• Wednesday, December 06, 2023
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Ransomware: NCC-CSIRT task organizations to adopt Stronger Security Measures

NCC refute report of N17bn deficit in 2021 budget

The Nigerian Communications Commission‘s Computer Security Incident Response Team (NCC-CSIRT) has called on organisations to adopt stronger cybersecurity measures to tackle ransomware attacks.

Ransomware is malware designed to deny a user or organization access to files on their computer until they pay the attackers.

These measures according to the commission include ensuring that organisations’ employees use strong, unique passwords for every account and enabling multi-factor authentication wherever it is supported to prevent ransomware attacks, as well as advising organisations to ensure regular systems backup.

The team said, “The first step to preventing ransomware attacks is to ensure that employees are using strong, unique passwords for every account and enabling multi-factor authentication (2FA) wherever it’s supported.”

The NCC-CSIRT’s stated that the warning contained in its advisory of August 12, 2022, came after the Yanluowang threat actors gained access to Cisco’s network using an employee’s stolen credentials after hijacking the employee’s personal Google account containing credentials synced from their browser.

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Cisco reported the security incident on its corporate network but said it did not identify any impact on its business although the threat actors had published a list of files from this security incident on the dark web on August 10.

Also, NCC-CSIRT estimated potential damage from the incident to be critical while predicting that successful exploitation of the ransomware will result in ransomware deployment to compromise computer systems, sensitive products, and customers’ data theft and exposure, as well as huge financial loss to organizations by incurring significant indirect costs and could also mar their reputations.

Similarly, the team disclosed that in response to the attack, Cisco has immediately implemented a company-wide password reset asking users of Cisco products to ensure a successful password reset.

“As a precaution, the company has also created two Clam AntiVirus signatures (Win.Exploit.Kolobko-9950675-0 and Win.Backdoor.Kolobko-9950676-0) to disinfect any potentially compromised assets. Clam AntiVirus Signatures (or ClamAV) is a multi-platform antimalware toolkit that can detect a wide range of malware and viruses.

“User education is critical in thwarting this type of attack or any similar attacks, including ensuring that employees are aware of the legitimate channels through which support personnel will contact users so that employees can identify fraudulent attempts to obtain sensitive information. Organisations should ensure regular systems backup,” the advisory urged.

The CSIRT also works collaboratively with the Nigeria Computer Emergency Response Team (ngCERT), established by the Federal Government to reduce the volume of future computer risk incidents by preparing, protecting, and securing Nigerian cyberspace to forestall attacks, problems, or related events.