May 30 Webinar | SOC Talk: Automating Threat Response
Reduce Alert Noise and False Positives
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ReliaQuest GreyMatter is a security operations platform built on an open XDR architecture and designed to help security teams increase visibility, reduce complexity, and manage risk across their security tools, including on-premises, clouds, networks, and endpoints.
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Shadow Talk
ReliaQuest's ShadowTalk is a weekly podcast featuring discussions on the latest cybersecurity news and threat research. ShadowTalk's hosts come from threat intelligence, threat hunting, security research, and leadership backgrounds providing practical perspectives on the week's top cybersecurity stories.
May 01, 2024
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Many companies tout their cultures; at ReliaQuest, we share a mindset. We focus on four values every day to make security possible: being accountable, helpful, adaptable, and focused. These values drive development of our platform, relationships with our customers and partners, and further the ReliaQuest promise of security confidence across our customers and our own teams.
On Friday, May 7, Colonial Pipeline took down parts of their IT infrastructure in the wake of a ransomware attack. The pipeline supplies 45% of the U.S. East Coast’s gas, diesel and jet fuel. The FBI confirmed on Monday that the criminal group responsible is leveraging the DarkSide RaaS (Ransomware-as-a-Service). The DarkSide group which has built the ransomware software and hosts the infrastructure rents out their platform to other groups who conduct the actual infiltration and attacks.
DarkSide is an interesting group as they have a code of conduct which implies, they will not attack hospitals, schools, and government organizations. The group also builds customized executables for each company targeted, so it is unclear if they were aware, they were targeting the pipeline, however they issued a “press release” stating they will vet targets in the future.
Moving forward relying on the benevolence of malware authors is not a sound security strategy and no industry or organization is safe from ransomware. Last month ReliaQuest provided our customers with a threat advisory report regarding ransomware which included an outline of key behaviors to monitor for ransomware. As ransomware is increasingly customized for specific organizations, and the infrastructure constantly changes, relying on IoCs alone can be a challenge and multiple layered preventative and response controls should be deployed.
ReliaQuest’s Threat Management Team continues to monitor the threat posed by DarkSide and other ransomware families and continuously updates our Intel and Detect capabilities within the GreyMatter platform, ensuring our customers have the most up-to-date coverage.
The Colonial Pipeline ransomware case reveals that the cost of ransomware goes well beyond just the ransom demanded, even as these ransom demands increase. The cost to business continuity can often be difficult to quantify, until it actually happens to an organization. Some of the other costs of a ransomware outbreak that businesses often fail to consider include:
As we have seen with the Colonial Pipeline, the effects of ransomware can be disastrous. We have seen business continuity affected in the past, but bringing down a pipeline that delivers almost half the gas, jet fuel and diesel to the Eastern United States has raised the stakes even higher. The cost of ransomware is not just the cost of the ransom itself, but also the cost associated with bringing critical systems down whether it’s a pipeline, hospital, key communication infrastructure, or critical business systems. Some of these costs are well beyond dollars and can have a significant impact on people’s lives. Organizations need to take the ransomware threat seriously and deploy appropriate preventative and response controls to properly mitigate the threat that goes beyond the perimeter.