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WE VALUE YOUR PRIVACY We and our partners store and/or access information on a device, such as cookies and process personal data, such as unique identifiers and standard information sent by a device for personalised ads and content, ad and content measurement, and audience insights, as well as to develop and improve products. With your permission we and our partners may use precise geolocation data and identification through device scanning. You may click to consent to our and our partners’ processing as described above. Alternatively you may access more detailed information and change your preferences before consenting or to refuse consenting. Please note that some processing of your personal data may not require your consent, but you have a right to object to such processing. Your preferences will apply to this website only. You can change your preferences at any time by returning to this site or visit our privacy policy. MORE OPTIONSAGREE Skip to content TECHREPUBLIC Search Close Search * Top Products * AI * Developer * Payroll * Security * Project Management * TechRepublic Academy * Innovation * Cheat Sheets * Big Data * Tech Jobs Toggle TechRepublic mobile menu More * TechRepublic Premium * Top Products * AI * Developer * Payroll * Security * Project Management * TechRepublic Academy * Innovation * Cheat Sheets * Big Data * Tech Jobs * See All Topics * Sponsored * Newsletters * Forums * Resource Library TechRepublic Premium Join / Sign In ACCOUNT INFORMATION TechRepublic close modal Image: JustSuper/Adobe Stock IS RAPID DATA RECOVERY THE BEST HOPE AUSTRALIA HAS FOR A WIN AGAINST RANSOMWARE? * * * * * ACCOUNT INFORMATION TechRepublic close modal SHARE WITH YOUR FRIENDS Is Rapid Data Recovery the Best Hope Australia Has for a Win Against Ransomware? Check out this article I found on TechRepublic. Your email has been sent by Ben Abbott in Security on October 12, 2023, 5:02 AM EDT IS RAPID DATA RECOVERY THE BEST HOPE AUSTRALIA HAS FOR A WIN AGAINST RANSOMWARE? The success of cyber attacks in Australia could make an "assume-breach" approach to cyber security inevitable and cause IT teams to shift their focus to protecting data backups at all costs. Rubrik’s technology leader for Australia and New Zealand, Dale Heath, has said many local organizations still have an operational resilience mindset and are relying on systems not designed for cyber resilience when ransomware attackers breach perimeter defenses. Local IT teams can take the advantage by adopting a zero-trust approach, improving communication between ITOps and SecOps teams and decreasing unknowns by testing ransomware scenarios, in addition to prioritizing rapid data backup recovery, he said. Jump to: * Ransomware attacks demand urgent ‘assume-breach’ shift * Rapid data recovery could save organizations millions * Three problems in current approaches to cybersecurity * Unknowns could be the enemy in attack preparedness RANSOMWARE ATTACKS DEMAND URGENT ‘ASSUME-BREACH’ SHIFT Cybercrime was expected, according to the World Economic Forum, to cost global companies US $5.2 trillion (AU $8.8 trillion) between 2019 and 2023, a figure higher than the world’s third-largest economy. Further, ransomware attacks are expected to happen every two seconds by the year 2031. A number of Australian organizations have been high profile victims. One example is the attack on law firm HWL Ebsworth in 2023 by the Russia-linked ALPHV/BlackCat ransomware group. In this attack, a total of 65 Australian government departments and agencies were impacted. MUST-READ SECURITY COVERAGE * Best SIEM Tools and Software for 2023 * Atlas VPN Review (2023): Features, Pricing, Alternatives * Australia, New Zealand Enterprises Spend Big on Security — But Will It Be Enough? * Quick Glossary: Cybersecurity Attacks Rubrik sees global customers hit by ransomware on a daily basis. Three of its over 100 Australian customers have been involved in ransomware attacks just in recent months. “Investing in perimeter security is still essential to organizations for cyber resilience and cyber security,” said Heath. “But protecting applications, networks and perimeter security is not enough. And the reason is perimeter defenses are getting breached. Bad actors are getting in.” PREMIUM: Download our comprehensive resource and data recovery policy. DATA BACKUPS BEING TARGETED IN CYBERATTACKS Heath said a change in approach was required. While in the past organizations had focused on building the defenses required to keep cybercriminals out, the best hope of safeguarding data in the current risk-prone environment was to adopt zero-trust principles to defend data. “An assume-breach mindset is now absolutely essential,” Heath said. “They are going to get in, and they are going to go after and get access to data. They will go after your data backups, which is your last line of defense, and then they will execute a ransomware attack.” Whether cybercriminals gain access through a misconfigured firewall, a zero day exploit, compromised user credentials or a third-party software vendor, Heath said they are getting in, and when they do, they are going after sensitive data — including data backups. In The State of Data Security: The Hard Truths, Rubrik’s Zero Labs cybersecurity research unit found 99% of organizations reported malicious actors attempting to impact data backups during a cyberattack. In addition, 74% said that these attempts were at least partially successful. PAYING A RANSOM NO GUARANTEE OF DATA RECOVERY Rubrik’s research showed 64% of Australian IT and security leaders would likely pay a ransom to recover their data after a cyberattack. The main reason driving this was they would otherwise have no way to access their data. However only 14% of Australian organizations that paid attackers for decryption tools after a ransomware attack were able to recover all their data. RAPID DATA RECOVERY COULD SAVE ORGANIZATIONS MILLIONS To avoid detection, ransomware attackers are moving faster. Data shows median dwell times of ransomware attackers between breach and detection have plummeted in recent years, with some estimates as low as five days during the first half of 2023. Meanwhile, the average downtime after a ransomware attack was at 24 days according to Statista (Figure A). Figure A The average downtime duration after ransomware attacks worldwide. Image: Statista Heath argues organizations should focus on achieving rapid recovery after a ransomware or cyberattack event. Rather than looking at a recovery timeframe in the days, weeks or even months, he said organizations can now potentially be up and running again in hours. SEE: Review our selection of the 8 best data recovery software systems for 2023 “These attacks are happening all the time now, and organizations are struggling to recover,” Heath said. “Operationally, they are able to recover, but in terms of cyber recovery, it can be weeks or sometimes months, and it can end up costing them millions of dollars.” LANGS BUILDING SUPPLIES AVOIDED PAYING $15 MILLION IN BITCOIN Heath said Rubrik aims to safeguard a “bullet-proof” backup of an organization’s data. It combines this with the ability to observe and assess the scope and impact of an attack in real time, and get customers back up and running within hours without reinfecting the environment. He mentions Langs Building Supplies as an example. It used Rubrik to survive a 2021 attack affecting hundreds of thousands of files. It was able to be fully back up and running within 24 hours without losing any data and without paying the $15 million bitcoin ransom demand. THREE PROBLEMS IN CURRENT APPROACHES TO CYBERSECURITY In addition to a continued traditional focus on boosting perimeter defenses, organizations are currently facing a number of key challenges in their approach to cybersecurity. SYSTEMS HAVE BEEN DESIGNED FOR OPERATIONAL RESILIENCE Organizations in the past have focused on operational recovery or disaster recovery rather than recovery from a cyber event. The systems haven’t been designed to recover and shorten the recovery process length or to do so without reinfecting the IT environment again. COMMUNICATION BETWEEN ITOPS AND SECOPS TEAMS Collaboration between ITOps and SecOps could be more streamlined, including through tech automation. “There still seems to be a bit of a gap in communication,” said Heath. “ITOps have their role and so do SecOps, and while collaboration is getting better, it is not where it should be.” TESTING AND READINESS FOR A CYBER OR RANSOMWARE ATTACK Organizations aren’t as prepared as they could be for an attack because of lack of testing, meaning they don’t know how long it would take them to get back up and running. “They are struggling to automate and test that and be able to say with absolute certainty when they will have critical workloads back into production after being hit with a cyber security event,” said Heath. UNKNOWNS COULD BE THE ENEMY IN ATTACK PREPAREDNESS Boards only want to know the answer to two questions in the event of an attack, Heath said. The first is what the extent of the data compromise or impact actually is, and the second is how long it will be until the organization is able to get back up and running. Being able to demonstrate how an organization will manage and recover from an attack through testing — as well as a clear indication of how long that will take — can dispel the unknowns in the equation for boards and for the IT leaders safeguarding organizational data. Heath recommends IT leaders think about how they would respond to a ransomware attack if one happened today. He also suggests acquiring the ability to increase the frequency of testing, even to the point of testing weekly, rather than every three, six or 12 months. “If your ability to recover after an attack is unknown, that unknown could end up blowing out to days, weeks or even months,” Heath said. “We have seen some organizations still months down the line, still struggling to recover and to bounce back from an attack.” SUBSCRIBE TO THE CYBERSECURITY INSIDER NEWSLETTER Strengthen your organization's IT security defenses by keeping abreast of the latest cybersecurity news, solutions, and best practices. Delivered Tuesdays and Thursdays Email Address By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at any time. Subscribe Ben Abbott Published: October 12, 2023, 5:02 AM EDT Modified: October 13, 2023, 4:26 PM EDT See more Security articles ALSO SEE * Australia Is Adapting Fast to a Generative AI World (TechRepublic) * Cloud Strategies Are Facing a New Era of Strain in Australia, New Zealand (TechRepublic) * Quantum Computing: Australia's Next Great Tech Challenge & Opportunity (TechRepublic) * Network security policy (TechRepublic Premium) * Cybersecurity: More must-read coverage (TechRepublic on Flipboard) WHITE PAPERS, WEBCASTS, AND DOWNLOADS INTRODUCTION TO CHATGPT Training from TechRepublic Academy Learn More HIRING KIT: MARKET RESEARCH ANALYST Downloads from TechRepublic Premium Download Now RFP TEMPLATES AND GUIDEBOOK Tools & Templates from TechRepublic Premium Download Now PDF CONVERTER PRO: LIFETIME LICENSE Tools & Templates from TechRepublic Academy Give It A Try! 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