On May 14, 2022, NetSPI’s VP of Strategic Solutions, Florindo Gallicchio, was featured in the Digital Journal article called Safeguarding Data from Dangerous Threats like Ryuk. Preview the article below, or read the full article online.

To maintain business continuity, each organization should develop a data protection and back-up strategy. To reduce the risk of data loss, firms need to back up files and databases. Firms will also want to back up their operating systems, applications, configuration. This ensures the protection of data from unauthorized access and data corruption throughout its lifecycle.

According to Florindo Gallicchio, Managing Director, Head of Strategic Solutions at NetSPI: “It’s time to acknowledge how critical data backup has become, especially since many ransomware strains attempt to delete backup files, as we witnessed with Ryuk.”

Ryuk is a type of ransomware known for targeting large, public-entity Microsoft Windows cybersystems. Here, the threat actors make sure that essential files are encrypted so they can ask for large ransom.
Expanding on the risks faced by the corporate sector, Gallicchio says: “Most businesses are faced with two significant risks when it comes to backups: the theft and public disclosure of sensitive data, and the disruption of critical business functions.”

In terms of the consequences, Gallicchio says: “If either of these risks occur, organizations could endure devastating consequences. To make sure that doesn’t happen, organizations need to proactively put strategies in place to bolster protection against these threat actors.”

Read the full article online.