
Lukas Tamašiūnas
Cybersecurity
Ransomware attack vectors are ways malicious actors may use to gain control of company data and demand a ransom for restoring access. Ransomware attack vectors often include threats such as software vulnerabilities or social engineering attacks, but the list of this type of attack vector is much longer. In this article, we cover the main ransomware attack vectors along with tips on how to fortify online systems to limit exposure to cyber threats.
According to Statista, around 65% of financial organizations worldwide have encountered ransomware attacks in 2024. This marks a continuous growth in ransomware threats for at least the fourth consecutive year. In addition, research conducted by Sophos suggests that ransom demands in ransomware attacks have increased five times in the last 12 months. The data from the same research also indicates a 50% increase in average recovery costs.
While numbers show an increased audacity of malicious actors and a surge in ransomware attacks, the 2024 Thales Data Threat Report has uncovered even more concerning insights. Out of nearly 3,000 global businesses with revenues of $100 million to more than $2 billion that participated in this survey, less than 50% have a formal ransomware plan. In addition, one out of five participants would be willing to pay (or had already paid) the ransom in the case of ransomware attack.
These statistics show a continuous upward trend for ransomware attacks. And the increase in ransom amounts suggests even more financial damage in the future (around $265 billion annually by 2031, based on Cybersecurity Ventures predictions). To reduce the risk of becoming a part of these statistics, it’s crucial to understand corporate cybersecurity ABCs, including common ransomware attack vectors.
The main ransomware attack vectors include well-known cyber threats, such as fraudulent emails, malicious pop-ups, and other types of data breaches. While some (for example, fraudulent email attachments and social engineering attacks) may overlap, each vector requires a specific understanding to mitigate the risks effectively. Here’s a detailed list of the main ransomware attack vectors.
Network-based attack vectors are vulnerabilities in a system’s online network or its infrastructure. These can include Remote Desktop Protocol (RDP) exploits, unpatched software, and weak network configurations.
Social engineering attacks are techniques that usually involve tricking targets into installing malware on their system or transferring money to the attacker. To achieve those aims, cybercriminals engineer scenarios that are meant to induce excitement or fear in the target, prompting them to feel a sense of urgency and make hasty decisions. Social engineering attacks often include phishing, spear phishing, and whaling.
Web- and browser-based attack vectors are threats online users may encounter when surfing the internet. These can include malvertising, malicious pop-ups, drive-by downloads, and browser exploits.
Ransomware attackers may target systems directly to find weak spots and launch their attacks. Underprotected and poorly monitored software can open up cybersecurity gaps wide enough for hackers to slip in. Threats like zero-day exploits, operating system (OS) vulnerabilities, and supply chain (or third-party) vulnerabilities are the most common software-related attack vectors.
While organizations worldwide should be wary of outside cyberattacks, dangers from the inside are also a huge issue. According to the 2024 Insider Threat Report, 83% of the survey’s respondents (IT professionals) reported experiencing an insider threat attack in their workplace. The National Counterintelligence and Security Center (NCSC) report has also recently highlighted this attack vector as a rising security challenge to critical infrastructures. Insider threats can include risks such as compromised credentials, negligence, or malicious insider attacks.
Along with the mentioned ransomware vectors, companies may face ransomware threats via backup and recovery vulnerabilities, mobile and Internet of Things (IoT) devices, and fake software downloads.
Preventing ransomware attacks requires continuous effort, vigilance, and substantial investments. While the chance of completely preventing ransomware attacks is never zero, appropriate steps can help mitigate this risk to a minimum. Here’s how to safeguard against ransomware attacks.
Software and system updates often include the latest security patches, which are crucial to keeping a company’s attack surface to a minimum. Postponing such updates only increases the risk of a breach that may result in a successful ransomware attack.
While short isn’t always weak, in terms of passwords, the two words are synonymous. Safeguarding online systems with long, difficult passwords instantly raises the chances of repelling a brute-force attack. Meanwhile, deploying multi-factor authentication as an additional cybersecurity measure can further reduce the likelihood of unauthorized users, potentially preventing a ransomware attack.
Human error, social engineering attacks, and other employee-related cyber risks make up the majority of potential attack vectors. Therefore, employee cybersecurity training is essential. Performing regular phishing and physical security penetration tests can help businesses maintain vigilance and reduce the chance of successful cybersecurity (and overall security) breach.
Robust antivirus system on all endpoints may curb malware before it executes its payload in your online networks. However, be sure to use a trusted service and remember to constantly update your antivirus software.
When it comes to dealing with sensitive data, limited personnel access may be a sound strategy. With access to a system that has no user restrictions, malicious actors can quickly move through its networks, planting ransomware wherever it seems fit. Giving users only the minimum level of access necessary for their roles may reduce the potential impact of an attack.
Malware (which can carry ransomware) often moves laterally through networks. Segmentation can limit the spread of malicious software between systems, preventing additional damage and total loss of data access.
The Remote Desktop Protocol is a common entry point for threat actors. Disable RDP if not needed or secure it with strong passwords, a VPN, and MFA.
Email filtering tools and anti-phishing solutions can limit the number of phishing attempts in your company’s inbox. In addition, enabling anti-phishing and phishing reporting tools may help maintain employee vigilance and reduce the risk of ransomware attacks.
Cyberattacks aren’t going to stop any time soon. That means businesses need to be prepared to deal with them once cybercriminals strike. Setting up thorough incident response and ransomware recovery plans helps minimize the damage when dealing with the aftermath of a cyberattack. In addition, having an incident response plan and performing internal and external vulnerability scanning may give cybersecurity teams and other stakeholders a sense of control and peace of mind.
Minimizing the impact of a ransomware attack comes down to a detailed incident response and recovery plan. Creating such a plan takes an experienced team of cybersecurity professionals that can objectively evaluate the company’s attack surface, online system vulnerabilities, and the most probable attack vectors. To simplify the process, consider using NordStellar — a threat exposure management platform that allows users to detect and respond to cyber threats before they escalate.
The platform enables cybersecurity teams to detect compromised employee and consumer data and identify malware-infected company devices. In addition, NordStellar’s session hijacking prevention ensures the security of company accounts by detecting and invalidating stolen session cookies, while attack surface management continuously identifies security gaps, minimizing entry points for ransomware.
Ransomware attack vectors are an ever growing cyber risk, capable of paralyzing even the largest businesses. Contact the NordStellar team to get complete visibility over your cyber threats.