BlackCat ransomware has been regarded as one of the most advanced ransomware threats but others have downplayed the risk of the ransomware strain, VentureBeat reports.
Gartner Senior Research Director Jon Amato noted that while BlackCat is a concern, it is not more severe than other ransomware variants."The big difference between BlackCat (also known as ALPHV) and other ransomware toolkits is that its written in Rust, and seems to have better memory protection and reliability. And initial indications are that BlackCat is more likely to successfully deploy and execute on target computers than ransomware toolkits written in C++ or other languages, for example," said Amato.
However, the emergence of BlackCat and other ransomware threats should prompt organizations to diversify their security solutions and do not solely depend on legacy systems, according to Cybereason Director of Security Strategy Ken Westin."In terms of preventative controls, enabling MFA in the organization is a good first step," Westin added.
Experts weigh in on BlackCat ransomware
BlackCat ransomware has been regarded as one of the most advanced ransomware threats but others have downplayed the risk of the ransomware strain.
Insurance firms have been urged by Deputy National Security Adviser for Cyber and Emerging Technologies Anne Neuberger to cease policies encouraging ransomware-hit organizations to provide extortion payments amid increasingly severe intrusions around the world.
Investigation into the attack, which no ransomware operation has claimed yet, is still underway, according to Highline, which noted that student and staff device re-imaging and network password resets will commence next week.
Attackers were able to exfiltrate individuals' names, Social Security numbers, and other personal details as a result of the incident but there has been no evidence suggesting the misuse of impacted data, said UMG in a filing with the Office of the Maine Attorney General.