Ransomware as a Service (RaaS). According to the cybersecurity firm Sophos, 60% of all ransomware attacks executed in 2021-2022 were perpetrated by RaaS groups, which lease out ransomware infection services in a software-as-a-service model on the dark web.
You can imagine how accessible cybercrime must have become going into 2023. Anyone with a basic knowledge of internet forums can go online and purchase a software kit that enables him to launch highly sophisticated cybersecurity attacks against organizations.
There used to be a time when ransomware attacks mostly affected on-premises infrastructure. But that time is long past. Malicious actors can remotely encrypt access to organizational data stored in the cloud, then demand millions of dollars in cryptocurrency as extortion payment for releasing those files.
If you’re an enterprise-level organization or a managed services provider using Microsoft 365, you would be remiss to think that storing your data in the cloud would shield you against malware attacks. If anything, you need to be all the more conscious about plugging vulnerabilities in your cloud ecosystem before dangerous cybercriminals can take advantage.
Let’s go over everything you can do to protect your Microsoft 365 business ecosystem against ransomware attacks, including built-in security features, industry-standard best practices, and powerful identity protection tools.
It used to be that migrating to a cloud-based setup was considered an effective way to prevent malware attacks and ensure appropriate data protection.
However, cyberattack perpetrators have since grown a lot more sophisticated. Ransomcloud technology now allows them to target and infiltrate cloud-based business ecosystems with known security vulnerabilities in their data infrastructure.
Now, attackers can use a combination of scripts, botnets, and code injections to encrypt not only your devices but also data stored with third-party cloud services.
So, is ransomware an on-premises problem? If you’d asked this question a few years ago, the answer would have been a yes. But now, it’s a resounding “no”. Ransomware attacks can affect businesses of any size, whether they use old-school server rooms or cloud-based data centers to store their organizational data.
In its 2022 Digital Defense Report, Microsoft claims that it has successfully warded off more than 70 billion email and identity attacks in the last year alone. It also says that one in every 2,500 organizations is likely to fall victim to a successful attack.
Microsoft offers a host of built-in anti-malware features to help combat ransomware attacks. Apart from these, you can also take advantage of the many industry-standard best practices and third-party cybersecurity tools available to protect your organization’s backbone against threats of data loss.
Microsoft 365 offers the following features and components to address security needs and protect your organization against attacks:
However, it’s worth noting that almost none of these features are plug and play. You have to manually enable and configure each component so that it works best for your organization. If you need help managing your security settings with Microsoft 365, you can try using an external configuration management platform like Simeon Cloud. Sign up for a free demo to learn more.
If your organization’s digital infrastructure runs on Microsoft 365, there’s a set of online security best practices you can follow to prevent your sensitive data from falling into the wrong hands.
Simeon Cloud is the only premium configuration management solution for Microsoft 365 that lets you control your business’ security setup with granular precision. From backing up your configuration files to helping you manage your data retention policies, it has all the functionality you need to ensure the best compliance and security standards for your organization.
Here are a few ways how Simeon can help you stop ransomware attacks:
Sound interesting? If you’d like to learn more about how Simeon can fit into your existing security setup and improve it, sign up for a free demo to see our software in action!