Fortinet, a global leader in broad, integrated and automated cybersecurity solutions, advised organisations in Malaysia to safeguard against ransomware as cybercriminals are continuously inventing more sophisticated forms and ways of distributing it.
With the addition of two common ransomware variants to the RaaS (Ransomware-as-a-service) model, not only ransomware continues to be a clear and present danger to enterprise organisations, but organisations can expect a significant boost in the volume and severity of attacks for the coming year. With the use of RaaS model, the authors of malware are significantly lowering the bar for launching attacks, making ransomware even more accessible and profitable for a growing pool of bad actors.
“Cybercriminals are refining existing malware to evade detection and deliver increasingly sophisticated and malicious attacks. In a world where everything is an “as-a-service,” it is no surprise that RaaS is also growing rapidly. However, as cybercriminals expand the RaaS market to widen their earning potential, enterprises must also significantly step up their efforts to protect themselves,” said Gavin Chow, Fortinet’s Network and Security Strategist.
Organisations need to implement best cyber security practices to protect their networks against ransomware. Fortinet prescribes 10 steps which can be taken immediately:
“Bad actors often focus their attacks to achieve maximum impact and profitability by combining highly targeted attacks with increasingly stealthy and unexpected methods. Organizations that prepare now stand the greatest chance of withstanding this latest wave of malicious criminal activity,” concluded Chow.