Ransomware:

The Ultimate Threat Facing Modern Enterprises

Ransomware attacks have become a universal threat to organizations of all sizes and industries. Proactive prevention and a well-planned security framework are the most effective ways to defend against ransomware.

Global Ransomware Overview & Common Tactics

Market Situation:

As of September 2023, there are over 20 active ransomware families in the market, with LockBit being one of the most influential.

Mode of Operation:

Since 2020, LockBit has expanded its reach via an affiliate model; its affiliates employ multiple tactics to infiltrate organizations and critical infrastructure.

Attack Techniques:

  • Double extortion (encryption + data-leak threat)
  • Use of Initial Access Brokers (IABs) to rapidly gain entry into target networks
  • Advertising on hacker forums to recruit attackers and insiders
  • Hosting hacker competitions to attract technical talent

2019 Sep

Data Leakage

In September 2019, the group that later became LockBit positioned its predecessor as a RaaS provider. In that campaign, encrypted files used the extension .abcd.

2020 Jan

LockBit 1.0

In January 2020, the RaaS provider identified itself through the .ockbit file extension. Since then, this ransomware became notorious for its self‑propagation, capable of spreading infected scripts across devices without any human intervention.

2021 Jun

LockBit 2.0 (LockBit Red)

In June 2021, the RaaS operator amplified LockBit’s impact by integrating StealBit, a built‑in data‑theft tool used for double extortion to pressure victims into paying larger ransoms.

2021 Oct

LockBit Linux-ESXi Locker 1.0

In October 2021, LockBit targeted Linux hosts and files on ESXi servers hosting multiple virtual machines, employing both AES and ECC for data encryption.

2022 Mar

LockBit 3.0 (LockBit Black)

In March 2022, the variant advanced its double‑extortion techniques, evading/abusing Windows Defender and leveraging the commercial penetration‑testing tool Cobalt Strike to establish malware infection chains across multiple devices.

2023 Jan

LockBit Green

In January 2023, it acquired the source code of Conti ransomware and released LockBit Green. This ransomware variant is ultimately designed to target cloud-based services.

2023 Apr

LockBit 3.0 (LockBit Black)

In April 2023, a new variant targeting macOS emerged, capable of encrypting files on devices running Apple macOS.

……

LockBit is one of the most active ransomware groups, continuously evolving from LockBit → LockBit 2.0 → LockBit 3.0. Leveraging the RaaS model and an aggressive expansion strategy, it has victimized thousands of organizations worldwide.

Global Ransomware Overview & Common Tactics

4+ Weeks of Core Production Impact

Global Reputation Damage

Core Data Exfiltration

Regulatory Inquiries

2+ Weeks of Core Production Impact

High Ransom Payment Losses

Security Audit Incident

PR Crisis

Build a Comprehensive Defense Framework

Defending against ransomware requires enterprises to establish three core capabilities: Preparation, Protection & Detection, and Response. Cloudfall provides end-to-end services to ensure comprehensive protection and rapid incident response.Built on DevSecOps and agile principles for continuous innovation.

Backup & Recovery

Ensure successful data restoration in the event of a ransomware attack.

Network Share Access Permissions

Review network share usage to prevent ransomware spread, ensuring write access is limited to a minimal number of users and systems.

Info Security Awareness Training

Ransomware is often triggered by email or malicious link clicks. Continuous employee awareness training is essential to reduce the risk of ransomware attacks.

Email and Executable Controls

Ransomware often begins with email messages carrying Windows® executable files. Cybersecurity devices, such as next-generation firewalls, can identify these files as they traverse the network and block or isolate them.

Malware Protection

Signature-based detection systems for identifying new malware have proven unreliable. Unknown malware prevention systems should be employed to enhance cybersecurity devices.

Endpoint Control

虽然基于网络的安全设备有时对攻击事件是盲目的,但是基于端点的控件是可以在恶意文件开始执行之前停止执行。

Understanding the Threat

In some cases, vendors have recovered decryption methods that avoid paying ransoms. Locate ransomware artifacts in your systems and use intelligent tools to detect ransom indicators.

Prepare for the worst-case scenario.

Paying a ransom to recover files should only be a last resort. If payment becomes necessary, make sure you are ready to act immediately.

Managed Security Services

The Managed Security Services Significantly enhances network and endpoint defense capabilities while providing robust protections against unknown malware

Managed Detection & Response

Managed Email Security

Managed Security Awareness

Managed External Security Monitoring

Managed Cloud-Native Security

Managed LeaDatakage Protection

Ransomware Incident Response & Recovery Guide

Ransomware has rapidly emerged as one of the most serious cyber threats facing organizations worldwide, with an unprecedented scope and destructive power.

Immediate Containment & Evidence Preservation

  • Disconnect affected endpoints and networks to halt further spread.
  • Retain logs, disk images, and memory snapshots; avoid removing evidence.
  • Appoint a single point of contact and regulate internal communications.

Impact Assessment & Initial Investigation

  • Determine which business functions and data have been compromised; assign priorities.
  • Perform log and traffic analysis to identify signs of lateral movement.
  • Evaluate whether notification to partners, regulators or insurers is required.

Root-Cause and Remediation

  • Use forensic analysis to trace the attack chain and ingress point.
  • Identify the initial compromise vector (e.g., phishing, vulnerability, weak credentials).
  • Before restoring systems, block the same entry paths to prevent reinfection.

Recovery & Long-Term Hardening

  • Restore systems and data from verified offline backups.
  • Force a reset of affected credentials and access keys.
  • Conduct a post-incident review, patch vulnerabilities and improve monitoring and response workflows.

Protect Business from Ransomware Threats