ransomware in ENERGY
Retail is Reeling from Ransomware
Whether it is a brick-and-mortar outlet or ecommerce site, ransomware operators understand that the retail sector is dependent on keeping operations up and running, and any disruption to operations means the organization could be measuring losses by the minute.
When threat actors take down a retailer’s means of making sales, they know they have their victim in tight spot and can make huge ransom demands to restore operations.
Worse yet, the attackers likely exfiltrated sensitive data before delivering the ransomware payload. This can include proprietary information and regulated customer data, putting the organization’s brand and viability at risk.
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The threat to the retail sector from ransomware attacks is escalating at an alarming pace:
71% of ransomware attacks against retailers successfully encrypted data.
Only 26% of attacks against retailers were detected and blocked before data was encrypted.
In 21% of attacks where data was encrypted included the exfiltration of sensitive data.
Legacy security tools were simply not designed to address the unique threat that ransomware presents, and this is why we keep seeing destructive ransomware attacks circumvent these traditional security solutions and impact the retail sector.
Calculate your risk exposure to ransomware
Return on Investment (ROI) is one of the most important metrics in your business. Cybersecurity is no exception. Modern solutions, like Halcyon's multi-layered protection with endpoint resilience, saves you from new ransomware threats, while saving your bottom line too.
Footnotes
Ransomware attacks are one of the biggest threats facing any organization today, and the education sector has been hit particularly hard:
Attacks targeting education institutions spiked to record levels in August of 2023 just as schools were getting ready for the fall term.
Minneapolis Public Schools were extorted for $1 million after attackers threatened to expose sensitive student data including info on sexual assaults, psychiatric diagnosis, abuse, truancy, suicide attempts, and more-
The nonprofit National Student Clearinghouse, which provides data services to roughly 22,000 high schools and 3,600 universities, was the victim of data exfiltration at the hands of ransomware attackers.
Legacy security tools (EPP/EDR/XDR) were simply not designed to address the unique threat that ransomware presents, and this is why we keep seeing destructive ransomware attacks circumvent these traditional security solutions and impact education organizations.
Calculate your risk exposure to ransomware
Return on Investment (ROI) is one of the most important metrics in your business. Cybersecurity is no exception. Modern solutions, like Halcyon's multi-layered protection with endpoint resilience, saves you from new ransomware threats, while saving your bottom line too.
Retailers Require Uptime Reliability
Disruptive ransomware attacks impact the bottom line
People and Processes
The retail sector depends on consistent volume to assure profitability with thin margins, and ransomware attackers understand that disrupting retail operations means damage to the brand and losses accrue fast.
Downtime & Recovery
From first detection to full recovery, it takes on average 21 days to restore operations following a successful ransomware attack, and most retailers would find a disruption on this scale an existential event.
This is why Halcyon enlisted some of the top engineers, data scientists, and threat researchers in cyber security to develop the Halcyon Anti-Ransomware Platform.
Halcyon delivers a purpose-built ransomware prevention solution that provides multiple layers of prevention, detection and recovery through proprietary encryption key material capture that autonomously restores systems to operation in a matter of minutes versus weeks.
Motivations
Ransomware operators leverage these disruptions to force retailers into the position of paying for a decryption key so they can restore operations and resume sales as quickly as possible to minimize potential losses.
Empowering Retail with Resilience
Defense Resilience
Existing EPP/EDR/XDR were not designed to stop ransomware attacks in progress. Halcyon AI/ML models are trained on millions of real-world ransomware attacks to fill the detection and prevention gap left by traditional security tools.
Stop Bypass & Evasion
Ransomware operators disable endpoint security tools with relative ease. Halcyon protects other security tools from being bypassed, unhooked, or blinded during a ransomware attack to increase ROI on all security investments.
Operational Resilience
Ransomware attacks are designed to be disruptive. The unique Halcyon encryption key material capture and anti-data exfiltration features prevent exposure of sensitive data and assure operational resilience against successful attacks.
Halcyon Offers the Most Powerful Ransomware Protection
Legacy security tools are failing to catch the telltale signs of ransomware attacks until it is too late, so we keep seeing destructive attacks circumvent these solutions.
Halcyon Anti-Ransomware Platform
Halcyon is the only platform to leverage advanced AI/ML detection models specifically trained to defeat ransomware. The unique Halcyon Anti-Ransomware Platform is easy to deploy, does not conflict with existing endpoint security solutions, and provides multiple levels of detection, prevention and recovery against ransomware attacks.
Talk to a Halcyon expert today to find out more and check out our Recent Ransomware Attacks resource site to get near real-time tracking of ransomware attacks, threat actor groups and their victims.
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