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Sunday, September 06, 2020

Ransomware Attacks more Sophisticated

Continued concern of these, facilitated by the openness of our systems to external manipulation.  what is the solution?    The ability to detect particular kinds of patterns of activity that will lead to massive changes in value.   Nice discussion in the FortiGuard doc linked to below:

Ransomware attacks grow in sophistication, according to latest report from FortiGuard Labs  By Mark Albertson in SiliconAngle

When it comes to ransomware attacks, newly released information from FortiGuard Labs shows that the malware’s quality is higher than ever before.

The latest semiannual “FortiGuard Labs Global Threat Landscape” report, released in August, showed that attacks on internet of things and operational-technology devices were “evolving to become more targeted and more sophisticated.”

This was not good news for firms like fitness tracking manufacturer Garmin Inc., which reportedly paid $10 million last month in a recently disclosed ransomware attack.

“We’ve seen things like Master Boot Record, or MBR, ransomware,” said Derek Manky (pictured, left), chief of security insights and global threat alliances at FortiGuard Labs. “This is persistent; it sits before your operating system when you boot up your computer, so it’s hard to get rid of it. It’s prolific, and we’re seeing not only ransomware attacks for data, we’re starting to see ransom for extortion, for targeted ransom cases that are going after critical business.”   .... " 

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