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Ransomware attacks are becoming increasingly common worldwide, and Australia has found itself among the top targets of these attacks in recent months.
According to the Ransomware Quickview report from risk intelligence company Flashpoint, Australia was “sixth among the top 12 nations attacked by ransomware attacks in November 2022.”
The United States, Canada, the UK, Germany, Japan, India, Brazil, Thailand, France, Netherlands, and China are the top countries most targeted for ransomware attacks.
“The top 10 ransomware groups worldwide during that time were Lockpit, Royal, and Play, with Lockpit earning the top rank,” Flashpoint stated in a report.
There are 2,289 different posts detailing insider-related threat behaviour displayed in the Insider Threat Quickview by Flashpoint. Most of the posts were made by insiders who advertised their services and connections to possible threat actors across all industries.
Comparing November to October, insider threat-related posts in the retail industry increased by almost 50 per cent, underscoring the importance of awareness for businesses as the Christmas season approaches.
In the meantime, 1,478 vulnerabilities had been revealed, with more than half of them capable of being remotely exploited, according to Flashpoint’s Vulnerability Quickview.
In addition, 277 vulnerabilities were found that did not have a Common Vulnerabilities and Exposures (CVE) ID and were therefore excluded from the list of publicly available computer security problems. Red Hat, NETGEAR, and Microsoft were the three companies with the most vulnerabilities, each with 73. (68).
Security giant Sophos urges Australian businesses to prepare for a more challenging cyber industry in the upcoming year.
The ACSC has seen cybercriminals employ ransomware to successfully interrupt business operations and harm the reputation of Australian organisations, which is consistent with current global trends.
As part of the Australian Government’s efforts to improve cyber security, ACSC provides advice to help companies prevent ransomware and its impacts.
While the number of ransomware attacks reported in the country is still relatively low compared to other countries such as Russia and China, it’s a disturbing trend highlighting the need for increased government action to combat cybercrime.
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