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Bank Info Security 1 year, 10 months ago

Patch Alert Issued for Veeam Backup & Replication Software

Expect Ransomware Groups to Abuse Critical-Severity Bug to Steal Data, Experts WarnSecurity experts are urging all Veeam Backup & Replication users to immediately update their software to patch a flaw that attackers can remotely exploit to take full control of a system. Experts say ransomware groups likely will target the critical-severity vulnerability for double extortion.

Ransomware is the de facto threat organizations have faced over the past few years. Threat actors were making easy money by exploiting the high valuation of cryptocurrencies and their victims' lack of adequate preparation.  Think about bad security policies, untested backups, patch management practices not up-to-par, and so forth. It resulted in easy growth for ransomware extortion, a crime that