Why haven’t we managed to curtail the #Ransomware menace?

#Ransomware is the biggest cybersecurity threat facing the world today.

Ransomware is the biggest cybersecurity threat facing the world today, with the potential to significantly affect whole societies and economies – and the attacks are unrelenting, the head of the National Cyber Security Centre (NCSC) has warned.

“Even with a war raging in Ukraine – the biggest global cyber threat we still face is ransomware. That tells you something of the scale of the problem. Ransomware attacks strike hard and fast. They are evolving rapidly, they are all-pervasive, they’re increasingly offered by gangs as a service, lowering the bar for entry into cyber crime,” said Lindy Cameron, CEO of the NCSC In a speech at Tel Aviv Cyber Week. She added that the NCSC has dealt with “nationally significant incidents” along with hundreds of general cyber incidents that “affect the UK more widely every year”.

Working alongside other law enforcement agencies, Cameron said that the NCSC is working to understand the criminal system that helps drive ransomware attacks – and how the nature of ransomware gangs and the techniques they’re using to facilitate ransomware campaigns continue to evolve.

“We want to make ransomware an unprofitable and unattractive business,” said Cameron, who argued it’s not all doom and gloom when it comes to cybersecurity, going on to detail how the NCSC’s Active Cyber Defence Program has helped to disrupt cyberattacks targeting citizens.

According to newly released figures from cybersecurity company WatchGuard, the volume of ransomware has risen significantly with the amount of detected activity in the first quarter of 2022 more than three times what was detected during the same period last year. The report suggests that the emergence of aggressive ransomware and extortion operations including  #LAPSUS$ and #BlackCat are behind what’s described as “an ever-increasing ransomware and cyber-extortion threat landscape.”

You need to act now!

We at IronCAP™ have been trying to educate businesses and individuals that Q-day (the day the first quantum hack is publicly recognized) is around the corner and everybody needs to gear up. Nation states and governments are already at it, how about you? To learn more, visit www.ironcap.ca.

IronCAP™ is our latest innovation for the post-quantum cybersecurity. This patent-protected, post-quantum cryptographic system is based on the Goppa Code-based cryptographic technology. It has embedded our proprietary subclass of (L, G) making it not only more secured but also has faster cryptographic operations (key generation, encryption, decryption) than the traditional Goppa Code-based technology (McEliece). We are offering a live demonstration for the general public to try and experience the strength of IronCAP™ post-quantum encryption easily. To learn more, visit www.ironcap.ca.