Tag: IT Security

  • Cloud Ransomware Attacks Surge as Organizations Struggle with Security

    Cloud Ransomware Attacks Surge as Organizations Struggle with Security

    A recent report by Rubrik reveals alarming trends in cyberattacks, with a staggering 90% of IT and security leaders reporting that their organizations faced a cyberattack in the past year. The persistence of ransomware attacks and a growing reliance on hybrid cloud environments highlight the urgent need for enhanced security measures, as many firms are left vulnerable due to misconceptions regarding their cloud service providers’ responsibility for data protection.

    Joe Hladik, Head of Rubrik Zero Labs, noted that the continued exploitation of hybrid cloud vulnerabilities indicates that cybercriminals remain ahead of the game. The report emphasizes that organizations must adopt a proactive approach to safeguarding their most valuable data and prioritize a data-centric security strategy that emphasizes visibility and quick recovery mechanisms. “The need for a data-centric security strategy that prioritizes visibility, control, and quick recovery has never been more urgent,” Hladik stated.

    The report also pointed out that nearly one-fifth of organizations faced over 25 cyberattacks in 2024 alone, averaging at least one breach every other week. The most prevalent attack vectors included data breaches (30%), malware on devices (29%), cloud or SaaS breaches (28%), phishing (28%), and insider threats (28%). The consequences of these attacks were significant, with 40% of respondents experiencing increased security costs and 37% noting reputational damage and lost customer trust.

    Despite the inevitable shift towards cloud adoption, challenges such as understanding application dependencies and managing hybrid environments continue to hinder full implementation. Approximately 90% of IT and security leaders manage hybrid cloud setups, with half reporting that most of their workloads have transitioned to the cloud. However, a prevalent misconception persists: the belief that cloud providers will entirely safeguard their users’ data, which often leads to a false sense of security.

    The report underscores the crisis in data recovery strategies, as 86% of organizations that experienced successful ransomware attacks last year reported paying a ransom to recover their data. Alarmingly, 74% of these organizations indicated that threat actors compromised their backup and recovery systems. With the increasing use of multiple cloud platforms—92% of organizations are utilizing two to five—it is evident that weak points in identity and access management are being exploited, exacerbating the ransomware threat.

    Insider threats are also a growing concern, with 28% of IT leaders highlighting that compromised credentials often drive these incidents. Moreover, a significant portion of high-risk sensitive files contains valuable digital data such as API keys and usernames, which are particularly attractive targets for cybercriminals seeking to hijack identities and breach critical systems.

  • Veeam Report Highlights Ongoing Threats of Ransomware in 2025

    Veeam Report Highlights Ongoing Threats of Ransomware in 2025

    The latest report from Veeam Software reveals that despite some progress, the threat of ransomware remains alarmingly prevalent, with around 69% of organizations experiencing cyber attacks in the past year. This marks a slight decrease from 75%, attributed primarily to improved resilience measures and collaboration between IT and security teams. Anand Eswaran, CEO of Veeam, emphasized the need for organizations to adopt proactive resilience strategies to mitigate risks associated with ransomware attacks.

    The findings were reported in the From Risk to Resilience: Veeam 2025 Ransomware Trends and Proactive Strategies Report, which surveyed 1,300 organizations on their handling of cyber threats. As ransomware attacks evolve in sophistication, organizations are urged to prioritize robust defenses and recovery capabilities. The study highlights the necessity for leaders in organizations to shift from reactive to proactive security measures.

    Significantly, the report notes a growing trend of attacks that focus solely on data exfiltration, where sensitive information is stolen without encryption. Organizations without strong cybersecurity practices are particularly vulnerable. Furthermore, the total value of ransomware payments has decreased, with many companies opting not to pay. New regulations are also emerging, discouraging ransom payments and promoting stronger defensive strategies over capitulation.

    Despite their attempts to strengthen defenses, organizations that faced ransomware attacks often reported low recovery rates. While 69% believed they were well-prepared before an attack, a post-attack survey indicated that their confidence waned, with only 10% recovering more than 90% of their data. These findings illustrate the critical need for comprehensive planning and alignment across security teams in navigating the complex landscape of cyber threats. For more information, refer to the full report and to https://ciso.economictimes.indiatimes.com/agency/88675703/ETCISO.