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Lessons We Learned From the Biggest Ransomware Attacks

December 21, 2018Simeon Georgiev

Ransomware removal services have found that cybercriminals have set their targets purely on organizations. This is because the easiest money can be made by infiltrating and crippling these giants and unlike consumers, they can’t simply wipe their systems clean and start over.

One thing is clear though, the people behind these forms of malware are creative and cunning. This is why ransomware removal services believe that their attacks can never be fully anticipated. Therefore they have recognized that future threats can only be steered clear from by adopting artificial intelligence and machine learning ransomware removal technologies.

Other than this, some threat intelligence services have also come forward to advise businesses to ask their attackers for references before paying ransoms. This needs to be done in the communication channels provided and the attackers will most likely provide information about what companies they have attacked before. These companies can then be approached in order to find out about whether the threat is a legitimate one and whether the ransom needs to be paid or not.

While we’re on the note of paying ransoms, experts are also advising companies to have an access to large sums of Bitcoin on a short notice. This is because the past has taught us that some time ago, most companies didn’t have access to Bitcoins worth $250,000. Because of the significant losses these companies occurred, somewhere around 10 to 20% of the companies out there now have access to such financial sources.

Finally, if companies are implying that an attack is imminent, they should also think about what the consequences will be if the cybercriminals are successful. Therefore, cybersecurity professionals have also advised every organization to protect their crown jewels with an extra layer of security. These could include passwords, usernames, medical information, social security number and the likes.

Experience is simply the name we give our mistakes. And Oscar Wilde can never have been more right – even in the case of cybersecurity!

Simeon Georgiev
https://www.linkedin.com/in/simeon--georgiev/
I am a Cyber Security Enthusiast from Bulgaria. I like to write about malware and ransomware and global cyber attacks. You can reach me on Twitter @sgeorgiev1995 or Email: [email protected]
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