It was a bright Friday morning at 10 o’clock. Mr. J hurried to the office to ensure the timely delivery of weekly tasks to his clients. After all, it was a matter of organizational reputation in the international market. However, the moment he stepped inside, he was met with a commotion. His colleagues reported that strange messages were flashing on their corporate devices as soon as they connected to the organizational Wi-Fi. Upon closer inspection, the messages revealed that the company’s devices could only resume operation after paying a hefty ransom in cryptocurrency. 

This is how ransomware attacks impact modern-day organizations due to absence of SOC Subscriptions.

Importance of SOC Subscription as Proactive Defense Strategy

Without a proactive defense strategy such as SOC Subscription, ransomware can:

• Shut Down Hospitals and Banks: Adversaries launch ransomware attacks on hospitals and banks, encrypting their data and ceasing operations until a ransom is paid. However, in some cases, even after paying the ransom, complete data recovery becomes a significant challenge for these organizations.
• Encrypt Critical Government Data: A government’s decision-making heavily relies on access to relevant and adequate data. Ransomware attacks disrupt this access by targeting critical government data.
• Demand Millions in Ransom: Attackers often demand millions in ransom when targeting reputed organizations. Even after the ransom is paid, they may release only partial data to the victim and proceed to sell copies on the darknet market. 

Benefits of SOC Subscriptions

A Well-Functioning Security Operations Center (SOC) Can Prevent Ransomware Spread by:

• Detecting Malicious Behavior Early: Continuous traffic monitoring enables timely detection of malicious activity. Adversaries often use trojans as entry points to initiate ransomware attacks. SOCs can detect such attacks promptly, preventing the malware from spreading within the organization.
• Isolating Infected Systems Automatically: SOCs, equipped with updated threat intelligence, can effectively respond to potential ransomware incidents. Quick isolation of infected systems from the network helps prevent the attack from spreading to other devices.
• Providing Continuous Monitoring and Threat Intelligence: Continuous monitoring and updated threat intelligence enable SOCs to detect ransomware despite its increasing sophistication. Rapid detection is critical to limiting its impact on an organization’s network.

Do you think modern businesses are prepared for the next big ransomware attack? Let us know in the comments below!