The risk of a ransomware attack continues to increase at a frightening triple-digit annual growth rate. How bad is it? Bad, really bad. Businesses based in the U.S. face a 60% chance of an attack, compared to 31% chance in EMEA and 9% in the Asia-Pack region. As the attackers’ sophistication increases and cybergangs are forming, it is important to understand what the attackers are going after and how to increase your ransomware resilience.
Ransomware Demand and Payment Trends
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The Cybersecurity Maturity Model Certification (CMMC) 2.0 is the DoD framework designed to enhance cybersecurity and protect against compromise of sensitive defense information on contractors’ systems. Some defense industrial base organizations (DIB) have mistakenly taken a “wait and see” attitude about preparing for CMMC compliance, believing that they will wait until the government finalizes 2.0 requirements. While holding off on the time, resources and budget to prepare for CMMC may seem prudent (and frankly easier to delay), the risks of waiting could have a significantly negative impact on contractors’ revenue. Here’s why:
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If your organization has been working towards NIST 800-171 and is now on the journey to achieve CMMC 2.0 (the Cybersecurity Maturity Model Certification) it can be difficult to understand what you’ve already achieved and what’s left to do. Both standards are intended to reduce threats and strengthen cybersecurity for sensitive government data. Here’s some details on how they relate to each other and what’s involved to take the next steps toward CMMC compliance.
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On February 9, 2020, Infinidat rolled out some major enhancements to its InfiniGuard enterprise data protection platform. The announcement themes revolved around enhanced data protection, faster recovery and overall cyber resilience.
Here are some key takeaways and features worth noting:
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The Cybersecurity Maturity Model Certification (CMMC) Framework is used by the DoD to verify that sensitive data being handled by defense industrial base (DIB) contractors is properly protected on the contractors’ systems to avoid risk of a compromise from a cybersecurity attack. CMMC uses third-party assessment organizations to verify contractors’ safeguarding of controlled unclassified information (CUI) including International Traffic in Arms Regulations (ITAR) data, federal contract information (FCI), and compliance with certain mandatory practices, procedures and capabilities that can adapt to evolving cyber threats.
In November 2021, the DoD announced CMMC 2.0. It’s important to understand key changes and timelines associated with CMMC 2.0, how it compares to CMMC 1.0, and what you need to do to prepare.
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How do you know which level of GCC is right for you? Here’s key criteria to help you distinguish GCC and GCC High so that your organization makes the move to the right cloud.
You can think of GCC as a government version of the Microsoft 365 commercial environment. It resides on the Azure Commercial infrastructure and has many of the same features, but servers must be located in the continental United States (CONUS) as mandated by FedRAMP Moderate. Although the servers are only in CONUS, access to data is available on a global basis. In general, non-defense-related government agencies and contractors can deploy GCC.
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The CMMC 2.0 model consists of 14 domains that assess the previously established NIST 800-171 controls. Here’s what each one is and what it covers.
Access Control: This domain requires your organization to establish who has access to your systems and what their requirements are to operate effectively. As well as who has remote access, internal system access, and the limitations of their roles in system.
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Ransomware has rapidly become the single largest cyber threat we face today and if the first half of 2021 was any indication, things are only going to get worse. Colonial Pipeline, Kia Motors, JBS Foods, Kaseya and CNA Financial have been some of the more notable, high-profile attacks this year. In the case of the Colonial Pipeline, the attack impacted over a dozen U.S. states and cost the company $5 million. Colonial Pipeline was able to recover ~$2.3M of the ransom, but that is often not the case. CNA Financial was not as fortunate and needed to pay an estimated $40 million to retrieve the encryption keys for their data. And ransom from the Kaseya attack, which impacted an estimated 800 to 1,500 businesses, is said to be in the range of $70M which would make it the largest ransom ever paid (should Kaseya decide to pay).
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Cloud security is a constant concern for organizations of every size. Stopping malicious actors from accessing your company’s systems and data is a top priority, but is made difficult by the number of different exploit techniques coupled with the sophistication of the attacks. One area of particular concern is legitimately compromised user credentials. For example, if a password I use frequently (maybe even a strong one) is exposed in a breach of an e-commerce company. The malicious actor located in Moscow who obtains this userID (likely an email of mine) and password then does a quick lookup on LinkedIn and finds that I work at Daymark. From here, the exploit is obvious. They now have a legitimate username and password combination and while we do employ multi-factor, there are constant threats to that.
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Properly securing assets is a constant challenge for IT. Staying one step ahead of the bad actors is a never-ending job and with a well-known shortage of IT security professionals, it’s critical that those of us responsible for protecting systems, networks and data are smart about deploying tools that will help remediate or minimize cybersecurity risks. Microsoft built Azure Security Center to help. It aligns Azure resources with Microsoft best practices to mitigate risks associated with security vulnerabilities that could lead to a breach or other security incident.
Microsoft Security Quick Facts
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