Intelligent CIO Europe Issue 65 | Page 86

FINAL WORD encrypts and locks all data and files building a code wall until a sum of money is paid .
Ransomware attackers previously requested payments via Western Union or special text message but recently , attackers demand payments via cryptocurrencies such as Bitcoin .
Ransomware attacks are always disruptive and costly whether you pay the criminals to return access to locked systems or not . In 2021 , the average cost of a ransomware attack to an organisation was estimated at US $ 1.85 million including losses from downtime , ransomware fees and other related costs . cause of malware is phishing . By implementing an email filtering and protection system to reduce the number of phishing attempts that reach your mailbox , you can better protect yourself from phishing attempts and malware attacks .
To tackle this problem , ThreatLocker ’ s Allowlisting solution was built to block all unapproved software including malware from executing without approval from an administrative team .
On using Allowlisting , Joseph Undis , Senior Cloud Engineer at TechCon Consulting , said that it completely replaced the need for AppLocker and provided more control to automatically update policies leading to fewer management hours .
3 . Ransomware
In line with malware , ransomware is a type of malicious software purposely designed to block access to a computer system or threaten to release your confidential data online until a sum of money is paid .
In the case of lock-screen ransomware , computers or PCs can be frozen out completely with little or no access to files and systems . The code intrudes ,
As a best practice to prevent ransomware , ThreatLocker recommends that organisations train employees , customers and other end-users to never open attachments or links from untrusted sources . Organisations should also regularly filter mail content and implement a Zero Trust security strategy .
ThreatLocker ’ s Allowlisting solution helps to secure systems by blocking the execution of all unapproved software including ransomware . The solution prevents ransomware from blocking access to a computer system or freezing PCs .
When ThreatLocker organised a live demonstration on what happens when ransomware runs in a Zero Trust environment , Zachary Kinder , President of Net- Tech Consulting , recalled having clients that became victims of ransomware . Kinder testified that working with the team ‘ was a light bulb moment ’ in protecting over 1,000 endpoints for his clients , helping him ‘ sleep better at night ’.
Final takeaway
Digital Transformation has fundamentally changed the way modern businesses innovate and operate . Every day , new security solutions and deployment guides to expedite Zero Trust adoption are redefining the rules of IT security for the modern Internet-driven , cloudfirst businesses .
The continued evolution in the cybersecurity landscape is a clear indication that businesses need to develop a holistic approach to securing data and systems .
The continued evolution in the cybersecurity landscape is a clear indication that businesses need to develop a holistic approach to securing data and systems .
The solution , therefore , lies in finding security partners that will equip and proactively defend organisations against countless cyberthreats – IT professionals who can build Zero Trust security solutions with a unified approach to protecting users , devices and networks from cyberthreats and have a goal to put organisations in complete control . p
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