Barracuda Email Security
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Keep your email, users, and data safe with Barracuda Email Security, Protect your valuable data especially Microsoft 365 with Cloud Protection
Most data breaches and downtime start with an email attack.
Email Security & Cloud Protection can help avoid the worst of the data breach and security problems. Recent studies reveal that 92% of malware arrives through email, and 16.7% of phishing recipients will click on a malicious link or attachment. This can lead to ransomware, data loss, and other attacks that spread beyond the email system.
Below report from Singapore Cyber Landscape 2021 Report.
SINGAPORE – Fifty per cent more companies in Singapore fell prey to ransomware last year, as such attacks increasingly become national security threats. While most companies have some forms of Email Security, many do not practice cloud protection and proper backups.
Mirroring global trends, the number of firms in Singapore that had their systems locked up until a ransom was paid shot up from 89 in 2020 to 137 last year, said the Cyber Security Agency (CSA) of Singapore.
Firms hit by ransomware, Email Security & Cloud Protection are the cures
“The year saw ransomware attacks ‘graduate’ fully from sporadic and isolated incidents, into legitimate national security risks capable of massive and systemic attacks affecting entire networks of large enterprises,” said CSA in its Singapore Cyber Landscape 2021 report released on Monday (Aug 29, 2022)
As not every attack was reported, the figures may very well represent only the tip of the iceberg, the sixth annual report said.
CSA found that a majority of firms here hit by ransomware last year were small and medium-sized enterprises (SMEs) from industries such as IT and manufacturing, said to be “low hanging fruit”.
“These two sectors often run 24/7 operations and may not be able to afford the downtime to patch their systems,” said the agency.
It said several groups that targeted Singapore SMEs use the ransomware-as-a-service model, where hackers lease malicious software to other cyber criminals in exchange for a cut of the proceeds. This model significantly lowers the barrier to entry for amateur or less-skilled hackers to attack companies.
Although the report did not provide specific Singapore cases in detail, it mentioned a data breach last January involving the personal information about 129,000 Singtel customers as a result of ransomware attack.
Hackers exploited vulnerabilities, they seek to compromise your Email Security first
in US tech firm Accellion’s file-sharing software, which is used by Singtel and many global firms. Cyber criminals later posted a ransom note addressed to Accellion demanding $250,000 worth of bitcoin. The incident shone the spotlight on supply chain risks and email security lapse.
Other high-profile global incidents include an attack on American fuel transporter Colonial Pipeline’s IT systems in May last year, which affected its oil and gas supply to about 50 million customers, leading to fuel shortages and price hikes.
Ireland’s Health Service Executive and New Zealand’s Waikato District Health Board were also hit by ransomware in May last year, which caused sensitive patient data to be leaked and the shutdown of the organisations’ systems that disrupted essential healthcare services.
One of the world’s largest meat producers, JBS, temporarily suspended operations at its processing plants in North America and Australia, after a ransomware attack in June last year shut down its IT network. The move threatened to disrupt global food supply chains and further inflate food prices. It later paid US$11 million ($15.3 million) to criminals to restore its data.
Also mirroring global trends, there was a three-fold increase in the number of command and control servers controlled by hackers hosted here – from 1,026 in 2020 to 3,300 last year, said CSA.
Our solutions can help you:
- Stop attacks before they arrive in the inbox
- Respond immediately to detected threats
- Protect email and data with archiving and cloud backup
- Train your email users on phishing defense
Protect your Microsoft 365 emails, users and data with Barracuda Email Security and Cloud Protection
Barracuda offers comprehensive security for your Microsoft 365 environment, providing an extra layer of protection above and beyond basic security features