Beware ransomware targeting your backups

When a ransomware attack strikes, you can always turn to your backups, right? Maybe not.

Bad actors have caught on to this common strategy of avoiding having to pay a ransom to get their data back. They’re now aiming to eliminate the possibility of data recovery by attacking the data backups to maximize the impact of their attack, according to recent IDC Research, which also found shows 51% of ransomware attacks in 2023 attempted to destroy or damage backups, and 60% of those attacks were successful.

There are several ways hackers go after your data backups, but there are also things you can do to protect them so that they are still a viable way of restoring your mission critical data and applications after a ransomware attack.

Threat vectors

Hackers have a number of techniques they employ to compromise your backups while targeting you with a ransomware attack.

Social engineering remains one of the most popular methods of hackers; to trick employees into deleting the backed up data, they employ a phishing scam.

Hackers may also delete or encrypt the backups themselves, if they are able to compromise the backup tools by exploiting backup tool or script vulnerabilities, including weak authentication controls or vulnerabilities in the operating systems or storage software that host the backups.

If hackers can steal login credentials for administrators of both production and backup systems, then they can hold all the organization’s data hostage.

Backup safeguards

Even with this shift in strategy, there are ways you can prevent hackers from compromising your data backups using ransomware.

Just as you are already performing regular risk assessments to protect your mission critical data and applications, you need to understand how threat actors might target your backups. You must also consider the reality that it’s not possible to eliminate any risk completely.

Ideally, you want your backups to be offsite and have multiple copies that are stored at different locations, although this increases your data backup costs. Similarly, you should consider spreading your backups across multiple cloud platforms and accounts to increase availability and reliability.

No matter where you store your backups, they should be encrypted, and if possible, you should air-gap at least one of your backups – you can better protect them by disconnecting them from the network, so that even if your primary systems are compromised, there’s no route to them.

Backing up your data isn’t enough protection against ransomware. You need to safeguard your backups just as you do with your mission critical data and applications, and a managed services provider can help.

There are many ways artificial intelligence (AI) and machine learning already impact cybersecurity. You can expect that trend to continue in 2024 – both as tools for data protection as well as a threat.

Balancing Cybersecurity Innovation Amid Evolving Threat Landscapes

Even as you implement AI and machine learning into your cybersecurity strategy through the adoption of tools like Security Orchestration, Automation, and Response (SOAR), Security Information and Event Management (SIEM) and Managed Detection and Response (MDR), so are threat actors. They will continue to update and evolve their own methodologies and tools to compromise their targets by applying AI and machine learning to how they use ransomware, malware and deepfakes.

With small and medium-sized businesses just much at risk as their large enterprise counterparts, SMBs must take advantage of AI and machine learning as mush possible. AI-directed attacks are expected to rise in 2024 in the form of deepfake technologies that make phishing and impersonation more effective, as well as evolving ransomware and malware.

Deepfake social engineering techniques

Deepfake technologies that leverage AI are especially worrisome, as they can create fake content that spurs employees and organizations to work against their best interests. Hackers can use deepfakes to create massive changes with serious financial consequences, including altering stock prices.

Deepfake social engineering techniques will only improve with the use of AI, increasing the likelihood of data breaches through unauthorized access to systems and more authentic looking phishing messages that are more personalized, and hence, more effective.

Countering Cyber Threats and Harnessing Innovation in 2024

If hackers are keen on leveraging AI and machine learning to defeat your cybersecurity, you must be ready to combat them in equal measure – just as AI and machine learning will create new challenges in 2024, they can also help you bolster your cybersecurity. While regulations are being developed to foster ethical use of AI, threat actors are not likely to follow them.

AI will also affect your cyber insurance as your providers will use it to assess your resilience against cyberattacks and adjust your premium payments accordingly. AI presents an opportunity for you to improve your cybersecurity to keep those insurance costs under control.

Conclusion

There’s a lot of doom being predicted around the growing use of AI and machine learning. And while it does pose a risk to your organization and its sensitive data, you can use it to bolster your cybersecurity even as threat actors leverage AI to up the ante. A managed service provider with a focus on security can help you use AI and machine learning to protect your organization as we head into 2024.

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