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Increase in Privacy threat and ransomwares 

The threat of ransomware has become more serious during the Covid-19 pandemic. At least 61  organizations from the Asia Pacific region had fallen prey to ransomware 2.0, according to  experts at global cybersecurity firm, Kaspersky

 

 

The company says the emergence of this new version referred to as ransomware 2.0, poses threats that go beyond keeping a company or organization’s data hostage. Ransomware 2.0 basically refers to those ransomware families that have moved from data hostage to data exfiltration, coupled with extortion. This is causing significant monetary loss and reputation damage to  organizations. Two popular ransomware groups targeting users in the Asia Pacific region are  REvil and JSWorm, according to Kaspersky. 

Last year, out of 1,764 victims, around 635 were from the Asia Pacific region, as per Alexey  Shulmin, Chief Malware Analyst of Kaspersky. In this region, Vietnam, mainland China, and  India were the top most targeted countries. Globally, Brazil was the most affected, followed  by Vietnam, South Africa, China, and India. 

 

 

Kaspersky discovered that the number of JSWorm cases was lower than REvil, but it is also gaining ground in the APAC region. Based on the data shared by Kaspersky, 30 percent of the attacks impacted engineering and manufacturing sector, which was the most affected. The list also included Finance (14 percent) and Professional and Consumer Services (14 percent). Apart from these, the Legal, IT, and Telecommunication sectors, and  Food and Beverage industries were also attacked (7 percent). To stay safe from Ransomware 2.0, Kaspersky advises enterprises and organizations to keep  their operating systems and software patched and up to date. Firms can also carry out a  security assessment on their network and use secure technologies for remote connection. 

To conclude, privacy and personal security are the two main things at risk here and therefore we all  must take care of our data and verify everything before doing anything. So, think smartly and stay safe. 

 

By ~ Ansh Barman