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Behind ransom-as-a-service

A report has recently been published on Cerber, one of the largest active ransomeware campaigns. Furthermore, the report shines light on how researchers are helping businesses gain access to their encrypted files without having to pay for the ransoms of cyber criminals.

Check Point has published new findings on Cerber, one of the largest active franchises in a murky segment of cybercrime called ransomware-as-a-service. The report shines a light on the growing ransomware-as-a-service industry, revealing a path researchers are now using to help individuals and businesses gain access to their encrypted files – without paying the increasingly inflated ransoms of cyber criminals.

In a 60-page report, Check Point’s Threat Intelligence and Research Team, along with research partner IntSights Cyber Intelligence, identify new details and analysis on Cerber’s technical and business operation, revealing:

·       Of all ransomware, the Cerber infection rate is significantly higher and more profitable. Cerber is currently running more than 160 active campaigns across the globe, with total annual projected revenue of approximately $2.3 million. Each day eight new campaigns on average are launched; in July alone, the research revealed approximately 150,000 victims affected in 201 countries and territories.

·       Cerber affiliates have become successful money launderers. Cerber uses the Bitcoin currency to evade tracing, and creates a unique wallet to receive funds from each of its victims. Upon paying the ransom (usually one Bitcoin, which is currently worth $590), the victim receives the decryption key. The Bitcoin is transferred to the malware developer through a mixing service, which involves tens of thousands of Bitcoin wallets, making it almost impossible to track them individually. At the end of the process, the money reaches the developer, and the affiliates receive their percentage.

·       Cerber is opening the doors for more would-be hackers. Cerber enables non-technical individuals and groups to take part in the highly profitable business and run independent campaigns, using a set of assigned Command & Control (C&C) servers and a convenient control panel available in 12 different languages.

Since June 2016, Check Point and IntSight have been charting a comprehensive map of the complex system developed by Cerber, as well as its global distribution infrastructure. Researchers were able to regenerate actual victim wallets, allowing the team to monitor payments and transactions, and opening the door to track both the revenue gained by the malware and the money flow itself. Further, this information provided the blueprint for a decryption tool that could remedy infected systems without individuals or businesses bending to cyber-criminal ransom demands.

“This research provides a rare look at the nature and global targets of the growing ransomware-as-a-service industry,” said Maya Horowitz, group manager, Research & Development, Check Point. “Cyber-attacks are no longer the sole essence of nation-state actors and of those with the technical ability to author their own tools; nowadays, they are offered to anyone and can be operated fairly easily. As a result, this industry is growing extensively, and we should all take the proper precautions and deploy relevant protections.”

For more information on the findings, the full report ‘CerberRing: An In-Depth Exposé on Cerber Ransomware-as-a-Service’ can be found here: http://www.checkpoint.com/resources/cerberring/. In addition, for the steps a business or individual can take to decrypt a file infected with Cerber-based malware, visit: http://cerberdecrypt.com.

Check Point’s Threat Intelligence & Research divisions regularly investigate attacks, vulnerabilities and breaches, and develop protections to secure Check Point’s customers. For more information on other research findings from Check Point, visit: http://www.checkpoint.com/threatcloud-central/.

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Veeam passes $1bn, prepares for cloud’s ‘Act II’

Leader in cloud-data management reveals how it will harness the next growth phase of the data revolution, writes ARTHUR GOLDSTUCK

Veeam Software, the quiet leader in backup solutions for cloud data management,has announced that it has passed $1-billion in revenues, and is preparing for the next phase of sustained growth in the sector.

Now, it is unveiling what it calls Act II, following five years of rapid growth through modernisation of the data centre. At the VeeamON 2019conferencein Miami this week, company co-founder Ratmir Timashev declared that the opportunities in this new era, focused on managing data for the hybrid cloud, would drive the next phase of growth.

“Veeam created the VMware backup market and has dominated it as the leader for the last decade,” said Timashev, who is also executive vice president for sales and marketing at the organisation. “This was Veeam’s Act I and I am delighted that we have surpassed the $1 billion mark; in 2013 I predicted we’d achieve this in less than six years. 

“However, the market is now changing. Backup is still critical, but customers are now building hybrid clouds with AWS, Azure, IBM and Google, and they need more than just backup. To succeed in this changing environment, Veeam has had to adapt. Veeam, with its 60,000-plus channel and service provider partners and the broadest ecosystem of technology partners, including Cisco, HPE, NetApp, Nutanix and Pure Storage, is best positioned to dominate the new cloud data management in our Act II.”

In South Africa, Veeam expects similar growth. Speaking at the Cisco Connect conference in Sun City this week, country manager Kate Mollett told Gadget’s BRYAN TURNER that the company was doing exceptionally well in this market.

“In financial year 2018, we saw double-digit growth, which was really very encouraging if you consider the state of the economy, and not so much customer sentiment, but customers have been more cautious with how they spend their money. We’ve seen a fluctuation in the currency, so we see customers pausing with big decisions and hoping for a recovery in the Rand-Dollar. But despite all of the negatives, we have double digit growth which is really good. We continue to grow our team and hire.

“From a Veeam perspective, last year we were responsible for Veeam Africa South, which consisted of South Africa, SADC countries, and the Indian Ocean Islands. We’ve now been given the responsibility for the whole of Africa. This is really fantastic because we are now able to drive a single strategy for Africa from South Africa.”

Veeam has been the leading provider of backup, recovery and replication solutions for more than a decade, and is growing rapidly at a time when other players in the backup market are struggling to innovate on demand.

“Backup is not sexy and they made a pretty successful company out of something that others seem to be screwing up,” said Roy Illsley, Distinguished Analyst at Ovum, speaking in Miami after the VeeamOn conference. “Others have not invested much in new products and they don’t solve key challenges that most organisations want solved. Theyre resting on their laurels and are stuck in the physical world of backup instead of embracing the cloud.”

Illsley readily buys into the Veeam tagline. “It just works”. 

“They are very good at marketing but are also a good engineering comany that does produce the goods. Their big strength, that it just works, is a reliable feature they have built into their product portfolio.”

Veeam said in statement from the event that, while it had initially focused on server virtualisation for VMware environments, in recent years it had expanded this core offering. It was now delivering integration with multiple hypervisors, physical servers and endpoints, along with public and software-as-a-service workloads, while partnering with leading cloud, storage, server, hyperconverged (HCI) and application vendors.

This week, it  announced a new “with Veeam”program, which brings in enterprise storage and hyperconverged (HCI) vendors to provide customers with comprehensive secondary storage solutions that combine Veeam software with industry-leading infrastructure systems. Companies like ExaGrid and Nutanix have already announced partnerships.

Timashev said: “From day one, we have focused on partnerships to deliver customer value. Working with our storage and cloud partners, we are delivering choice, flexibility and value to customers of all sizes.”

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‘Energy scavenging’ funded

As the drive towards a 5G future gathers momentum, the University of Surrey’s research into technology that could power countless internet enabled devices – including those needed for autonomous cars – has won over £1M from the Engineering and Physical Sciences Research Council (EPSRC) and industry partners.

Surrey’s Advanced Technology Institute (ATI) has been working on triboelectric nanogenerators (TENG), an energy harvesting technology capable of ‘scavenging’ energy from movements such as human motion, machine vibration, wind and vehicle movements to power small electronic components. 

TENG energy harvesting is based on a combination of electrostatic charging and electrostatic induction, providing high output, peak efficiency and low-cost solutions for small scale electronic devices. It’s thought such devices will be vital for the smart sensors needed to enable driverless cars to work safely, wearable electronics, health sensors in ‘smart hospitals’ and robotics in ‘smart factories.’ 

The ATI will be partnered on this development project with the Georgia Institute of Technology, QinetiQ, MAS Holdings, National Physical Laboratory, Soochow University and Jaguar Land Rover. 

Professor Ravi Silva, Director of the ATI and the principal investigator of the TENG project, said: “TENG technology is ideal to power the next generation of electronic devices due to its small footprint and capacity to integrate into systems we use every day. Here at the ATI, we are constantly looking to develop such advanced technologies leading towards our quest to realise worldwide “free energy”.

“TENGs are an ideal candidate to power the autonomous electronic systems for Internet of Things applications and wearable electronic devices. We believe this research grant will allow us to further the design of optimized energy harvesters.”

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