sb-nz logo
Story image

Feb & March saw huge spike in ransomware attacks against Australia

11 Jul 2016

FireEye research has brought the truth about ransomware attacks close to home, as Australia and the entire APJ region is increasingly becoming a popular target. The research has found that ransomware attack methods have increased by a factor of more than 150, with a rapid increase between February and March 2016.

The graph shows October 2015's baseline as one to indicate the factor increase in March 2016.

FireEye believes that the increase in ransomware attacks is due to a number of factors, including overheads, profits and new ransomware frameworks.

The relationship between low overheads and high profit margins enable attackers to conduct ransomware campaigns more easily, says FireEye.

Successful ransomware campaigns like CryptoWall have formed a basis on which new variants can be based. CryptoWall has been a severely damaging force on computers, with FBI statistics showing that losses have totalled more than US$18 million between April 2014 and June 2015, says FireEye.

Ransomware as a Service (RaaS) is also increasing, with some new variants using the framework to drive attacks. FireEye believes this is the cybercrime industry attempting to become competitive in its development of 'quality' goods and services.

Finally, the media itself might be one other reason for the spike, as FireEye says that criminals not only get an idea of how successful attacks are, but the massive amount money being extorted from victims. FireEye uses the Petya ransomware as an example, which links to recent media articles on its ransomware payment page.

Download image
Enterprise leaders discuss what makes up networking infrastructure
NFV is fast becoming the go-to method of simplifying corporate networks from planning, through deployment and management.More
Story image
Experiencing ransomware significantly impacts cybersecurity approach
"The survey findings illustrate clearly the impact of these near-impossible demands. Among other things, those hit by ransomware were found to have severely undermined confidence in their own cyber threat awareness."More
Story image
Five Eyes nations want legal access to backdoors to fight 'illegal content'
The nations argue that encryption can make the enforcement of public safety difficult, particularly when it comes to serious problems like child exploitation. More
Story image
Interview: How cyber hygiene supports security culture - ThreatQuotient
We spoke with ThreatQuotient’s APJC regional director Anthony Stitt to dig deeper into cyber hygiene, security culture, threat intelligence, and the tools that support them.More
Story image
BayCom partners with NICE inContact to offer cloud contact centre platform in NZ
“With our extensive experience in the industry, BayCom has the ability to design, implement and support CXone nationwide, providing organisations with an industry-leading Contact Centre as a Service (CCaaS) solution to deliver on their customer experience strategies.”  More
Story image
Acronis expands global data centre network, including new facilities in NZ
The expansion ensures that the full range of Acronis Cyber Protection Solutions will be available to partners and organisations around the world.More