how many ransomware attacks in 2020
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In two incidents, the attackers gained domain admin privileges and used an open-source remote access software, VNC, to perform lateral movement on the targeted network. To learn more about X-Force threat intelligence on ransomware attacks, register to watch our webinar Combatting Ransomware: How Threat Intelligence Enhances Defense for the City of L.A. at 11 a.m. In fact, the twelve hard-coded processes EKANS is designed to kill can be found in the MegaCortex ransomware in addition to dozens more. It is capable of downloading and executing additional payloads, establishing persistence and communicating over the HTTPS protocol. The CVE-2012-0158 is an old vulnerability in Microsoft products, but is still one of the most exploited vulnerabilities in recent years, according to the US CERT. The CVE-2018-8453 resides in the win32k.sys component of Windows, since it fails to properly handle objects in memory. We also wanted to better understand the threat they pose and how to protect against it. Sodinokibi ransomware attacks account for one in three ransomware incidents IBM Security X-Force has responded to in 2020 so far. Conversely, around 35% of MSPs expected to lose no more than 10% of their clients after a ransomware … In a different incident from the beginning of June 2020, it was reported that the IT services giant, Conduent, had also fallen victim to a MAZE gang ransomware attack. This highlights the importance of timely installation of security updates as a defense mechanism to minimize the risk of ransomware and other malware attacks. Consequently, many businesses have invested in ransomware prevention and response. This post will highlight the ransomware types IBM Security X-Force has observed most frequently. Analysis and insights from hundreds of the brightest minds in the cybersecurity industry to help you prove compliance, grow business and stop threats. In January 2020, security researchers reported the REvil gang leveraged the vulnerability in its attack against the Gedia Automotive Group. Although the vulnerability has already been publicly disclosed for some time now and patched back in April 2020, many organizations have not yet patched it and remain exposed to attacks. Then, the attackers turned off security software and infected the system with the REvil ransomware. Figure 3: Buer Loader version released in May 2020. In recent months, the vulnerability was reportedly successfully exploited in a number of ransomware attack incidents. In some instances of ransomware attacks, IBM Security X-Force malware reverse engineers have been able to create a custom decryptor to restore encrypted files. As a first step, the ransomware attempts to resolve a victim’s internal domain name. In an ideal world, organizations would patch every new vulnerability once it’s discovered. If your organization has been a victim of ransomware, we recommend seeking a solution where data can be restored and reputational loss mitigated, rather than paying the attackers. The Sodinokibi/REvil ransomware was first spotted exploiting CVE-2018-8453 in 2019 in multiple attacks in the Asia-Pacific region, including Taiwan, Hong Kong, and South Korea. Some attacks involved ransom demands of more … Yet, even in these difficult situations, there are actions companies can take that can help mitigate risks and minimize damage. With attackers actually stealing company data, ransomware attacks are also becoming data breaches, with the relevant risk and implications that these types of incidents entail. Blending attacks with extortion techniques, some ransomware targets companies’ most critical systems and processes. The professional services sector is the second most targeted industry and has experienced 17% of ransomware attacks. The goal of this analysis is to provide security professionals with an incentive to improve their patching management activities. WILL THE NEW SHAREPOINT FLAW BECOME AN ACTORS’ FAVORITE? We also wanted to better understand the threat they pose and how to protect against it. Our team recently investigated the prominent ransomware attacks reported since the beginning of 2020 in order to draw general conclusions about these attacks and to reveal commonalities between them. Ransomware Leaks Non-Compliant Victims’ Data. In a different incident from the beginning of June 2020, it was reported that the IT services giant, Conduent, had also fallen victim to a MAZE gang ransomware attack. This suggests the attackers discovered the vulnerability even earlier. Even if they are able to restore encrypted files from backup, they may suffer a data breach, loss of data and customer records and have to pay regulatory fines, not to mention repair a damaged reputation. If attackers are able to gain entry into a network, encrypt files and threaten to leak stolen data, some organizations may be tempted to pay the ransom. Ransomware attack methods in 2020 have in many ways put victims in a more difficult position than we have observed previously. 41% of all ransomware attacks IBM Security X-Force analyzed in 2020 targeted organizations with operational technology (OT) networks. Prices for data range from $5,000 to over $20 million in these auctions. Cyber security company Bad Packets reported that Indiabulls used Citrix NetScaler ADC VPN Gateway, which was vulnerable to CVE 2019-19781. Sodinokibi also makes up 29% of all IBM Security X-Force ransomware engagements in 2020, suggesting that Sodinokibi actors are more skilled at gaining access to victim networks when compared to other ransomware strains. Shadow Brokers' Massive Leak Spreads Quickly Across the Dark Web. However, they confirmed that REvil/Sodinokibi ransomware was used in this attack. This tactic places many victims in a catch-22 situation. Attacks on these three industries suggest that ransomware threat actors are seeking out victims with a low tolerance for downtime, such as manufacturing networks. In recent months, security researchers reported exploitation attempts for the CVE-2012-0158 vulnerability in COVID-19-related attacks. In addition, in June 2020, the operators of the Black Kingdom ransomware reportedly attempted to exploit the vulnerability as well. The vulnerability allows the attacker to remotely execute code on the victim’s computer through a specially crafted website, Office or .rtf document. We also wanted to better understand the threat they pose and how to protect against it. The phishing emails sent to the targeted organizations contained malicious files designed to exploit this vulnerability to execute code remotely and infect them with the ransomware. In January 2020, security researchers reported the REvil gang leveraged the vulnerability in its attack against the Gedia Automotive Group. In addition to these sectors, IBM Security X-Force has also noted an uptick in ransomware attacks on academic institutions throughout 2020. The Sodinokibi/REvil ransomware was first spotted exploiting CVE-2018-8453 in 2019 in multiple attacks in the Asia-Pacific region, including Taiwan, Hong Kong, and South Korea. It allows attackers to remotely access the targeted network, remove multi-factor authentication protections and access the logs that contain cached passwords in plain text. Ransomware incidents appeared to explode in June 2020. Our team recently investigated the prominent ransomware attacks reported since the beginning of 2020 in order to draw general conclusions about these attacks and to reveal commonalities between them. ( Log Out /  PERSONAL DATA OF TAIWAN’S ENTIRE POPULATION FOR SALE. Sorry, your blog cannot share posts by email. While this solution tends to be the exception rather than the rule, it underscores the importance of exploring a variety of options before resorting to paying a ransom. Our conservative estimate for Sodinokibi ransomware profits in 2020 is at least $81 million.

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