ransomware in ENERGY
Getting the Message about Ransomware Threats
Telecommunications providers are a prime target for ransomware operators not only because of the critical nature of the services they provide, but also because they are a conduit for valuable information.
Today’s ransomware operators are keen to exfiltrate sensitive data before delivering the ransomware payload. This can include proprietary and regulated customer data, putting the organization’s entire brand and reputation at risk.
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The threat to the telecommunications sector from ransomware attacks is escalating at an alarming pace, and data exfiltration is top of mind for attackers:
Late in 2023, a ransomware attack on Kyivstar, Ukraine’s main telecommunications provider, disrupted services for more than 24 million users and resulted in the destruction of the telecom’s infrastructure
Just a few months earlier, Chilean telecommunications provider Grupo GTD had operations disrupted following a ransomware attack against its systems
Around the same time, a ransomware attack disrupted British telecommunications giant Lyca and prevented customers from making calls
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 telecommunications 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.
Ransomware is the Ultimate Outage
The threat is already inside the network
People and Processes
Legacy debt from outdated technology combined with a heavily networked structure create gaps throughout the telecommunications IT stack that ransomware attackers leverage to infiltrate systems.
Downtime
It takes on average 21 days to restore operations from a ransomware attack. Telecommunications providers cannot afford disruptions on this scale that can impact everything from emergency services to financial transactions.
This is why Halcyon enlisted some of the top data scientists and threat researchers in the security field 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 attackers understand that disrupting a telecom providers’ operations can lead to a big payout, but the exfiltration of sensitive customer data, like intellectual property and trade secrets, can be more valuable.
Empowering Telecommunications 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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