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Ransomware: Survive by outrunning the guy next to you

“There are two people in a wood, and they run into a bear. The first person gets down on his knees to pray; the second person starts lacing up his boots. The first person asks the second person, “My dear friend, what are you doing? You can’t outrun a bear.” To which the second person responds, “I don’t have to. I only have to outrun you.” – The Imitation Game 

ransomware attack hit a major US pipeline this weekend, leading to a shut down in operations for the past three days. Colonial Pipeline will remain shut down for an unknown amount of time, as the organization is ‘developing a system restart plan’ in real time. Critical infrastructure and pieces of the supply chain (which were already fragile due to the pandemic) continue to be taken down by ransomware attacks, either advertently or inadvertently. This has a number of downstream effects on the supply chain, which cause recovery times to grow even bigger as the many companies that these suppliers rely on also attempt to recover. 

Ransomware is ultimately about business disruption 

This attack comes at the heels of a crippling year of ransomware attacks across the globe, especially those targeting healthcare organizations. The name of the game: business disruption. Critical infrastructure providers are being targeted by ransomware actors because, when hit with ransomware, they need to choose between indefinite suspension of critical business processes or paying the ransom. Shutting down a crucial resource for an indeterminate amount of time is simply not a sustainable option for a business, and it backs affected providers into a corner where their only option is to pay up. 

Federal Policy Is Finally On The Table 

The pipeline operated by Colonial Pipeline delivers around 45% of the fuel consumed on the east coast, making it a massive supplier for the United States. This has elevated the attack to a potential national security threat, with the US government issuing a state of emergency for the length of the shutdown. This demonstrates the continued blurred lines between the public and private sector when it comes to the impact of a cyberattack on nation states. 

The Biden administration has made securing federal cybersecurity defenses a top priority and planned on passing legislation even before this attack occurred. As these attacks become more frequent, there’s some level of expectation that eventually this legislation could bleed into the private sector, especially critical sectors such as finance, pharmaceutical, energy and more that could be required to have a certain level of information security maturity (like the United States Department of Defense’s Cyber Maturity Model Certification, CMMC which is required for any contractors they currently utilize). 

What can you do about it right now? 

As the quote above and the title of this blog suggests, cybercriminals follow Occam’s razor; they are looking for the easiest way to make money. Even the attackers in this specific incident stated publicly, “our goal is to make money”. 

So what do security pros need to do right now to lower their risk in the face of future ransomware attacks? Outrun the guy next to you. 

Speaking to Chris Krebs’ valuable advice from this morning, security pros at every organization should implement these quick wins right now to limit the impact of a ransomware attack: 

Longer term, we know that the way we’ve been doing things isn’t working. Focus on moving from a perimeter-based security architecture to one based on Zero Trust to effectively limit lateral movement and contain the blast radius of a multitude of types of attacks (phishing, malware, supply chain, etc.).  

This post was written by Analysts Allie Mellen and Steve Turner, and it originally appeared here

Article source: https://www.zdnet.com/article/ransomware-survive-by-outrunning-the-guy-next-to-you/#ftag=RSSbaffb68