ransomware in Technology

Technology Providers Targeted by Ransomware

Aside from the risk of production and services downtime, the threat posed by ransomware attacks for technology providers also includes the risk of downstream attacks against clients and the exfiltration of sensitive customer data, both of which can significantly harm a company’s reputation.

For example, in 2021, an attack on IT services provider Kaseya allowed threat actors to leverage the Kaseya VSA (Virtual System Administrator) to distribute ransomware to as many as 2000 of their customers, some of which were Managed Services Providers (MSPs) who in turn had their customers put at risk.

Ransomware Poses a Critical Threat for Technology

The threat to the technology sector from disruptive ransomware attacks is escalating at an alarming pace, and it’s about more than disruptions:

The world’s largest semiconductor supplier NVIDIA was victimized by a ransomware attack that included the exfiltration of as much as 1TB of data and led to the disclosure of employee credentials and proprietary intellectual property.

IT provider Cisco disclosed it was the victim of a ransomware attack that compromised employee credentials and allowed the attackers to enroll a slew of unapproved devices for Multifactor Authentication with elevated administrative privileges and broad permissions to login to other systems.

Dish Network reported they were hit by a ransomware attack that included the exfiltration of sensitive data and took down the Dish.com, Dish Anywhere, and other Dish Network domains and services.

Legacy security tools were simply not designed to address the unique threat that ransomware presents, and this is why we keep seeing destructive ransomware attacks circumvent these traditional security solutions and impact the technology sector.

Footnotes

Protecting Systems and Intellectual Property

Defending against more than malicious code

People and Processes

A good portion of the technology sector manifests as products and services other industries depend on for operations, so disruptions from ransomware attacks can have widespread impact beyond the victim organization.

Downtime and Recovery

From initial detection to full recovery, it takes on average 22 days (about 3 weeks) to restore operations following a successful ransomware attack. Technology providers cannot afford weeks of downtime and closures.

This is why Halcyon enlisted some of the top engineers, data scientists, and threat researchers in cyber security to develop the Halcyon Anti-Ransomware Platform.

Halcyon delivers a purpose-built ransomware prevention solution that provides multiple layers of prevention, detection and recovery through proprietary encryption key material capture that autonomously restores systems to operation in a matter of minutes versus weeks.

Motivations

Ransomware operators understand that technology companies have a tremendous amount of proprietary and intellectual property that can be leveraged for additional extortion opportunities beyond the initial ransom demand.

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Empowering Technology with Resilience

The new model for building resilient technology organizations requires:
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Defense Resilience

Existing EPP/EDR/XDR were not designed to stop ransomware attacks in progress. Halcyon AI/ML models are trained on millions of real-world ransomware attacks to fill the detection and prevention gap left by traditional security tools.

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Stop Bypass & Evasion

Ransomware operators disable endpoint security tools with relative ease. Halcyon protects other security tools from being bypassed, unhooked, or blinded during a ransomware attack to increase ROI on all security investments.

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Operational Resilience

Ransomware attacks are designed to be disruptive. The unique Halcyon encryption key material capture and anti-data exfiltration features prevent exposure of sensitive data and assure operational resilience against successful attacks.

Halcyon Offers the Most Powerful Ransomware Protection

Legacy security tools are failing to catch the telltale signs of ransomware attacks until it is too late, so we keep seeing destructive attacks circumvent these solutions.

Identify and transfer locker

RANSOMWARE OPERATIONS PREVENTION

Halcyon delivers AI/ML-powered next-generation behavioral modeling to detect ransomware precursors, pre-execution blocking of ransomware payloads, and unparalleled evasion protection.


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Deploy Halcyon Agent

DATA EXFILTRATION PREVENTION

Halcyon detects attacker actions to predict and prevent bulk data movement associated with data exfiltration to protect education providers from breaches that lead to costly liability and extortion demands.


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Initiate the Decryption

RAPID RANSOMWARE RECOVERY

Only Halcyon delivers proprietary encryption key material capture and autonomous decryption to keep education organizations operational in the face of a successful ransomware attack.

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Halcyon Anti-Ransomware Platform

Halcyon is the only platform to leverage advanced AI/ML detection models specifically trained to defeat ransomware. The unique Halcyon Anti-Ransomware Platform is easy to deploy, does not conflict with existing endpoint security solutions, and provides multiple levels of detection, prevention and recovery against ransomware attacks.

Talk to a Halcyon expert today to find out more and check out our Recent Ransomware Attacks resource site to get near real-time tracking of ransomware attacks, threat actor groups and their victims.

See Halcyon in action

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