As ransomware threats continue to evolve, security and risk management leaders must stay ahead by adopting comprehensive strategies to protect their organizations. The 2024 Gartner report, “How to Prepare for Ransomware Attacks”, provides critical insights into the latest tactics used by bad actors and offers practical solutions on how to fortify defenses.
Below, we highlight our four key strategy takeaways from the report to help your organization prepare for and respond to ransomware attacks.
Adapt to the rise of extortionware
Traditional ransomware tactics are shifting towards extortionware—where attackers steal data and demand payment for its destruction rather than encrypting it. This growing threat emphasizes the need for robust data protection strategies.
According to Gartner: "Extortionware (encryption-free, data theft attack) is a growing tactic being used by bad actors."
This evolution in tactics, which includes the emergence of 21 new ransomware groups in the first half of 2024, as noted in Rapid7’s Ransomware Radar Report, underscores the need for organizations to continuously update their defenses to counter new threats.
Actionable Strategy: Regularly update your threat models and security measures to account for new and emerging ransomware groups. Invest in advanced threat intelligence to stay informed about the latest tactics used by these criminal enterprises.
Strengthen your defenses with advanced detection technologies
This is increasingly important as ransomware attacks are becoming more frequent and sophisticated. Rapid7’s research highlights a 23% increase in ransomware posts on leak sites during the first half of 2024, further emphasizing the growing threat landscape.
We believe Gartner reinforces the importance of detection, stating: "… identity threat detection and response (NDR) tools collect indicators of compromise (IOCs) and events that alert you to anomalous behaviors that could indicate that an attack 'may' be underway."< ..
Support the originator by clicking the read the rest link below.
