As we move beyond the first quarter of 2024, the digital threat landscape continues to evolve at an alarming pace. Among the most significant and persistent threats are ransomware attacks, which have the potential to cripple businesses, organisations, and even entire cities. In this blog post, we’ll take a closer look at some of the ransomware strains that are expected to make headlines in 2024, and what you can do to protect yourself and your organisation.

1. CryptoLocker 2.0

CryptoLocker, one of the most notorious ransomware strains, is expected to make a comeback in 2024 with a new and improved version. CryptoLocker 2.0 is likely to use more sophisticated encryption algorithms and target a wider range of file types, making it even harder for victims to recover their data without paying the ransom.

2. RansomCloud

As more and more businesses move their data and applications to the cloud, cybercriminals are expected to follow suit. RansomCloud is a new type of ransomware that specifically targets cloud-based services, such as Google Drive, Dropbox, and Microsoft OneDrive. Once a user’s cloud storage is infected, the ransomware encrypts all the files and demands a ransom payment to release them.

3. IoT Ransomware

The Internet of Things (IoT) has revolutionised the way we live and work, but it has also created new opportunities for cybercriminals. In 2024, we can expect to see an increase in ransomware attacks targeting IoT devices, such as smart home appliances, wearables, and industrial control systems. These attacks could have far-reaching consequences, from disrupting manufacturing processes to compromising personal data.

4. AI-Powered Ransomware

As artificial intelligence (AI) continues to advance, cybercriminals are expected toleverage this technology to create more sophisticated and targeted ransomware attacks. AI-powered ransomware could analyse a victim’s data and network to determine the most valuable files and systems to encrypt, increasing the likelihood of a successful attack and a higher ransom payout.

5. Ransomware-as-a-Service (RaaS)

Ransomware-as-a-Service (RaaS) is a growing trend in the cybercrime world, where ransomware developers offer their malware to other criminals for a fee or a percentage of the ransom. In 2024, we can expect to see more RaaS offerings on the dark web, making it easier for even novice cybercriminals to launch ransomware attacks.

To protect yourself and your organisation from future ransomware attacks, consider implementing the following best practices, including our specialised security products from our security products

  1. Ensure your software and operating systems are always updated with the latest security patches. Our security solutions offer comprehensive updates management to keep your systems secure.
  2. Utilise strong, unique passwords and enable two-factor authentication whenever possible. Our security products include advanced authentication systems to enhance your protection.
  3. Regularly back up your data, ideally to an external hard drive or a cloud-based service. SMS provides top-tier cloud backup solutions, ensuring your data is safe and recoverable.
  4. Educate your employees about the risks of phishing emails and suspicious links.
  5. Invest in robust cybersecurity solutions, such as antivirus software, firewalls, and intrusion detection systems, all available through us. Our products are designed to provide comprehensive protection for your organisation.

By incorporating our security solutions into your cybersecurity strategy, you can minimise the risk of falling victim to a ransomware attack in 2024 and beyond. Cybersecurity is a shared responsibility, and with our support, we can work together to maintain a safe and secure digital world.

Why SMS?

Since 2006, our cloud services have supported over 4,500 businesses, managing more than 27,000 mailboxes and other services. Our UK-based team of experts is available 24/7/365 to provide skilled and helpful support and keep your business online. We offer cost-effective solutions and streamline billing with everything under one roof. You can also count on our migration experts to guide you through the planning and execution phases. Experience reliable, affordable, and comprehensive cloud technology with SMS. Find out more about our Professional Services here