2018 Malware Forecast: ransomware hits the UK hard, continues to evolve

Sophos releases its 2018 Malware Forecast today, and the big takeaway is this: ransomware remains a huge problem for companies and isn’t going away. In 2017, attackers further perfected their ransomware delivery techniques, leading to global outbreaks such as WannaCry, NotPetya and, most recently, Bad Rabbit. The UK was the second highest single country hit, behind the United States.

Though most ransomware is hitting Windows users, it’s clear that people aren’t immune if they use other platforms, including mobile devices. A prime example is the amount of ransomware contaminating Android apps, whether they’re in Google Play or other online sources.

Ransomware from 1 April – 3 October 2017

Ransomware remains a vexing problem for many companies. SophosLabs has looked at the most prolific ransomware families and attack vectors over a six-month period with an eye toward helping those organizations cope.

The statistics below cover the six-month period between 1 April and 3 October 2017. The data was collected using lookups from customer computers.

WannaCry, unleashed in May 2017, was the number-one ransomware intercepted from customer computers, dethroning longtime ransomware leader Cerber, which first appeared in early 2016. WannaCry accounted for 45.3% of all ransomware tracked through SophosLabs, with Cerber accounting for 44.2%.

“For the first time, we saw ransomware with worm-like characteristics, which contributed to the rapid expansion of WannaCry. This ransomware took advantage of an old Windows vulnerability to infect and spread to computers, making it hard to control,” said SophosLabs researcher Dorka Palotay, who specializes in ransomware analysis. “Even though WannaCry has tapered off and Sophos has defenses for it, we still see the threat because of its inherent nature to keep scanning and attacking computers. We’re expecting cybercriminals to build upon WannaCry and NotPetya and their ability to replicate, and this is already evident with Bad Rabbit ransomware, which shows many similarities to NotPetya.”

The Sophos 2018 Malware Forecast reports on the acute rise and fall of NotPetya, ransomware that wreaked havoc in June 2017. NotPetya was initially distributed through a Ukranian accounting software package, limiting its geographic impact. It was able to spread via the EternalBlue exploit, just like WannaCry, but because WannaCry had already infected most exposed machines there were few left unpatched and vulnerable.

The motive behind NotPetya is still unclear because there were many missteps, cracks and faults with this attack. For instance, the email account that victims needed to contact attackers didn’t work and victims could not decrypt and recover their data, according to Palotay.

“NotPetya spiked fast and furiously before taking a nose dive, but did ultimately hurt businesses. This is because NotPetya permanently destroyed data on the computers it hit. Luckily, NotPetya stopped almost as fast as it started,” said Palotay. “We suspect the cybercriminals were experimenting or their goal was not ransomware, but something more destructive like a data wiper. Regardless of intention, Sophos strongly advises against paying for ransomware and recommends best practices instead, including backing up data and installing Sophos Intercept X, which can detect zero-day ransomware within seconds.”

Cerber, sold as a ransomware kit on the Dark Web, remains a dangerous threat. The creators of Cerber make money by charging the criminals who use it a percentage of each ransom they’re paid. The malware is continually refined and updated in an attempt to stay one step ahead of security software. Regular new features make Cerber not only an effective attack tool, but perennially available to cybercriminals.

The trends are captured in the ransomware graphic above.

You can read more on Sophos’ findings via this link, or talk to one of our experts today on 01274 396 213.

Fifth Year Turnover

Complete IT Systems are delighted to report that in our fifth year our turnover has risen ten percent adding to our consistent growth that saw us crowned Yorkshires fastest growing Medium Sized Company 2012. As with the previous year’s growth the credit for this achievement lies with our dedicated team of technical, sales and support professionals and by the collective belief held by every member of our team in delivering real customer value.

Complete IT Systems have Grown from our inception in May 2007 with turnover figures of £1.9m £3.5m, £6.2m, £8.25m £9m despite the economic climate by delivering on our simple key values of honesty and integrity.

We have demonstrate this by delivering on our promises to customers and suppliers alike, delivering paying and responding on time at all levels.

CIT Named Fastest 50

COMPLETE IT SYSTEMS NAMED THE FASTEST GROWING MEDIUM SIZED COMPANY IN YORKSHIRE

Complete IT Systems named the fastest growing Medium sized company in Yorkshire

Complete IT Systems have been crowned Yorkshire’s Fastest Growing medium sized business 2012.

The company, which was formed in May 2007 by Paul Spence and Ben Gregg has grown rapidly over the past five years. It provides information technology products and services to business and the public sector across the UK and is accredited with the majority of channel vendors – including being a Microsoft Gold Partner and a VMware Enterprise Partner.

Bucking the economic trend, it has recently invested almost £500,000 in purpose built premises, based between Leeds and Bradford. “Our rapid growth is due in no small part to our embracing leading technology and delivering it to customers for the first time” said Managing Director Paul Spence. “This has empowered us to take market share and create new business opportunities in equal measure”.

The awards were presented at a ceremony at Aspire Leeds. Organised by law firm Ward Hadaway, in association with the Yorkshire Post, they are researched and compiled by independent economic researchers at the highly respected Bradford University School of Management.

The Yorkshire Fastest 50 celebrates the regions success stories by recognising profitable private sector companies that have seen the biggest annual growth rate in turnover. To be eligible companies have had to make profits over each of the past three years, as well as achieving turnover growth during the same period. Complete IT systems turnover grew from £3.5m to £8.25m in this period.

Sales Director Ben Gregg says: “We have worked hard to grow employment and prosperity in Bradford and have always taken an ethical approach to business. Things like paying our invoices on time and investing heavily in training help us to build a reputation for quality and excellence that both suppliers and customers want to engage with.”

“Being crowned as the fastest growing medium sized company in Yorkshire is a great honour and the credit for this goes straight to our team. We will use this award to continue to build our reputation and would like to thank the organisers for giving us this platform to build on.”

To see film of the event click here 

£8.25 Million Fourth Year Turnover

COMPLETE IT SYSTEMS HAS ANNOUNCED A FOURTH YEAR TURNOVER OF £8.25 MILLION.

Complete IT Systems has announced a fourth year turnover of £8.25 Million.

Complete IT Systems are delighted to report that in our fourth year our turnover has risen by over 30 percent. Profits rose in line with turnover as expected. This continued  fantastic growth has been a result of continued dedicated effort by our team of technical, sales and support professionals and by the collective belief held by every member of our team in delivering real customer value.

Complete IT Systems have Grown from our inception in May 2007 with turnover figures of £1.9m £3.5m, £6.2m and this year £8.25m despite the economic climate by delivering on our simple key values of honesty and integrity.

We have demonstrate this by delivering on our promises to customers and suppliers alike, delivering paying and responding on time at all levels.