If backups are stored electronically and are inaccessible from the financial institution’s network, the data is safe and cannot be encrypted. Administrator credentials are needed through a portal to be able to restore the data but, because of the retention rules, still cannot delete data that has not expired. The organization’s network only has access to backup data through the application with separate credentials that don’t have permission to delete or restore the encrypted data.
One air-gapped solution that is gaining wide attention is to have copies of the bank’s or credit union’s servers backed up to a separate network on a separate domain with retention. No one is arguing these days that accountholders are becoming more patient when it comes to a bank’s or credit union’s network being down. Technically, backing up to tape is an air-gapped solution and is good for long term archival storage, but it lacks the speed and flexibility needed in today’s always-on world.
The concept of air gapping is to store sensitive data in a separate location that is not accessible, should the bank’s or credit union’s network become compromised and then the files and other data become encrypted. Certainly, recent events suggest that ransomware attacks will continue to rise in terms of frequency and ransom demanded. While air gapping is not the panacea solution for ransomware, understanding and implementing an “air-gapped” solution is undeniably a best practice for community financial institutions and should be a high priority. The term “air gapping” is now the new buzzword from regulators and examiners and even appears in the recently released Ransomware Self-Assessment Tool. Not surprisingly, both bankers and regulators have taken up a renewed interest in how financial institutions can better protect themselves from this nightmare scenario. Vladimir Dunaev, a Russian national, had his initial appearance in federal court for his alleged role in a transnational, cybercriminal organization.Although ransomware has been a threat for organizations across diverse industries for decades, we are all aware that recently it has reached a prominence on the international stage never seen before – with multiple headlines and supply chain disruptions that affected millions of Americans. Russian National Extradited to United States to Face Charges for Alleged Role in Cybercriminal Organization Nickolas Sharp was arrested for secretly stealing gigabytes of confidential files from a New York-based technology company where he was employed.
JACK RANSOMWHERE SOFTWARE
LT Chu, a senior supervisory intelligence analyst for the FBI’s Seattle Field Office, discusses ransomware, malicious software that blocks access to a computer system or files until a “ransom” or monetary amount is paid.įormer Employee of Technology Company Charged with Stealing Confidential Data and Extorting Company for Ransom While Posing as Anonymous Attacker
The FBI Memphis Field Office is seeing a significant increase in the number of ransomware attacks, which is a type of malicious software or malware. Yaroslav Vasinskyi, a Ukrainian national, made his initial appearance and was arraigned on charges of conducting ransomware attacks against multiple victims.įBI Memphis Field Office Reminds Tennesseans About the Risk of Ransomware Sodinokibi/REvil Ransomware Defendant Extradited to United States and Arraigned in Texas
on an indictment that charges him with conspiracy to commit computer fraud in connection with his alleged participation in a sophisticated form of ransomware known as NetWalker. Sebastien Vachon-Desjardins was extradited from Canada to the U.S. The FBI Tampa Cyber Crime Task Force is reminding public and private sector businesses to take the necessary steps to minimize ransomware risks.įormer Canadian Government Employee Extradited to the United States to Face Charges for Dozens of Ransomware Attacks Resulting in the Payment of Tens of Millions of Dollars in Ransoms The Justice Department announced a complaint filed in the District of Kansas to forfeit cryptocurrency paid as ransom to North Korean hackers.įBI Tampa Asking Businesses to Bolster Defenses Against Ransomware Justice Department Seizes and Forfeits Approximately $500,000 From North Korean Ransomware Actors and Their Conspirators The FBI Honolulu Field Office has launched a cybersecurity awareness campaign to educate private sector businesses and organizations about the growing threat of cyberattacks. The FBI is engaged in a cybersecurity awareness campaign to warn government and private sector organizations in our region about continued cyber threats.įBI Honolulu Launches Cybersecurity Awareness Campaign FBI Philadelphia Urges Cybersecurity Awareness
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