Feb 18 β€’ 09:08 UTC πŸ‡΅πŸ‡± Poland Rzeczpospolita

Cybersecurity Expert: Ransomware Groups Operate Like Businesses, with the Consent of Russia or Belarus

A cybersecurity expert explains that ransomware groups function similarly to legitimate businesses, often operating under the tacit approval of countries like Russia or Belarus.

In a recent analysis, cybersecurity expert Maciej Broniarz delves into the evolving tactics employed by ransomware groups, emphasizing that their operations are akin to corporate entities. He points out that these malicious actors now infiltrate corporate systems for extended periods, gathering sensitive data before encrypting it, which complicates recovery for the businesses. Companies, once only concerned with data backups, are now realizing that ransomware incidents impact their entire communication and procurement processes, not just their IT department. This shift in perception has made the stakes of ransomware attacks much higher.

Broniarz elaborates that the immediate aftermath of a ransomware attack forces organizations to confront the full breadth of the incident, leading them to question their dependencies on IT infrastructure. Critical processes are revealed to be vulnerable, prompting a major reassessment of risk management in cybersecurity frameworks. The time frame for negotiating with ransomware groups has also transformed significantly, with attackers usually granting a narrow window for payment, thus increasing pressure on the companies targeted.

The dilemma of whether to pay the ransom or not remains a contentious issue. Broniarz advises organizations on navigating this challenging decision, highlighting that the right course of action isn't straightforward and typically varies depending on the unique circumstances of each case. This growing recognition of the ransomware business model underlines the need for organizations to develop more sophisticated and resilient cybersecurity strategies to mitigate future risks and ensure business continuity in the face of these increasing threats.

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