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Ransomware 2.0 is around the corner and it's a massive threat to the enterprise

From TechRepublic

"Despite the efforts made to improve cyber security at many organisations, there are too many systems with aging infrastructure and vulnerabilities that leave companies at risk, with ransomware one of the most sinister threats, according to a new Cisco report.

Ransomware is a top concern because it's become an area of intense focus for cyber criminals due to its effectiveness at generating revenue. Once a cyber criminal hacks into a company's files and encrypts them, victims have little option but to pay the asking price for the code to decrypt their files. Ransomware is becoming more ominous as new versions are continually being developed.

‘The landscape is simple. Attackers can move at will. They're shifting their tactics all the time. Defenders have a number of processes they have to go through,’ said Jason Brvenik, principal engineer with Cisco's security business group, discussing the Cisco 2016 Midyear Cybersecurity Report.

Cisco used data from its customers to create the report, since there are more than 16 billion web requests that go through the Cisco system daily, with nearly 20 billion threats blocked daily and with more than 1.5 million unique malware samples daily, which works out to 17 new pieces of malware every second, Brvenik said.”

Read more at TechRepublic


NCC Weekly News Update 26 July 2016 

 

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