15 March 2023
“Medusa” Alert: New Ransomware Threatens Businesses

Ransomware is one of the biggest threats to businesses.
In the world of cybersecurity, a group of hackers called “Medusa” is gaining popularity and has made itself known for having stolen data from many companies, asking for rather expensive ransoms in exchange.
Not surprisingly, cybercriminals have recently attracted attention for having claimed responsibility for an attack on public schools in Minneapolis and sharing the stolen data online.

Medusa is a type of malware that blocks access to computer data, once the system is infected, a payment in Bitcoins is asked as a ransom for data recovery, the ransom value can vary, but is usually several thousand dollars.

In the last month alone, Medusa hit 17 different targets as detected by Swascan’s Cyber ​​Threat Intelligence Team.

It is advisable not to pay the ransom, because cyber criminals offer no guarantees. However, one of the most fearsome risks of a ransomware attack is data loss or corruption.

To protect your data from the attack of ransomware, security experts recommend that you keep your software up-to-date, back up your important data regularly , and avoid clicking on suspicious links or attachments in emails or messages.

While we see significant advances in cybersecurity, our experience shows that many organizations still need to strengthen their controls, particularly around cybersecurity training, better network segmentation for critical environments, incidents and security governance.

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