HomeMalware & ThreatsStrengthening Data Security to Mitigate Double Extortion Ransomware Attacks

Strengthening Data Security to Mitigate Double Extortion Ransomware Attacks

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Lee Enterprises, a prominent newspaper publishing giant, has been grappling with the aftermath of a ransomware attack orchestrated by the Qilin ransomware group. The attack, which has spanned over a month, has created significant disruptions to the company’s operations, resulting in delays in payments to contractors and freelancers.

According to a statement released by Lee Enterprises, essential applications were encrypted by the Qilin ransomware group, leading to impediments in the distribution of products, billing processes, collections, and other operational aspects. It is believed that the ransomware group executed a tactic known as “double extortion ransomware,” wherein sensitive data was exfiltrated before being encrypted. This approach gives the threat actor leverage by threatening to expose the extracted data unless a ransom is paid.

To counteract the threat of double extortion tactics and similar cybersecurity risks, organizations are advised to adopt key protective measures. One such measure is Data Security Posture Management (DSPM), which provides visibility into sensitive data within the organization’s data estate, thereby enhancing risk management. This tool enables continuous assessment and prioritization of risks based on the sensitivity of the data, facilitating targeted remediation efforts where they are most needed.

Additionally, Data Access Governance (DAG) plays a crucial role in enforcing least privilege access controls by determining who has access to sensitive data. It integrates with Identity and Access Management (IAM) or Cloud-Native Application Protection Platforms (CNAPP) to bolster the organization’s security framework. Moreover, Data Detection and Response (DDR) tools continuously monitor for emerging threats, alerting organizations to suspicious access or data movements, such as unauthorized data exfiltration. By providing early warnings, these tools mitigate the impact of double extortion attempts, making such attacks less effective.

In conclusion, the persistence of ransomware attacks underscores the importance of robust cybersecurity measures in safeguarding organizations against evolving threats. By implementing proactive security solutions like DSPM, DAG, and DDR, companies can fortify their defenses and mitigate the risks associated with double extortion ransomware attacks. It is imperative for organizations to prioritize cybersecurity and invest in cutting-edge technologies to stay ahead of cybercriminals seeking to exploit vulnerabilities.

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