Posts Tagged ‘ransom’

Help The FBI Find A Defense Against Ransomware

Monday, September 19th, 2016
Help Fight Ransomware - Ohio CPA Firm

The FBI recommends users consider implementing prevention and continuity measures to lessen the risk of a successful Ransomware attack. Keep reading to find out how you can help the FBI combat the threat of Ransomware.

The FBI recently released a public service announcement urging victims of Ransomware attacks to come forward and report these cyber infections to federal law enforcement. Doing so, the FBI said in a statement, will “help us gain a more comprehensive view of the current threat and its impact on U.S. victims.

Read Also: Could Your Company Be Ransomware’s Next Victim?

A Closer Look At Ransomware

A computer infection that has been programmed to encrypt all files of known file types on your computer and your server’s shared drive and making them inaccessible until a specified ransom is paid; Ransomware is a very real threat to all businesses nationwide. Once a computer is infected, which usually happens once a user clicks on a malicious link, opens a fraudulent email attachment or unknowingly picks up a high-risk automatic download while surfing the web, it’s all but impossible to regain access to the data that has been infected. Upon discovering that your computer has been infected, you have two choices. You can either:

1)     Restore the machine by using backup media, or

2)     Accommodate the hacker’s demands and pay their ransom.

And both options are less than ideal.

What To Do If Your Company’s Network Becomes Infected

Ransomware infections were at an all-time high in the first several months of 2016, according to various cybersecurity companies, and because new Ransomware variants are emerging regularly, the FBI needs your help to determine the true number of Ransomware victims.

“It has been challenging for the FBI to ascertain the true number of Ransomware victims as many infections go unreported to law enforcement,” the agency stated in its recent announcement. “Victims may not report to law enforcement for a number of reasons, including concerns over not knowing where and to whom to report; not feeling their loss warrants law enforcement attention; concerns over privacy, business reputation, or regulatory data breach reporting requirements; or embarrassment. Additionally, those who resolve the issue internally either by paying the ransom or by restoring their files from back-ups may not feel a need to contact law enforcement.”

Read Also: How Much Is Your Data Worth To Criminals?

Reporting a Ransomware attack on your company’s network is not only beneficial for you, the information you provide will help the FBI as it works to identify ways to prevent future attacks. Your reports will:

  • Provide law enforcement with a greater understanding of the threat
  • Help justify Ransomware investigations
  • Contribute relevant information to ongoing Ransomware cases

Help Arm The FBI With Information

The recent PSA released by the agency requests that all Ransomware victims reach out to their local FBI office and/or file a complaint with the Internet Crime Complaint Center. Be sure to have the following details available and ready to provide to the respondent when prompted (if applicable).

  1. Date of Infection
  2. Ransomware Variant (identified on the ransom page or by the encrypted file extension)
  3. Victim Company Information (industry type, business size, etc.)
  4. How the Infection Occurred (link in e-mail, browsing the Internet, etc.)
  5. Requested Ransom Amount
  6. Actor’s Bitcoin Wallet Address (may be listed on the ransom page)
  7. Ransom Amount Paid (if any)
  8. Overall Losses Associated with a Ransomware Infection (including the ransom amount)
  9. Victim Impact Statement

The FBI recommends users consider implementing prevention and continuity measures to lessen the risk of a successful Ransomware attack. Click here to read the FBI’s complete announcement.

To learn more about protecting your business from cybercrime, download the free whitepaper, “Cybercrime: The Invisible Threat That Haunts Your Business.”

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Could Your Company Be Ransomware’s Next Victim?

Wednesday, July 8th, 2015
Preempt A Crisis - Rea & Associates - Ohio CPA Firm

While there is no surefire way to prevent a Ransomware attack on your data, it’s wise to implement the following best practices to reduce the possibility of infection or reinfection.

The malware known as CryptoLocker or CryptoWall continues to be a major concern for individuals and companies alike. So much so, that the FBI saw fit to issue a warning just last month and help raise further awareness about the threat.

According to the FBI, this Ransomware continues to evolve, which helps it avoid user’s virus detection software applications – even if they are current. Since April 2014, reported the FBI, there have been 992 incidents of CryptoLocker reported. These occurrences have resulted in the loss of around $18 million.

Read Also: How Much Is Your Data Worth To Criminals?

The Threat Is Real

Ransomware is a computer infection that’s been programmed to encrypt all files of known file types on your local computer and your server’s shared drives. Once it takes hold, it’s all but impossible for you to regain access to the data that’s been infected. Once this happens, you have one of two choices. You can:

  1. Restore their machine by using backup media, or
  2. Accommodate the hacker’s demands and pay up.

As a direct result of my experience as an IT audit manager, I have been made aware of several situations in which businesses were left with no choice but to succumb to the demands of malicious cybercriminals carrying out Ransomware attacks. And while the companies I have worked with were finally able to obtain their assailant’s encryption key code to unencrypt and regain access to their data after the ransom was paid, others are not as lucky – after all, the FBI has reported $18 million worth of losses in just over a year. Furthermore, there are no guarantees that you won’t be targeted again in the future.

Preempt A Crisis

While there is no surefire way to prevent a Ransomware attack on your data, it’s wise to implement the following best practices to reduce the possibility of infection or reinfection.

  • Implement mandatory computer safety training for all employees and implement and test an IT Disaster Recovery Plan in place.
  • Always use reputable antivirus software and a firewall and be sure to keep both up to date.
  • Put your popup blockers to good use. Doing so will help remove the temptation to click on an ad that could infect your computer.
  • Limit access to company’s data by ensuring that only a few employees have access to certain folders and data. You can facilitate this type of action by conducting annual reviews of your company’s employee access rights.
  • Backup all company-owned content. Then if you do become infected, instead of paying the ransom, you can simply have the Ransomware wiped from your system and then reinstall your files once it’s safe again to do so.
  • Never click on suspicious emails or attachments, especially if they come from an email address you don’t recognize. And actively avoid websites that raise suspicion.

Shut Down The Attack

If you are surfing the Web and a popup ad or message appears to alert you that a Ransomware attack is in progress, disconnect from the Internet immediately. Breaking the connection between the hacker and your data could help stop the spread of additional infections or data losses. In addition to informing your company’s IT department about the threat or occurrence, be sure to file a complaint with your local law enforcement agency.

Email Rea & Associates to learn more about the importance of your company’s online security.

By Joe Welker, CISA (New Philadelphia office)

 

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