptor works, or 
restore the data from a backup solution and continue business as usual. 

However, new research from Veeam has found hackers are increasingly targeting 
backup solutions in order to force the victims to pay the ransom demand 
anyway. 

The company's Veeam 2023 Ransomware Trends Report, based on insights from 
1,200 impacted organizations and almost 3,000 cyberattacks, claims threat 
actors will almost always (in more than 93% of cases) target backups during 
cyberattacks. Of that number, theyll succeed (even partially) in 
three-quarters (75%) of cases. In more than a third of cases (39%) backup 
repositories were completely lost. Therefore, the immutability and 
air-gapping of backup solutions remain pivotal for businesses. Focusing on 
the basics 

We need to focus on effective ransomware preparedness by focusing on the 
basics, including strong security measures and testing both original data and 
backups, ensuring survivability of the backup solutions, and ensuring 
alignment across the backup and cyber teams for a unified stance, says Danny 
Allan, CTO at Veeam. Read more 

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It seems that paying the ransom demand is still the most popular way of 
solving the problem, as 80% did it last year (up 4% year-on-year). While 59% 
managed to recover their data after paying the criminals, a fifth (21%) paid 
and still couldnt get their data back. Furthermore, just 16% managed to 
recover their assets from backups - down 19% year-on-year. 

While best practices (securing backup credentials, automating cyber detection 
scans of backups, and auto-verifying that backups are restorable) are 
important, Veeam argues that businesses need to make sure backups cant be 
deleted or corrupted, and they can do that by focusing on immutability. 

Among ransomware victims 82% use immutable clouds , 64% use immutable disks, 
and just 2% dont have immutability in at least one tier of their backup 
solution. Check out our list of the best ID theft protection around



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Link to news story:
https://www.techradar.com/news/ransomware-attackers-are-going-after-backup-sto
rage-to-force-you-to-pay-up


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