Kevin Haley, Director of Security Response, Symantec and Matt Sherman, Malware Outbreak Specialist, Symantec
On May 12 2017, a new variant of the WannaCry ransomware (Ransom.Wannacry) suddenly appeared, infecting thousands of computers worldwide within a matter of hours.
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It was a new and particularly dangerous form of threat because of its ability to self-propagate and spread itself across an organization’s network and on to other organizations via the Internet.
The ransomware landscape has shifted dramatically in 2017 and organizations bore the brunt of the damage caused by new, self-propagating threats such as WannaCry and Petya. These outbreaks caused global panic and caught many organizations off-guard, with infections spreading rapidly across corporate networks.
The impact of these incidents will not go unnoticed on the cyber crime underground and it’s likely that other groups may attempt similar tactics. Because of the nature of these attacks, organizations are particularly at risk. Businesses need to educate themselves about this new avenue of attack and ensure they have defenses in place.
Symantec experts recommend adopting a multilayered approach to minimize chances of infection. This strategy includes protecting against ransomware in three stages:
1. Prevent – Preventing infection is by far the best outcome so it pays to pay attention to how infection can be prevented.
2. Contain – In the event of a payload arriving on a computer, a critical step is to limit the spread of the attack.
3. Respond – Contact Incident Response experts, back up important data, and never pay the ransom.
Join us for a discussion about the current state of ransomware and learn the strategies and the technologies for effective protection against ransomware and unknown threats.