2019: Year of the Ransomware

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This year is shaping up to be one of the biggest for Ransomware with attacking becoming increasingly successful through highly targeted campaigns and is on track to 2021 estimates of US$6 Trillion in damages.

The latest group of victims have been hospitals in Gippsland, Geelong and Warranambol impacting health services across Victoria. This latest attack is believed to have been carried out by sophisticated cyber criminals that have found ways around the defenses in place on the various networks that support the medical services.
This attacks commonly come with large payment demands in exchange for a decryption key to “unlock” systems but so far no communication from the cybercriminals have been made.

Over the last few months, cybercrime syndicates have targeted municipal organisations in the US including Local Government, Law Enforcement Offices and other essential civic services with a degree of success.

The effect has not only emboldened criminals to continue with highly targeted operations with bigger payouts, it has also resulted in some cyber-insurance providers to refuse to renew policies for recently plundered businesses.

Now more than ever it is important to be more aware of the risks and put in place countermeasures to bounce back from the inevitable event when a criminal slips past your defences.

If you have any questions, I am more than happy to help and if you want to stay on top of the latest security updates consider subscribing to my free cyber security newsletter delivered direct to your inbox.

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