A large-scale ransomware attack led the Colonial Pipeline to shut down its 5,500-mile gasoline pipeline. The pipeline is one of the largest conduits for gasoline in the country; it funnels nearly half of the gasoline used by the entire East Coast. This hack illuminates the reality that no industry, business, or organization is safe from ransomware attacks.
Colonial Pipeline’s operator suffered what is believed to be one of the largest cyber attacks on the oil infrastructure in United States’ history. Ransomware attacks are performed when hackers take computerized systems hostage until a payment has been made. The pipeline hack took nearly 100 gigabytes of data out of Colonial’s network in nearly two hours, and an undisclosed amount was requested as ransom.
The FBI confirmed that a hacker group originating in Russia named “DarkSide” is responsible for the attack.
Eric Goldstein, executive assistant director of the cybersecurity division at the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency shared the following with The Washington Post.
“We are engaged with the company and our interagency partners regarding the situation. This underscores the threat that ransomware poses to organizations regardless of size or sector. We encourage every organization to take action to strengthen their cybersecurity posture to reduce their exposure to these types of threats.”
Proactive prevention is the most effective defense an organization can take in protecting themselves from ransomware attacks. Dynamic Quest recommends that organizations take the following preventative measures to protect their computerized networks from falling victim to a devastating ransomware attack.
Ransomware is the fastest growing malware threat, and it does not discriminate when it comes to organization industry and size. Business owners can benefit from an effective prevention and response strategy that will significantly mitigate the risk your organization faces.
Talk with one of Dynamic Quest’s cyber security professionals today to discuss what your business can do to protect your critical information.
$500 billion will be spent in the greater cloud market by 2020.
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Billions of devices will be connected to the Internet of Things by 2025, exponentially increasing demand for MSPs to back up growing companies.
More than 90% of businesses are either evaluating, adopting or embracing the cloud.
93% of businesses file for bankruptcy after losing data for 10 or more days.
71% of SMBs are outsourcing their IT needs to a managed service provider.
70% of SMBs reported suffering a security breach during the previous 12 months – and companies with fewer than 500 employees were the most vulnerable, with a 75% breach rate.
The average price of a data breach now stands at about $4 million.