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September 29, 2020 07:31 pm

Microsoft: Some Ransomware Attacks Take Less Than 45 Minutes

Catalin Cimpanu, writing for ZDNet: For many years, the Microsoft Security Intelligence Report has been the gold standard in terms of providing a yearly overview of all the major events and trends in the cyber-security and threat intelligence landscape. While Microsoft unceremoniously retired the old SIR reports back in 2018, the OS maker appears to have realized its mistake, and has brought it back today, rebranded as the new Microsoft Digital Defense Report. Just like the previous SIR reports, Microsoft has yet again delivered. Taking advantage of its vantage points over vast swaths of the desktop, server, enterprise, and cloud ecosystems, Microsoft has summarized the biggest threats companies deal with today in the face of cybercrime and nation-state attackers. The report is 88 pages long, includes data from July 2019 and June 2020, and some users might not have the time to go through it in its entirety. Below is a summary of the main talking points, Microsoft's main findings, and general threat landscape trends. [...] But, by far, the most disruptive cybercrime threat of the past year have been ransomware gangs. Microsoft said that ransomware infections had been the most common reason behind the company's incident response (IR) engagements from October 2019 through July 2020. And of all ransomware gangs, it's the groups known as "big game hunters" and "human-operated ransomware" that have given Microsoft the most headaches. These are groups that specifically target select networks belonging to large corporations or government organizations, knowing they stand to receive larger ransom payments. Most of these groups operate either by using malware infrastructure provided by other cybercrime groups or by mass-scanning the internet for newly-disclosed vulnerabilities. In most cases, groups gain access to a system and maintain a foothold until they're ready to launch their attacks. However, Microsoft says that this year, these ransomware gangs have been particularly active and have reduced the time they need to launch attacks, and especially during the COVID-19 pandemic. "Attackers have exploited the COVID-19 crisis to reduce their dwell time within a victim's system â" compromising, exfiltrating data and, in some cases, ransoming quickly â" apparently believing that there would be an increased willingness to pay as a result of the outbreak," Microsoft said today. "In some instances, cybercriminals went from initial entry to ransoming the entire network in under 45 minutes."

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