Comment on recent ransomeware attacks - WannaCry & Petya
Source: Procre8 for Infoblox , Author: Cherif Sleiman
Posted: Mon July 3, 2017 2:02 pm

UAE. "Ransomware is massively increasing in popularity – with criminals seeing a greater return on ransom, over the smash and grab approach to cybercrime. WannaCry attack was largely reported as the world’s largest ransomware attack, but Petya, the latest attack indicates that, only a month on, it’s possible that the trend is only set to grow.
 
The last Infoblox DNS Threat Index reported a 3,500 per cent increase in domains that either hosted or communicated with malicious ransomware downloads was recorded in the first quarter of last year, and its commoditisation through cyber-crime toolkits means that even the most novice criminal can deploy it.
 
If they haven’t done so already, organisations need to ensure that their security measures are up to scratch: from having all software patched and up to date and making sure users observe best practice, to deploying DNS effectively as an enforcement point to block ransomware.
 
While ransomware has traditionally posed a threat to consumers and their personal data, attacks such as this demonstrate that the risk to national infrastructure is far greater. With power grids and transport hubs at the risk of being shut down, the extent to which attacks such as these can pose a risk to national safety is abundantly clear.”

Spokesperson: Cherif Sleiman, Vice President EMEA at Infoblox

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: May 22, 2018
UAE. Cyber-criminals are turning their attention to the supply chain as a new means to exploit business data.
date:Posted: May 21, 2018
UAE. A new defence is being developed that will allow companies to tackle the latest threats as soon as they appear on the network; Machine learning enables AI to detect patterns in all sorts of data sources and create behaviours based on recognized patterns.
date:Posted: May 17, 2018
UAE. The report states that 50% of SME funding applications are rejected by banks and that alternative trade finance, powered by FinTech and Blockchain, is on the rise.
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