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How Ransomware Impacts Government Organizations

Government institutions provide critical services to citizens, including healthcare, public safety, transportation, and utilities and as such are prime targets for ransomware attacks. Ransomware attacks can disrupt these services, causing delays, shutdowns, and potentially putting lives at risk. In some cases, ransomware attacks on government institutions may have broader national security implications. For example, if critical infrastructure or sensitive government systems are compromised, it could impact national defense, intelligence operations, and diplomatic relations.

What is Ransomware?

Before we look at the impact of ransomware of government organizations, lets define what ransomware is. Ransomware is a type of malware that holds the victim’s data or device hostage until the ransom is paid. However, once the ransom is paid there is no guaranty that the files will be returned. An increasing trend is to use a double extortion tactic, where an organization is asked to pay a second ransom to prevent exfiltrated data from being publicly leaked or sold to other criminal enterprises.

Ransomware attacks can be carried out through phishing emails, malicious downloads, or exploiting vulnerabilities in software. Preventative solutions and measures such as IT security awareness training go some way to reducing the threat, but ransomware is now the number one cryptocurrency crime.

Impact of Ransomware on Government Organizations

Ransomware attacks on government institutions have increased significantly making them a tier 1 national security threat that affects, schools, local authorities, hospitals and even the military. Due to the high value of data held by government organizations and the disruption that attacks can cause, it puts them at the very forefront of the ransomware threat.

A ransomware attack can not only disrupt public services such as water and electricity, but can cause significant and wide spread damage across all departments including public pensions, organising land searches for people wanting to move house, delays in the judicial system, waste pickup, impacted military operations, cancelled medical procedures and a host of other essential everyday services we rely on.

As well as the disruption that ransomware attacks cause, the resulting loss of data can result in severe financial setbacks and legislative fines. In many cases, the attackers threaten to publicly release the stolen information if the ransom is not paid, and there is no guarantee that the attackers will provide the decryption key even if the ransom is paid. This leaves the institution with no choice but to rebuild their systems and data from scratch which is a considerable investment in both time and money.

Steps to Protect Government Organizations from Ransomware

Given the significant impact that ransomware attacks can have on government organizations, it is crucial to take steps to prevent these attacks. Here are a few steps that organizations can take to protect themselves:

1. Implement robust cybersecurity measures:
Government organizations should implement robust cybersecurity measures, such as firewalls, intrusion detection systems, and anti-malware software. Regularly updating software and operating systems can also help reduce the risk of attacks.

2. Conduct regular employee training:
Regular training for employees can help reduce the risk of successful phishing attacks, which are a common method of ransomware delivery.

3. Regularly backup data:
Regularly backing up critical data and storing backups in a secure location can help ensure that data is recoverable in the event of a ransomware attack.

4. Implement multi-factor authentication:
Multi-factor authentication can help reduce the risk of unauthorized access to systems and data, even if credentials are stolen.

5. Develop an incident response plan:
Developing an incident response plan can help organizations respond to a ransomware attack quickly and effectively, minimizing the impact on the organization. A ransomware containment solution is a critical component of such a plan.

Learn More

BullWall offers a ransomware penetration test to help you assess how your current tools respond to various ransomware variants. Or you can schedule a demo of our containment solution.

About Version 2 Digital

Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.

Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About Bullwall
BullWall is a fast-growing international cybersecurity solution provider with a dedicated focus on protecting critical data during active ransomware attacks. We are the only security solution able to contain both known and unknown ransomware variants in seconds, preventing encryption and exfiltration across all data storage types.

BullWall Server Intrusion Protection Brings MFA Behind the Firewall To Protect Servers and Thwart Breach Attempts

Protects RDP Sessions – The Entry Point for 50% of All Ransomware Deployments — With MFA That Detects and Prevents Unauthorized Users and Halts Breach Progression, Strengthens Cybersecurity Insurance Eligibility

VEJLE, Denmark & WILMINGTON, Del., September 7, 2023BullWall, the global leader in ransomware protection for critical infrastructure, today introduced BullWall Server Intrusion Protection to protect servers from unauthorized access resulting from the use of compromised credentials during Remote Desktop Protocol (RDP) sessions. By placing BullWall’s multi-factor authentication (MFA) between the server and any unauthorized users, organizations are protected from bad actors who may have gained entry to the network, preventing the deployment of ransomware.

BullWall Server Intrusion Protection prevents RDP session hijacking and impedes breach progression to prevent the deployment of ransomware. When an illegitimate session is detected, BullWall blocks any compromised clients and servers, and immediately issues the necessary alerts.  It’s an important new weapon in the ongoing battle against the use of stolen or compromised credentials, one of the most impactful areas of cybersecurity vulnerability for most organizations. With the surge in remote and hybrid work environments, Remote Desktop Protocol (RDP) is the entry point in nearly 50% of all ransomware attacks.

BullWall Server Intrusion Protection works together with BullWall Ransomware Containment (formerly BullWall RansomCare) to prevent and contain ransomware, protecting the organization’s most important, targeted digital assets against cyberattacks – a singularly important safeguard that can substantially impact cybersecurity insurance eligibility and terms for many organizations.

Jan Lovmand, BullWall Co-Founder and CTO, said: “Remote Desktop Protocol is the single most exploited initial attack vector, and the entry point for fully half of all ransomware attacks. We’re really excited to introduce BullWall Server Intrusion Protection to shut down RDP session-level attacks, closing a door that’s otherwise too easily opened. Together with our Ransomware Containment solution, BullWall offers organizations the strongest defense against ransomware available on the market today.”

Morten Gammelgard, BullWall Co-Founder and EVP of EMEA, shared “One of the biggest stumbling blocks to obtaining cyber insurance is the requirement for MFA on servers in addition to endpoints, for every login attempt. BullWall Server Intrusion Protection provides a game-changing MFA solution for server access that doesn’t require a second device. We’re thrilled to offer a solution that increases security, reduces user friction and stops today’s most common attack vector.”

Most security-minded organizations now have MFA in place as single logon – which proves futile against a threat actor logging into a server via RDP and then moving from there to other servers. BullWall Server Intrusion Protection blocks every step of such attacks, and demonstrates the highest levels of compliance and reporting. 

To learn more about BullWall Server Intrusion Detection, please visit here.

About Version 2 Digital

Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.

Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About Bullwall
BullWall is a fast-growing international cybersecurity solution provider with a dedicated focus on protecting critical data during active ransomware attacks. We are the only security solution able to contain both known and unknown ransomware variants in seconds, preventing encryption and exfiltration across all data storage types.

BullWall x Version 2 Digital 網上研討會 主題:對抗勒索軟件的最後一道防線

儘管來到了 2023 年,勒索軟件仍然是全球公司企業每日面對的一個主要威脅,因為網絡罪犯成功地智取了預防型安全工具。今次研討會,我們將探討如何通過 BullWall 的「遏制式勒索軟件方案」,更好地保護您的關鍵數據和 IT 基礎設施。

誠摯地邀請您參加我們的網上研討會:

主題:對抗勒索軟件的最後一道防線
時間:2023 年 8 月 10 日(星期四)
時間:香港時間下午 4-5
語言:英文

演講嘉賓:
Morten Gammelgard(BullWal 全球銷售和營運副總裁)及
Andy Walsh(BullWal 銷售工程總監)

BullWall 網絡安全專家將探討以下內容:
端點偵測與回應(EDR)和其他預防式措施的限制
如何正確執行偵測、預防、應對和恢復措施
即場演示 3 個遏制式工具如何對付真實勒索軟件的攻擊


按此登記
https://attendee.gotowebinar.com/register/6775458264076922198


演講嘉賓簡介

Morten Gammelgard(BullWal 全球銷售和營運副總裁)

Morten Gammelgard 在軟件和硬件行業擁有超過 20 年的豐富經驗,目前擔任 BullWall 的全球銷售和營運副總裁,並引領公司連續四年實現了收入增長和盈利倍升。他曾與來自各個行業的客戶合作,包括從小眾市場到前 500 大企業的客戶,其中包括 Verizon、Sun Life、IBM、VMware、Dell 和 Shell 等知名企業。Morten 是 BullWall 的共同創始人,該公司專注於為企業提供可靠且創新的解決方案,以在非法加密開始損壞數據時控制勒索軟件爆發,從而減輕因成為勒索軟件受害者而可能帶來的中斷、損害和高昂成本,尤其是在所有其他防禦措施失效時。

Andy Walsh(BullWal 銷售工程總監)

Andy Walsh 是 BullWall 的銷售工程總監,目前居住在英國,擁有超過 25 年的資訊技術專業經驗。他曾在 DETECTsystems 和 Sony 等技術公司擔任技術經理,也有在 Ultima Business Solutions 和 Centerprise International 等公司的工作經歷。作為一名優秀的技術專家,Andy 在多層安全基礎設施的開發方面擁有豐富經驗,並在 BullWall 迅速全球擴張的過程中負責管理和領導歐洲、中東和非洲地區的技術團隊。

 

關於 BullWall
BullWall 是一家專注於保護數據和關鍵 IT 基礎設施免受勒索軟件攻擊的網絡安全解決方案供應商,能夠在幾秒鐘內遏制已知和零日勒索軟件的變種,防止數據加密和外洩,是公司企業對抗勒索軟件的最後一道防線。

關於 Version 2 Digital
Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products. Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

Ransomware attack on insurance MSP Xchanging affects clients

Global IT services and solutions provider DXC Technology announced over the weekend a ransomware attack on systems from its Xchanging subsidiary.

Xchanging is known as a managed service provider for businesses in the insurance industry but its list of customers includes companies from other fields: financial services, aerospace and defense, automotive, education, consumer packaged goods, healthcare, manufacturing.

Several customers affected

DXC Technology notified its investors in an 8-K form filed with the U.S. Securities and Exchange Commission that Xchanging has detected a ransomware attack on some of its systems.

The company reported the incident on July 5, expressing confidence that it did not spread outside the Xchanging network. For the moment, the investigation did not reveal any indication of data being affected. It is unclear when the company detected the attack.

An undisclosed number of customers was impacted by the cyberattack, denying access to their operating environment, reads the notification from the company. Containment and remediation measures were deployed to resolve the situation.

In a statement to BleepingComputer, a company spokesperson said that the problem is isolated to a subset of the Xchanging business and that customer data was not compromised or lost.

Efforts to restore services to customers are ongoing and at the moment remediation work is being done for just a few of them.

“While the revenue from those impacted customers is not material to DXC financial position, we nevertheless take this situation very seriously and have already restored services as nearly all of them” – DXC Technology spokesperson

As is typically the case with such incidents, the company is working with law enforcement and authorities on the investigation. This is also why there are few details available at this time.

There is no information about the family of the file-encrypting malware used in the attack and BleepingComputer does not know of a ransomware gang claiming the attack.

Related Articles:

Ransomware hits Technion university to protest tech layoffs and Israel

The Week in Ransomware – February 10th 2023 – Clop’s Back

Clop ransomware claims it breached 130 orgs using GoAnywhere zero-day

City of Oakland systems offline after ransomware attack

A10 Networks confirms data breach after Play ransomware attack

About Version 2 Digital

Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.

Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About Bullwall
BullWall is a fast-growing international cybersecurity solution provider with a dedicated focus on protecting critical data during active ransomware attacks. We are the only security solution able to contain both known and unknown ransomware variants in seconds, preventing encryption and exfiltration across all data storage types.

New ransomware variant: Try2Cry!

New ransomware variant: Try2Cry! It tries to worm onto other computers by infecting any USB drive connected to the device, hoping it will be used on another computer at some point. Is uses the LNK files to disguise the malware.

About Version 2 Digital

Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.

Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About Bullwall
BullWall is a fast-growing international cybersecurity solution provider with a dedicated focus on protecting critical data during active ransomware attacks. We are the only security solution able to contain both known and unknown ransomware variants in seconds, preventing encryption and exfiltration across all data storage types.

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