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Latest cryptocurrency news > CRYPTOCURRENCY SECURITY > Rising Threat: Akira Ransomware Extorts Millions from Global Firms
CRYPTOCURRENCY SECURITY

Rising Threat: Akira Ransomware Extorts Millions from Global Firms

BH NEWS
Last updated: 19 April 2024 13:31
BH NEWS 2 years ago
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The Akira ransomware group, a significant cybersecurity concern, has successfully infiltrated over 250 global organizations, amassing about $42 million from ransom demands. The United States Federal Bureau of Investigation (FBI), supported by international cybersecurity agencies, has been actively investigating the group’s activities since March 2023. Targeting primarily North America, Europe, and Australia, Akira has compromised various business and critical infrastructure networks.

Contents
Cybersecurity Alert on Akira’s Expanding TacticsStrategies to Counteract Akira’s ThreatsPoints to take into account

Cybersecurity Alert on Akira’s Expanding Tactics

Originally focusing on Windows operating systems, Akira has recently evolved its technological arsenal to include attacks on Linux systems. A collective cybersecurity advisory was issued by the FBI alongside the Cybersecurity and Infrastructure Security Agency (CISA), Europol’s European Cybercrime Centre (EC3), and the Dutch National Cyber Security Centre (NCSC-NL), aiming to bolster defenses against this growing threat. The advisory highlights that Akira often initiates attacks through virtual private networks that lack robust multi-factor authentication, subsequently escalating privileges and extracting sensitive data.

Unlike typical ransomware operations, Akira does not immediately disclose ransom demands or payment instructions. Instead, the group waits to establish contact with the victim before making any demands, primarily requesting payments in Bitcoin to unlock the affected systems.

Strategies to Counteract Akira’s Threats

The advisory includes several mitigation strategies to prevent further breaches by Akira. These include implementing comprehensive recovery plans, enforcing multi-factor authentication, filtering network traffic, deactivating unnecessary ports, and encrypting data across systems. Such measures are crucial in combating the sophisticated techniques employed by the Akira group.

Points to take into account

  • Enforce multi-factor authentication on all network points to reduce vulnerability.
  • Regularly update and patch systems to guard against known vulnerabilities exploited by ransomware.
  • Develop and test comprehensive incident response strategies to ensure preparedness for potential breaches.

In conclusion, the threat posed by the Akira ransomware group underscores a critical need for heightened cybersecurity awareness and preparedness among global organizations. By adopting recommended security measures and staying informed about ransomware tactics, businesses can better protect themselves against such invasive threats.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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