Rubrik is on a mission to secure the world’s data. And our customers are at the very heart of that mission. Everything we do is with you, our customer, in mind, ensuring continual value in every step of our journey. We are dedicated to constant innovation in data security and know that simplification and automation of cyber detection and recovery is top of mind for organizations as cyber incidents are increasingly frequent and attacks are quickly evolving.

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Good news for organisations who have fallen victim to the notorious Rhysida ransomware. A group of South Korean security researchers have uncovered a vulnerability in the infamous ransomware. This vulnerability provides a way for encrypted files to be unscrambled. Researchers from Kookmin University describe how they exploited an implementation flaw in Rhysida’s code to regenerate its encryption key in a technical paper about their findings.

Safeguarding data in today’s cyber landscape is no small feat. And with data growing at an explosive rate, more than 65 percent of IT and security leaders surveyed believe their organization’s current data growth is outpacing their ability to secure this data and manage risk, as found in the latest Rubrik Zero Labs State of Data Security report.

On January 19, Microsoft issued an advisory disclosing a cybersecurity incident targeting their M365 tenants and attributing the attack to Midnight Blizzard, a state-sponsored actor also known as Nobelium and APT29. Following this, on January 24, the Microsoft team expanded on the initial announcement with a comprehensive blog post providing more insights about the attack and outlining specific tactics, techniques and procedures leveraged by the threat actor.

As the popularity of SaaS apps continues to grow, security analysts expect the misuse of such apps as the host for malware downloads to continue to rise through 2024. I’ve provided plenty of examples on this blog of threat actors using cloud-based SaaS applications to host impersonated websites and malicious downloads. The credibility of such sites aids the cybercriminal, as traffic to and from reputable sites have a tendency to get past security solutions.

Analysis of this newly-spotted service makes it clear that the newest entrant into the Ransomware-as-a-Service (RaaS) space has taken note of where predecessors are lacking and launched a better product. Given the financial and operational disruption ransomware has caused since last year, any headline about a new RaaS will surely lead to anxiety and grimace for IT and security professionals.

In a typical ransomware attack, an adversary attempts to deploy ransomware directly on the machines they wish to encrypt. However, ransomware groups are increasingly adopting a newer tactic to ensure the success of their campaigns: remote encryption.

Malware attacks continue to be the order of the day for businesses. The adaptability of threats and the fact that new attack models spread almost daily mean they are still very much a concern among cybersecurity professionals. The rise of malicious threat actors seems unstoppable. According to Gartner, by 2025, 45% of organizations worldwide will have experienced attacks on their software, which represents a staggering 300% growth since 2021.