Stamos group ransomwhere software#"The number of software and tools that are being readily made available on open sites that people can download and use has risen dramatically," he added. "The time is there, the opportunity is there." "This phenomena of working from home has created a new generation of hackers and miscreants who are using their time to do this," Sethi said. Vikram Sethi, a professor, cybersecurity researcher and the former director of the Institute of Defense Studies and Education at Wright State University. Ready-made software and utilities exist on the so-called "dark web" that a tech-savvy user could access to bring a company's productivity to a standstill, according to Dr. "And then that means the number of people who can do it effectively has grown significantly," Stamos said. Ransomware-as-a-service refers to a business model where ransomware variants are leased to cyber criminals. He added that they have increasingly seen "the creation of this hub-and-spoke model, where a number of different groups are effectively ransomware-as-a-service providers." Ready-made ransomware Stamos added that ransomware hackers are "effectively conglomerate platforms, of which they provide a bunch of different tools, and then they allow affiliates to do the work on top of them." White House press secretary Jen Psaki said the recent attacks will likely be discussed when President Joe Biden and Russian President Vladimir Putin meet face-to-face later this month. As a result, panic-buying pushed gas prices to their highest levels in seven years just ahead of Memorial Day weekend travel. The cyberattack led to a multiday shutdown for the pipeline that provides nearly half of all fuel consumed on the East Coast. The recent attack on Colonial Pipeline, operators of one of the United States' largest fuel conduits, also showed that victims are forced to decide between paying criminals their ransom demands or being unable to operate their businesses. and Russia - the nation from which many of these attacks are believed to emanate. Ransomware strikes have surged over the past year due to a confluence of factors, experts say, including the rise of hard-to-trace cryptocurrency, a work-from-home boom that has resulted in new IT vulnerabilities and a political climate marked by ongoing tensions between the U.S. What often begins as an employee clicking a seemingly innocuous link in their email can result in a crisis that brings multibillion dollar businesses to their knees, stokes geopolitical tensions and has ripple effects throughout the global economy.Ī recent spate of ransomware attacks has crippled critical American infrastructure, disrupted major food supply chains and revealed that no firm - big or small - is safe from these insidious cyberattacks.
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