Understanding the Basics of Ransomware

Ophtek, Phishing, Ransomware, Secure Database, Secure Flashdrive, Secure Website, Security, Updates, , , , ,
07
May 2019

Ransomware has been causing trouble for businesses for many years, so it’s clearly a form of hacking which needs greater understanding to avoid its wrath.

The name ransomware sounds a little threatening and, as with all hacks, it’s hardly the friendliest of exchanges. However, whilst most forms of malware – which ransomware is a strain of – tend to disrupt day to day operations of your IT equipment by either stealing data or putting a strain on your network through DDoS attacks, ransomware is different. Not only does it disrupt your IT operations, but it also delivers a financial threat to your organization.

Due to the double whammy contained within ransomware, it’s crucial that you understand the basics of ransomware, so let’s take a quick look.

What is Ransomware?

Believe it or not, but the very first recorded ransomware attack dates back to 1989 when a hacker was able to hide the files of an infected PC on its hard drive and encrypt the file names. And, to be honest, modern day ransomware still operates in a similar, if not more sophisticated, manner.

Ransomware is a form of malware which, when executed on a user’s PC, is able to take over the victim’s system and encrypt their files. Naturally, files are essential for any organization to operate efficiently and to their maximum productivity, so this is clearly a very debilitating attack. However, to add insult to injury, the hackers then demand a ransom fee to release a key which can decrypt the files and return them to a usable state.

How is Ransomware Executed?

The most common method employed by hackers to execute ransomware on a user’s PC is through phishing emails. These emails, which appear to be genuine, are highly deceptive methods of communication which convince the recipients that they need to open an attachment bundled with the email. However, these attachments are far from genuine and the most likely result of clicking them is that malicious software such as ransomware will be executed.

How Can You Combat Ransomware?

With the average ransom fee demanded by ransomware totaling around $12,000, it’s clearly an irritation that your organization can do without. Thankfully, there are a number of actions you can take to protect your business:

  • Regularly Backup Your Data: As long as your data is regularly backed up, there should be no need to pay the ransom fee. With a comprehensive backup route in place you will be able to easily retrieve your files from an earlier restore point when they weren’t encrypted. 
  • Work with Anti-Malware Software: Most ransomware can be detected by anti-malware software, so it stands to reason that installing this software should make a significant difference to your defenses. Updating this software as soon as any patches or upgrades become available, of course, should be made a priority as it could make a real difference to falling victim to newly released ransomware. 

For more ways to secure and optimize your business technology, contact your local IT professionals.

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Why are Cloud Networks at Risk of Being Hacked in 2018?

Cloud, Cloud Backup, Cyber Attack, Hacking, IT Mistakes, Phishing, Secure Database, Security, , ,
06
Nov 2018

 

Cloud networks are the most important newcomers to storage and networking in a long, long time, but why are cloud networks at risk of being hacked in 2018?

With cloud network revenue set to hit $228 billion in 2019, it’s clear to see that cloud networks have become phenomenally successful and their popularity doesn’t appear to show any signs of slowing down. However, hackers are exceptionally interested in this new slice of digital real estate and, accordingly, are beginning to tailor attacks towards cloud providers. Naturally, new technology is prone to teething issues, but when there’s so much data at risk, it’s understandable that organizations may be a little concerned by the risk of cloud networks being hacked.

Let’s take a look at exactly why there’s a risk of your cloud network being hacked and having all its data compromised.

Hackers Like to Target Big and Sensitive Data

Cloud networks have been readily adopted by many organizations due to the vast benefits they offer, so it should come as no surprise that hackers have followed consumers to the cloud. Organizations are frequently storing entire databases packed full of confidential data which, to a hacker’s eyes, is the ultimate prize. Rather than embarking on time consuming hacking strategies which yield only one employee’s details, hackers are going to go straight to the cloud to obtain as much data as possible.

 

The Cloud Brings New Technology

While organizations are more than aware of firewalls and passwords, cloud networks bring a whole new range of technology that has shifted the goalposts of cyber-security. For example, the cloud is a virtual network rather than a physical network and, accordingly, can’t be treated in the same way as previous technology that organizations have used. New security tools are required to marshal data warehouses in the cloud and, at present, the level of knowledge is, even in many IT professionals, at a naive level.

Human Error is Always an Issue

Employees of any organization that accesses a cloud network are perhaps the biggest threat to cloud security. All it takes is one mistake for a hacker to gain access to your network and, if they access your cloud, this could have catastrophic effects for your organization’s data. As ever, the risk of falling for phishing scams puts the security of your cloud network at risk, but, as covered earlier, the new technology also brings a number of problems to the table such as configuration errors. Amazon, for example, exposed nearly 48 million data profiles earlier this year due to not configuring their cloud correctly.

The Danger of State Sponsored Attacks

Huge organizations that are integral to the running of the country have invested heavily in cloud networks to help store the vast amounts of data that they generate. The result of this is that hackers are continually searching for new and innovative ways to breach cloud security. While their main target may be major corporations, the knowledge that these hackers are gaining means that the ease with which cloud networks can be hacked is increasing. As this knowledge builds and builds, attacks on cloud networks will become easier to execute and more commonplace.

For more ways to secure and optimize your business technology, contact your local IT professionals.

 

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18 Million 8Tracks Users Have Had Their Details Stolen

Hacking, Password Security, Secure Database, Security, , ,
26
Sep 2017

password-security

Customer details such as passwords need to be stored in databases, but what happens when these get hacked? 8Tracks radio service recently found out.

Following a breach of the security around their user data, 8Tracks had the rather unenviable task of announcing a major password security alert. And, seeing as this had the potential to affect 18 million users who are signed up to the service, it demonstrated the fragility of cyber security when it’s not enforced to the letter – as Tumblr found out last year.

The reasons behind this breach are incredibly simple, but the impact of such a breach has the potential to cause major damage for millions of users. It’s a cautionary tale and one which can provide an important lesson to learn.

How were 8Tracks Users Hacked?

8Tracks suspect that their databases were breached following a cyber-attack on one of their employee’s Github accounts – an online storage facility for open source programming code. Github offers two-factor authentication, but, in this instance, the 8Tracks employee didn’t activate this which left them at a slight disadvantage to hackers. And, following an alert from Github that this account had been subject to an unauthorized password change, it became clear that access to 8Tracks networks had also been compromised.

It’s believed that access to prime databases and production servers were not at risk as they were protected by SSH keys which involve sophisticated cryptography and challenge-response authentication. However, the backdoor left open by the 8Tracks employee did expose back up databases which contained email addresses and passwords for 8Tracks users. The passwords, thankfully, were encrypted using salt and hash methods – these techniques make passwords very hard (but not impossible) to crack.

Although it would be highly difficult to hack these salted and hashed passwords through brute force techniques, the very small chance of success was a major headache for 8Tracks. As a result, they had to advise all their customers who had signed up with an email address – those signed up through Facebook and Google authentication were not affected – that they had to change their password immediately. 8Tracks themselves then had to secure their employee’s Github account, change passwords for their own backup systems and restrict access to their repositories.

hacking-2300793_960_720

 

What’s the Impact of the 8Tracks Hack?

It may seem as though the 8Tracks hack is all done and dusted now that users have been advised to change their passwords and the 8Tracks system secured accordingly, but there’s a further problem. For the 18 million users affected, it’s more than likely that a large number of them use the same email address and password to sign into countless services such as Facebook, online banking and even to access their organizations systems, so these are now at risk from unauthorized access.

And this is why it’s so important that password security is taken seriously. Many organizations are now turning to online password storage facilities such as LastPass which provide highly encrypted systems to store the many passwords that your employees may need on a day to day basis. Not only should you consider using systems such as this, but if you’re offered the chance of using two-factor authentication, it should be a no-brainer that you activate this immediately to create stronger defenses for your data.

For more ways to secure and optimize your business technology, contact your local IT professionals.

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