{"id":71454,"date":"2022-12-08T03:13:00","date_gmt":"2022-12-08T08:13:00","guid":{"rendered":"http:\/\/blog.cybercon1.com\/?p=71454"},"modified":"2023-03-07T17:21:32","modified_gmt":"2023-03-07T22:21:32","slug":"3-reasons-why-encryption-alone-is-not-a-silver-bullet-for-ransomware","status":"publish","type":"post","link":"https:\/\/blog.cyberconservices.com\/index.php\/2022\/12\/08\/3-reasons-why-encryption-alone-is-not-a-silver-bullet-for-ransomware\/","title":{"rendered":"3 Reasons Why Encryption Alone Is Not A Silver Bullet For Ransomware"},"content":{"rendered":"\n

By Bob Lam<\/a><\/strong> – If there\u2019s one threat that keeps your average IT security leader awake at night, it\u2019s undoubtedly the threat of ransomware <\/strong>that continues to plague businesses of every stripe and size across the globe. One recent report<\/a> predicts that by 2031, ransomware will cost the economy around $265 billion each year, with a new attack happening every two seconds.<\/p>\n\n\n\n

The ransomware<\/strong> epidemic has grown so dire that some of the largest cyber-insurance providers<\/a> are declining to offer coverage due to the “systemic risk” that these threats represent. Insurers are increasingly reluctant to offer coverage unless an organization can first demonstrate adherence to strict compliance frameworks and certify that they have strong data security measures in place.<\/p>\n\n\n\n

ven after a ransom has been paid, it\u2019s unlikely a company\u2019s data will be retrieved. One industry study<\/a> noted that only 8% of victims were able to recover their data after paying a ransom, while nearly a third reported that they were unable to recover more than half of their data.<\/p>\n\n\n\n

While businesses have gotten savvier about defending themselves against ransomware<\/strong> attacks, from improving employee awareness around phishing and hardening their backup and recovery systems to employing end-to-end encryption, attackers continue to evolve their tactics and techniques in their perpetual efforts to infiltrate the network perimeter. Read On:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Bob Lam – If there\u2019s one threat that keeps your average IT security leader awake at night, it\u2019s undoubtedly the threat of ransomware that continues to plague businesses of every stripe and size across the globe. One recent report predicts that …<\/span> Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":76422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[636],"tags":[637],"class_list":["post-71454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ransomware","tag-ransomware"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/blog.cyberconservices.com\/wp-content\/uploads\/2022\/12\/bullets-6794245_1920-1536x1152-1.jpg?fit=1536%2C1152&ssl=1","jetpack-related-posts":[{"id":76717,"url":"https:\/\/blog.cyberconservices.com\/index.php\/2023\/04\/25\/ransomware-101-exploring-its-inner-workings\/","url_meta":{"origin":71454,"position":0},"title":"Ransomware 101: Exploring Its Inner Workings","author":"Rick Backus","date":"April 25, 2023","format":false,"excerpt":"Ransomware is a type of malicious software that encrypts files and demands payment for decryption. It is a growing threat to businesses and individuals, with increasingly sophisticated attack methods. Understanding how ransomware works is crucial to protecting yourself and your data.","rel":"","context":"In "Blog"","block_context":{"text":"Blog","link":"https:\/\/blog.cyberconservices.com\/index.php\/category\/blog\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/blog.cyberconservices.com\/wp-content\/uploads\/2023\/04\/Kidnappers-1.png?fit=1024%2C1024&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/blog.cyberconservices.com\/wp-content\/uploads\/2023\/04\/Kidnappers-1.png?fit=1024%2C1024&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/blog.cyberconservices.com\/wp-content\/uploads\/2023\/04\/Kidnappers-1.png?fit=1024%2C1024&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/blog.cyberconservices.com\/wp-content\/uploads\/2023\/04\/Kidnappers-1.png?fit=1024%2C1024&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":33052,"url":"https:\/\/blog.cyberconservices.com\/index.php\/2020\/01\/02\/ransomware-situation-goes-from-bad-to-worse\/","url_meta":{"origin":71454,"position":1},"title":"Ransomware Situation Goes From Bad to Worse","author":"Rick Backus","date":"January 2, 2020","format":false,"excerpt":"By Jai Vijayan - The surge in ransomware attacks on cities, municipalities, schools, and healthcare organizations this year is just a foretaste of what is likely come in 2020. Threat actors have sensed a very real opportunity to make big returns attacking enterprise organizations using ransomware and are refining their\u2026","rel":"","context":"In "Ransomware"","block_context":{"text":"Ransomware","link":"https:\/\/blog.cyberconservices.com\/index.php\/category\/ransomware\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/cdn.pixabay.com\/photo\/2012\/11\/07\/07\/31\/man-65049__340.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":32953,"url":"https:\/\/blog.cyberconservices.com\/index.php\/2019\/10\/30\/ransomware-the-nightmare-before-cyber-monday\/","url_meta":{"origin":71454,"position":2},"title":"Ransomware: The Nightmare Before Cyber Monday","author":"Rick Backus","date":"October 30, 2019","format":false,"excerpt":"The number of ransomware attacks on enterprises is up 500% from this time last year. Threat actors are becoming increasingly sophisticated and targeted. Ransomware is a business, and these actors want to get paid.\u00a0 Researcher Madeline Cyr interviewed me to help retailers understand the threat of ransomware for the upcoming\u2026","rel":"","context":"In "Ransomware"","block_context":{"text":"Ransomware","link":"https:\/\/blog.cyberconservices.com\/index.php\/category\/ransomware\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.cyberconservices.com\/wp-content\/uploads\/2019\/10\/skull-307778__340-300x205.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":34410,"url":"https:\/\/blog.cyberconservices.com\/index.php\/2020\/07\/08\/ransomware-has-a-new-and-very-valuable-hostage-in-sight\/","url_meta":{"origin":71454,"position":3},"title":"Ransomware Has A New And Very Valuable Hostage In Sight","author":"Rick Backus","date":"July 8, 2020","format":false,"excerpt":"Bob Zukis - Cybercriminals have figured out that fencing stolen data is a lot more work than just holding it hostage. It also doesn't pay as well. Ransomware is a rapidly growing cyber threat, and attacks overall were\u00a0up 25% in Q1. Ransomware continues to proliferate as an effective cybersecurity threat\u2026","rel":"","context":"In "Ransomware"","block_context":{"text":"Ransomware","link":"https:\/\/blog.cyberconservices.com\/index.php\/category\/ransomware\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/cdn.pixabay.com\/photo\/2020\/01\/07\/09\/33\/matrix-4747148__340.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/cdn.pixabay.com\/photo\/2020\/01\/07\/09\/33\/matrix-4747148__340.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/cdn.pixabay.com\/photo\/2020\/01\/07\/09\/33\/matrix-4747148__340.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":33222,"url":"https:\/\/blog.cyberconservices.com\/index.php\/2020\/03\/18\/beware-of-this-new-windows-10-ransomware-threat-hiding-in-plain-sight\/","url_meta":{"origin":71454,"position":4},"title":"Beware Of This New Windows 10 Ransomware Threat Hiding In Plain Sight","author":"Rick Backus","date":"March 18, 2020","format":false,"excerpt":"By Davey Winder - Windows users have become accustomed to warnings related to system updates, like the recent report of a threat campaign that specifically\u00a0targets newly updated Windows 10 systems, for example. Now, as picked up by the folk over at\u00a0Bleeping Computer, it seems that threat actors are using Windows\u2026","rel":"","context":"In "Ransomware"","block_context":{"text":"Ransomware","link":"https:\/\/blog.cyberconservices.com\/index.php\/category\/ransomware\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/cdn.pixabay.com\/photo\/2016\/07\/22\/20\/51\/windows-10-1535765__340.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":46367,"url":"https:\/\/blog.cyberconservices.com\/index.php\/2021\/12\/20\/ransomware-in-2022-were-all-screwed\/","url_meta":{"origin":71454,"position":5},"title":"Ransomware in 2022: We’re all screwed","author":"Rick Backus","date":"December 20, 2021","format":false,"excerpt":"Written by\u00a0Charlie Osborne - Ransomware is now a primary threat for businesses, and with the past year or so considered the \"golden era\" for operators, cybersecurity experts believe this criminal enterprise will reach new heights in the future.\u00a0 Kronos.\u00a0Colonial Pipeline.\u00a0JBS.\u00a0Kaseya. 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