Ransomware Attacks in 2018

The Powerful Integration of Microsoft Dynamics 365 !

In Microsoft Dynamics NAV 2018 we see a more profound integration of Dynamics NAV and Microsoft products by connecting them with each other in the same business environment, such as Dynamics 365 applications (Manufacturing, Accounting, and CRM), PowerApps, Flow, Office 365, Power BI and third-party applications. From the vision of Microsoft, we can see that the goal of integration is to offer a fully integrated software package to small and mid-size Canadian Manufactures (25 to 500 employees).

The security threat landscape is continuously evolving, and our partner company, Axiom has spent over a decade tracking and analyzing software vulnerabilities, exploits, malware, unwanted software, and attacker group methods and tactics via the Security Intelligence Report. As organizations move to the cloud and invest into modern technologies, Axiom continues its commitment to analyzing and informing the security community with profound insights on the latest threats in particular to secure the endpoints.

Learn more about the Axiom’s Managed Security App. Register Free for Microsoft Canada’s Event. 

A common question that executives ask is how secure remote access is?  And the answer is typical, how safe are your EndPoints. Endpoint security or endpoint protection is an approach to the protection of computer networks that remotely bridged to client devices.  The connection of laptops, tablets, mobile phones and other wireless devices to corporate systems creates attack paths for security threats.

No longer is a user merely able to ‘be smart’ about cybersecurity, the criminal underground is making it easier to procure cyber threats that are devasting to organizations.

 

Take for example the Cryptowall 4.0 Ransomware virus that was a significant issue in Toronto in 2015.

  • Does Makes money? Check.

  • Comparatively ‘safe’ criminal activity? Check.

  • Difficult to prosecute? Check.

  • Is a Version 5.0 available? Yup.

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How Cryptowall 4.0 works

Understanding Crytowall 4.0

This thing is NASTY, and it has been effective in holding many people’s data for ransom because to date it has managed to extort $325 Million.

What is CryptoWall?

CryptoWall is a type of malware or virus more specifically known as ransomware. If you get infected by this version of CryptoWall, it will lock all your files and rename your files on your computer. The only way to recover all your data is by paying a ransom if you don’t have proper backups. The ransom can range from $200 to $10,000. After you pay, you will be allowed to download the decryption key to decrypt the encrypted files and return them to a working state.

This thing has managed to elude the authorities like the FBI and many security experts to the point that even an FBI investigator admitted last month that you should pay the ransom if you don’t have a proper backup of your files. So how exactly are these attacks propagating? $325 Million is a lot of money. It seems that the group is targeting Linux based websites and injecting the malware onto servers that other machines connect to for maximum damage.

Secure your business from cyber attacks! Learn more about Ransomware Attacks in Manufacturing Companies. 

Watch out your Spam Emails!

Web surfing in this new age isn’t as innocent and safe as it used to be and everyone has to be more aware of what they are doing online and be more aware of the emails they receive. Spam emails are one of the most effective delivery systems after all. For example, you can be on a site that you thought was safe a few days ago and there is a change that you would get infected from this site that you trust if the group somehow hacked it. The scary thing about ransomware is that there’s no indication that you’ve been hit until you see the message asking for the ransom money. So again I ask, “Are you prepared to defend against it?”

Ransomware continues to harm businesses of all sizes. The number of attacks spiked in 2017 and remains high, fueled in part by the millions of dollars the scams earn for attackers. The trend shows no signs of ending soon.  All business should set aside a budget in 2018.

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Ransomware Attacks in Manufacturing Companies

In 2017 we have also noticed that there is an increase in the number of ransomware attacks in Manufacturing companies. 2016 and 2015 were primarily focused more on healthcare and financial services.

 

On May 17th, Microsoft & Axiom with other partners, are showing the Best Apps Microsoft Dynamics Manufacturing Apps to optimise your business:

  1. Human Resources
  2. Cad integration
  3. Machine integration
  4. Managed Security
  5. Payroll
  6. EDI
  7. Advanced Billing
  8. Lease
  9. Funding
  10. Warehouse management
  11. Field service
  12. Lean

Canadian manufacturers are being asked to do more than ever before. Whether it’s through faster response times, higher quality products, or exceptional customer service and relationship building.

Join us at Microsoft by clicking here to register for the event on May 17th.