ransomware in ENERGY
Technology Providers Targeted by Ransomware
Aside from the risk of production and services downtime, the threat posed by ransomware attacks for technology providers also includes the risk of downstream attacks against clients and the exfiltration of sensitive customer data, both of which can significantly harm a company’s reputation.
For example, in 2021, an attack on IT services provider Kaseya allowed threat actors to leverage the Kaseya VSA (Virtual System Administrator) to distribute ransomware to as many as 2000 of their customers, some of which were Managed Services Providers (MSPs) who in turn had their customers put at risk.
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The threat to the technology sector from disruptive ransomware attacks is escalating at an alarming pace, and it’s about more than disruptions:
The world’s largest semiconductor supplier NVIDIA was victimized by a ransomware attack that included the exfiltration of as much as 1TB of data and led to the disclosure of employee credentials and proprietary intellectual property.
IT provider Cisco disclosed it was the victim of a ransomware attack that compromised employee credentials and allowed the attackers to enroll a slew of unapproved devices for Multifactor Authentication with elevated administrative privileges and broad permissions to login to other systems.
Dish Network reported they were hit by a ransomware attack that included the exfiltration of sensitive data and took down the Dish.com, Dish Anywhere, and other Dish Network domains and services.
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 technology 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.
Protecting Systems and Intellectual Property
Defending against more than malicious code
People and Processes
A good portion of the technology sector manifests as products and services other industries depend on for operations, so disruptions from ransomware attacks can have widespread impact beyond the victim organization.
Downtime and Recovery
From initial detection to full recovery, it takes on average 22 days (about 3 weeks) to restore operations following a successful ransomware attack. Technology providers cannot afford weeks of downtime and closures.
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 understand that technology companies have a tremendous amount of proprietary and intellectual property that can be leveraged for additional extortion opportunities beyond the initial ransom demand.
Empowering Technology 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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