The recent global media response to the WannaCry attack will raise awareness to a threat that we have been talking about for quite some time – Ransomware. However, it will be business executives’ response to the recent global ransomware attack that will be far more important than the media’s reaction.
Some general observations:
WannaCry isn’t the first Ransomware attack, and it won’t be the last – there is money to be made by the bad guys
Ransomware has been growing in sophistication and reach for years. As InfoSecurity Magazine recently noted, the threat is only going to continue to evolve in dangerous and damaging ways. The reason for the growth of the ransomware threat is that there is a profit motive behind it – ransoms paid in bitcoin. Past malware that was simply destructive and mischievous now looks quaint by comparison. Business leadership needs to challenge their organizations to guard against this growing threat today.
We got off lucky – it could have been worse
All executives, not just IT executives, need to recognize that this could have been a lot worse and most were not prepared. In many ways, we got lucky thanks to some benign intervention. Executives need to start developing strategies and execute on new lines of defense to this evolving set of threats. The last and most important line of defense to ransomware should be cloud based endpoint data protection and backup. As the New York Times recently advised, front line defenses such as anti-malware software are important, but not sufficient. Because of the profit motive, the perpetrators of ransomware have an incentive to be one step ahead of the anti-malware vendors.
Public clouds worked
Microsoft Azure, Amazon Web Services, and Google Cloud all worked just fine through the worst of the incident. These enterprise-class clouds are spending billions of dollars on secure, reliable, and scalable infrastructure. Datacastle’s customers needed to perform restores of data during the crisis. These customers turned to Datacastle RED vaults hosted in the public cloud and restored their data in their moment of greatest need. For IT leaders that have been reluctant to turn to the public cloud for backup, now is the time to recognize the strengths and benefits to using the public cloud. The perpetrators of ransomware have upped their game. Use the public cloud to up your game as well.
Invest in your strongest line of defense against ransomware. Start using a robust, cloud-based endpoint data protection and backup solution. To learn more about Datacastle RED, please go to http://www.datacastlered.com.