Why Do Ransomware Attacks Still Happen Even Though Companies Spend Thousands on Cybersecurity Products?

Prevention is an essential component of any comprehensive cybersecurity program. Unfortunately, even the best defences aren’t 100% effective against ransomware attacks. For businesses that have invested thousands in their cybersecurity program, this can come as an unwelcome surprise.

Check Point Research’s “Cyber Security Report 2021” states just 5% of malware used against corporate networks is ransomware, but these remain among the costliest attacks. According to “Cost of a Data Breach Report 2020,” by IBM Security, ransomware attacks resulted in a higher average cost than most other types of breaches. While prevention is important, businesses should also employ detection methods for the best cybersecurity posture.


Understanding Ransomware

While some see ransomware as a one-time event in which files are encrypted and the victim is asked to pay a ransom for access, the actual process is far more drawn out. Oftentimes, it begins with a simple email containing a link or file attachment. Once users open these, their computers are quietly infected with malware. Since systems initially seem to continue operating as normal, they may think nothing of it. However, the attackers are working in the background to prepare for the big event. After the initial malware infection, cybercriminals may linger in your systems for months before locking you out of important files and demanding ransom.

With the emergence of Ransomware as a Service (RaaS), attempted ransomware attacks are likely to increase. Regardless of their skill level, would-be cybercriminals can pay for subscriptions to a RaaS and use pre-developed ransomware tools to strike.

Why Prevention Alone Is Not Enough

Unfortunately, even the most robust cybersecurity programs are incapable of protecting against 100% of attacks. Just as cybersecurity experts work around the clock to bolster defences by patching holes in software and developing new approaches, cybercriminals are busy finding new weaknesses to exploit. Further complicating the issue, hackers can compromise an existing user’s accounts by stealing credentials, effectively evading detection by appearing legitimate.

Many businesses focus their cybersecurity efforts on prevention but overlook an aspect that many experts feel is more essential: detection. Prevention and detection should never be forced into an “either/or” scenario. Instead, they must complement each other for the most mature cybersecurity posture.

Why a Remote Compromise Assessment Is Critical

While you may not be able to prevent all attacks, early detection can help mitigate the damage. Regular remote Compromise Assessments will help identify if something suspicious is happening on your network so that you can take action quickly.

Identify Previously Undetected Vulnerabilities

A comprehensive compromise assessment can highlight vulnerabilities within your existing system, potentially enabling you to patch them before a major incident occurs. Additionally, it can provide a clearer understanding of bottlenecks and Segregation of Duty (SoD) issues, and also identify any existing breaches that were previously undetected.

Recognise Suspicious Activity

Hackers often aim to access user accounts for greater system access and to make their actions appear more legitimate. A remote compromise assessment can help detect suspicious activity regardless of whether it appears to be associated with a legitimate user.

Reduce Dwell Time

The time an attacker has within a system before they’re detected is invaluable to them. During this dwell time, the hacker identifies the company’s most valuable data and the devices storing this, to ensure the most important are encrypted upon executing malware and prevent being taken offline. On average, it takes businesses 207 days to identify a data breach attack. Conducting regular compromise assessments can slash this time, thereby reducing the overall associated expenses.

Even if you don’t specialize in cybersecurity, you can help protect your systems and/or those of your clients. GuardYoo’s Remote Compromise Assessment delivers a reliable, affordable, automated compromise assessment with forensic analysis to help detect the early stages of a ransomware attack. Send us a message via our chat feature or email us to set up a call or schedule a consultation. Visit our partner page today to learn more about GuardYoo’s Partner Program.