Backups ‘no longer effective’ for stopping ransomware attacks

News and information from the Advent IM team.

Traditional methods of mitigating ransomware are less efficacious thanks to the rise in double and triple extortion techniques

The growth of double extortion – and even triple extortion – ransomware attacks is in danger of rendering common, traditional methods of mitigating the impact of a ransomware hit, such as well-maintained backups, less efficacious, according to a report from machine identity specialist Venafi.

Data collated from Venafi’s worldwide survey of IT and security decision-makers reveal that 83% of successful ransomware attacks now involve alternative extortion methods – for example, using stolen data to extort customers (38%), leaking data to the dark web (35%), and informing customers that their data has been compromised (32%). A mere 17% of attacks merely ask for money for a decryption key.

Venafi said that this means that because ransomware attacks now rely on data exfiltration, effective backup strategies are therefore to some extent “no longer effective” for containing a breach.

Read via Computer Weekly

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