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Beware of Emerging Threats – Dual Ransomware Attacks & Sneaky Dropbox Campaign

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Watch out – two new cyberthreats are lurking in the shadows ready to strike. Dual ransomware attacks and BEC 3.0 are the latest weapons in hackers’ arsenals, poised to wreak havoc on unsuspecting businesses.

Think your company is safe? Think again. These advanced persistent threats are smarter, stealthier, and more destructive than anything you’ve seen before. The cybersecurity landscape is evolving rapidly, and awareness is your first line of defense. So read on, stay vigilant, and make sure your defenses are ready for the cyber threats of tomorrow!

The Double Trouble: Dual Ransomware Strikes

Picture this: your organization falls victim to not one, but two ransomware attacks in quick succession. Cybercriminals are employing this crafty tactic, using diverse ransomware variants such as AvosLocker, Diamond, Hive, Karakurt, LockBit, Quantum, and Royal. This dual threat spells data encryption, exfiltration, and financial losses, demanding immediate attention.

Mitigation Steps recommended by Fidelis Security

– Safeguard data with encrypted offline backups.

– Scrutinize third-party vendors to fortify defenses.

– Enforce stringent application and remote access policies.

– Keep a watchful eye on remote connections and document them.

– Fortify security with robust identity and access management.

BEC 3.0: Unmasking the Deceptive Email Threat

Business Email Compromise (BEC) has undergone a transformation into BEC 3.0, a sophisticated ploy that exploits trusted platforms. Cybercriminals craft seemingly authentic emails from well-known services like Dropbox, Google, QuickBooks, or PayPal, tempting victims to download files. The twist? Clicking leads to a legitimate looking URL, but then mimics the intended DropBox, OneDrive, etc page were victims. Victims are then directed to a counterfeit login page to pilfer credentials.

Suggested BEC countermeasures From Fidelis Security

– Routinely train employees on current BEC tactics.
– Utilize a real-time mail proxy/inspection vendor to detect attacks. 

– Instill vigilance in handling unfamiliar emails and links.

– Bolster security with comprehensive solutions.

– Stay updated on the rising BEC threat landscape.

– Enhance defenses with robust identity and access controls.

The Financial Impact and the Need for On-going Vigilance

The financial repercussions of these threats are staggering. BEC attacks have cost businesses over $50 billion in the last decade, with a 17% year-over-year increase in 2022. Meanwhile, dual ransomware assaults can lead to substantial financial losses and data breaches.

To safeguard your organization, perpetual vigilance is key. Cyber threats are perpetually evolving, and remaining proactive and well-informed is your ultimate defense.

How these can be harmful for your Organization and How Fidelis is responding
These attacks can disrupt daily operations, causing downtime and productivity losses, affecting your organization’s ability to serve customers and meet project deadlines.

Fidelis Security is continuously advancing cybersecurity solutions to get ahead of threats before they become breaches. Our patented inspection engine and integration across network, endpoint, and deception provides unmatched visibility, threat hunting, and proactive response capabilities to fortify organizations against emerging attacks.

See how Fidelis is Responding
To Ransomware –
Fidelis Network Detection and Response (NDR) can protect against dual ransomware threats by offering:

  • Real-time monitoring with Deep Packet Inspection and DNS anomaly detection.
  • Antivirus detection to identify known ransomware variants.
  • Multiple detection methods and event-based analysis.
  • Historical data storage for threat hunting.
  • Endpoint protection with agent-based detection and response.

Fidelis NDR’s multi-faceted approach helps detect and respond to various ransomware variants quickly and effectively, safeguarding data and preventing financial losses.

To BEC –
Fidelis’ email security offers protection against BEC 3.0 threats by detecting malicious content and phishing attempts, analyzing URLs to identify counterfeit login pages, and enabling real-time threat intelligence integration to safeguard email communications.

Conclusion: Fortify Your Digital Future

In today’s digital landscape, cybersecurity is not merely a concern for IT departments; it’s a strategic imperative for every organization. Dual ransomware attacks and BEC 3.0 are just two facets of the ever-evolving threat panorama. By adhering to the recommended mitigation strategies and sustaining a proactive cybersecurity stance, you can keep your organization ahead of cyber adversaries, preserving your invaluable data and assets.

Divyanshi Jha

Divyanshi is a marketing professional who enjoys staying on top of emerging cybersecurity threats and trends to create informative content for her blogs.

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