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Ransomware has become one of cybersecurity’s most widespread and well-known malware risks. Ransomware attacks, directly on corporate entities, grew dramatically in 2020 when many companies were in the crosshairs of malicious actors. When cybercriminals use modern and advanced methods to hack computers and networks, these attacks are becoming increasingly complex. 

This article will detail some main results from “The State of Ransomware 2020” and “State of Malware” studies from Malwarebytes 2020, which provide brand-new insight into recent ransomware attacks and expose the effect on overall recovery costs of meeting the demands of threat actors. But let’s quickly discuss the idea of a ransomware attack, before we look at the results to ensure that you are aware of the various attack vectors.

Ransomware is a form of malware that, by encrypting its files in a way that you cannot access them normally, seizes control of your computer. Usually, it spreads through malicious emails asking you to download an attachment. The update activates a program that infects your machine when you do so.

In addition to ransomware emails, on compromised websites and drive-by downloads that manipulate endpoints to infect entire networks, you can also get infected through malicious ads. There is also a possibility of advanced infection via remote desktop services.

Malware reports

The 2020 State of Malware Report contains data sets gathered by Malwarebytes threat analysts and reporters from product telemetry, honey pots, intelligence, and other analysis to examine the top threats delivered by cybercriminals to companies in 2019.

Most of last year’s high-profile cyberattacks consisted of ransomware, with advanced families such as Ryuk and Sodinokibi creating havoc on business networks. Ryuk and Sodinokibi were the two most used ransomware variants in Q1, 2020.

Mac and Windows PCs, Android and iOS Threat Analysis

The macOS operating system of Apple is no longer the safe haven it was once believed to be from cybercrime. This is according to Malwarebytes, a security provider, and its “2020 State of Malware Survey,” which contains some disturbing figures for those responsible for cybersecurity. The study includes the Windows, Mac, and Android operating system vulnerability environments, as well as the network threat environment.

One of the most surprising discoveries was that threats to OS X-based machines have risen and risen from the previous year by more than 400 percent in 2019. In 2019, Malwarebytes found an average of 11 threats per Mac endpoint, almost double the average of 5.8 threats on Windows per endpoint. Statcounter GlobalStats indicates that OS X has approximately 8% worldwide market share, suggesting that only a small portion of the OS market can be impacted by the rise in threat activity.

The results show that in 2020, ransomware was a very real problem and is projected to remain so in the near future. As such, to prevent unauthorized file encryption, it is necessary to invest in ransomware removal and detection technology. It also helps to make frequent backups and store offline and offsite data, as it costs far less to recover backup data than to pay the ransom.

Increasing Ransomware Activity

The regular average of attacks has risen by 50 percent in the last quarter of 2020 compared to the first half of 2020.

The pandemic has pushed companies, often leaving holes in their IT processes, to make rapid changes to their business structures. These holes have created the ability for cybercriminals to exploit security flaws and penetrate a network of organizations. Hackers are going to encrypt hundreds of thousands of files, incapacitate users, and also take hostage entire networks. Organizations actually choose to pay the price in certain situations rather than coping with encrypted files and recovering their IT structures.

The year 2020 marks the transition to a new decade, and a similar shift in the threat environment is suggested by recent notable events and trends. Cybersecurity will have to be seen through multiple lenses in 2021 and beyond, from diverse motives for attackers and cyber-criminal arsenals to advancing technical advances and global threat intelligence. Forecasts for 2021 will quickly show you the thought-provoking, imaginative, competent analysis, and packaging that set this study apart.

2021 cybersecurity predictions

Deep Fake Threats

Facebook has prohibited deep fakes in 2020. Given the politically charged atmosphere that was heading into the US election, I think we’re going to see deep fakes being a concern on the campaign trail as well as a major security threat to business.

Security Vendors in hackers’ Crosshairs

Security providers must be the platinum standard for security; for example, if your company has a database with exposed passwords, it is important that they be correctly encrypted and hashed.

Political currency

Politicians recognize that people depend on them for digital security, and technical expertise and research will become an increasingly important bipartisan must-have.

The new decade will continue to bring more attacks on businesses that have yet to implement a layered authentication strategy.

Finally, to protect against all vectors of ransomware attacks, companies should consider introducing layered security consisting of stable email gateway technologies, employee training, network patching, device upgrades, and application whitelisting.

Popular vendor prediction themes included the U.S. elections in 2020, more targeted malware, more ways to attack the cloud, and an explosion of deep technical issues. There is debate as we move into 2021 on the most serious cyber threats to concentrate on, even though everyone agrees that cybersecurity is more important than ever before.

Imagine how easy could be for cybercriminals to hold a ransom to your company network or personal computer hijacked, if as users, there are no security measures in place, a trojan could be easily installed in your computer if the “trusted” sender has its computer compromised.

Using only trustable tools for sharing and requesting sensitive information in addition to high-level security standards and tools could dramatically prevent to possibilities of a hijack, solutions like Fortknoxster help individuals and businesses to keep a risk free information transfer.

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