Data is a company’s most valuable asset. So, doing everything in your power to protect that asset is a given. But what if the threat you’re guarding your data against is known to cripple operations, tarnish reputations, and drain finances? And even worse, what if that threat is only getting more dangerous, thanks to a little thing called artificial intelligence (AI)?
Unfortunately, for many businesses, there’s nothing “what if” about this scenario. As many as 72% of businesses worldwide have experienced a ransomware attack at some point and know just how devastating the aftermath can be.
That’s why we tapped two cybersecurity experts to share their insights on ransomware, its evolution, and how businesses can protect themselves. Read on to hear what Tom Vazdar, the chair of the Enterprise Cybersecurity Master’s program at the Open Institute of Technology (OPIT), and Venicia Solomons, a seasoned cybersecurity architect, have to say on this topic in their “Cyber Threat Landscape 2024: Navigating New Risks” master class.
Ransomware: The Basics
Ransomware is nothing new. However, there are always new business owners who (luckily) haven’t encountered it yet. So, let’s cover the basics first.
Ransomware is a natural product of phishing, a human-centric cyber threat that relies on social engineering to deceive individuals into providing sensitive information or downloading malicious attachments. The latter is what ultimately triggers a ransomware infection. Tom describes the process like this:
You click on a malicious link.
Your device downloads the malware.
Your system is now infected, and somebody else is essentially in charge.
They encrypt your data and demand you pay ransom for the encryption key to get it back.
As mentioned, dealing with ransomware attacks and cyber criminals has become a daily reality for companies worldwide. What certainly doesn’t help companies is the fact that ransomware is now also offered as a service.
Ransomware as a Service
Just a few short years ago, cybercriminals needed sophisticated technical skills and tools to develop and deploy ransomware. Now, all they need is access to the dark web.
As Tom explains it, numerous cyber criminals on the dark web offer ransomware as a service, a malicious adaptation of the software as a service (SaaS) business model. So, you essentially pay them to deploy their ransomware on your behalf.
The most famous, or should we say infamous, among these threats is the LockBit model, which has wreaked havoc on thousands of companies worldwide. The issue is that LockBit ransomware attacks vary in tactics, techniques, and procedures. In other words, an organization must be prepared for virtually anything.
How Has AI Affected Ransomware?
Ransomware is dangerous on its own. But throw artificial intelligence into the mix, and you’ve got a massive threat on your hands.
AI has undoubtedly revolutionized the cybersecurity industry, for better or for worse. The “worse” part is that AI is making cyber threats smarter. Unfortunately, for organizations, this particularly applies to ransomware. According to a 2024 report by the U.K.’s top intelligence agency, ransomware stands to gain the most from AI.
How so?
Well, AI has the potential to create malware that circumvents current cybersecurity detection measures. After all, AI is trained using data. Give it malware data to analyze, and it will learn how to evade detection by traditional cybersecurity tools.
AI will also likely generate a surge of new cybercriminals as the barrier to entering into cybercrime decreases with AI-powered tools.
Of course, the more capable and experienced attackers will also benefit from AI. They will use it to identify system vulnerabilities, bypass security defenses, and craft more precise social engineering attacks.
How to Prevent Ransomware Attacks
Given how quickly ransomware is evolving, preventing attacks requires a multi-faceted approach that combines technology, education, and proactive measures. Tom and Venicia break down this approach.
1. Keep Your Systems Updated
When it comes to anything cybersecurity-related, this is the first crucial step. Keep all your systems and programs updated and patched if you want to stand any chance of protecting against known vulnerabilities.
Tom says that there’s a new vulnerability “basically each week,” so having a process in place to update regularly and patch systems is essential.
Venicia adds that something as simple as a basic software update can go a long way toward protecting your data from ransomware. This update will limit its ability to spread through your network, thus reducing the impact of the attack.
2. Invest in Quality Training
Having the most advanced protection systems in place will do you no good if you don’t have well-trained employees.
These employees must learn to recognize potential cyberattacks that could introduce malware into your organization’s system (e.g., phishing emails). Of course, the next step is to respond effectively to the attack. Though each organization has its own set of rules in place, the proper response typically involves disconnecting from the network and contacting IT support.
3. Implement Defensive Systems
Humans are undoubtedly the first line of defense against cyber threats. However, they can’t do it alone. That’s why implementing advanced Endpoint Detection and Response (EDR) solutions is crucial. Tom explains that these systems will help you identify and, more importantly, mitigate a threat on time.
However, he also adds that you must restrict user permissions within the system. This way, even if a single component is compromised, the ransomware won’t take down the entire network.
4. Implement Network Segmentation
As you can see, a huge part of mitigating ransomware attacks is ensuring they don’t affect the entire network. That’s where network segmentation can also help.
As Tom explains, with network segmentation, the malicious actor in control of your network won’t be able to do “lateral movements.” In other words, even if they do manage to penetrate your network, they won’t be able to spread within it.
So, network segmentation is a critical part of the multi-layer approach every organization should adopt when it comes to cybersecurity.
5. Collaborate With Others
Remember – you aren’t the only one experiencing cyberattacks. In Venicia’s words, “ransomware has a global impact.”
That’s why organizations in the private sector are constantly encouraged to “talk to each other,” as Tom puts it. Of course, there’s always the issue of confidentiality, but Tom explains that this, too, can be resolved with a “closed circle of trust.”
Also, organizations in the private and public sectors are encouraged to share relevant information with institutions such as the Financial Services Information Sharing and Analysis Center (FS-ISAC).
In Europe, there’s also something called The No More Ransom Project. This Europol initiative has existed for years, hosting decryption keys for different types of ransomware. It has helped numerous individuals and organizations decrypt their systems and avoid paying the ransom.
Of course, this won’t always be possible, as the attackers typically keep changing the encryption keys. However, anything that helps organizations avoid paying the ransom is worth trying.
Why?
Because paying the ransom often won’t solve any problems.
As Tom explains it, you’re dealing with criminals, after all. So, they will often double the ransom after you pay the initial amount, having realized that you have the money. Or, they’ll simply take the money and run without giving you the decryption keys.
So, ongoing threat intelligence sharing should be among the top priorities for an organization, as it allows them to evade the last-resort scenario of paying the ransom.
6. Invest in Backups and Disaster Recovery
According to Venicia, backups and disaster recovery have a massive role to play in combating ransomware. She says that the primary reason organizations choose to pay the ransom is because they don’t have any backups in place. In other words, they don’t have an alternative way to get their data back.
That’s precisely what Tom has experienced working with many small and medium-sized businesses.
He says that these businesses usually don’t have disaster recovery procedures and data backups because they find them to be too expensive. Other times, they’ll say they didn’t have the time to deal with these measures. But whatever the excuse may be, one thing’s for sure – having no backups leaves you vulnerable to losing your data permanently in a ransomware attack.
According to Tom and Venicia, here’s what an ideal proactive approach to cybersecurity would look like.
Step No. 1 – Have regularly scheduled backups and ensure they’re stored in different environments, including offline ones. Tom suggests the 3-2-1 data backup strategy – have three copies of your data on two different mediums (e.g., hard drives and DVDs) with one copy off-site (a different physical location).
Step No. 2 – Regularly test your backups to see whether they’re able to handle different scenarios.
Step No. 3 – Implement a disaster recovery plan that outlines the steps for different types of incidents. Of course, these incidents shouldn’t only cover ransomware. Earthquakes, floods, and even meteor strikes should be considered in your plan. The last part might seem silly to you. In fact, it also sounded silly to Tom and his colleagues. That is, at least, until a meteor struck Russia in 2013. So, you never know!
The Importance of Cybersecurity Specialists
Most of the strategies for combating ransomware require one thing – a skilled cybersecurity specialist to execute them. This is also what most companies lack, which is why they easily fall victim to cyberattacks.
That’s why programs like the Enterprise Cybersecurity Master’s program at OPIT are essential for the future of cybersecurity. This program helps train the next generation of cybersecurity professionals to defend organizations against the so-called “Ransomware Armageddon” and any other cyber threat that might emerge.
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Computer Science is fast becoming one of the most valuable fields of study, with high levels of demand and high-salaried career opportunities for successful graduates. If you’re looking for a flexible and rewarding way to hone your computing skills as part of a supportive global community, the BSc in Computer Science at the Open Institute of Technology (OPIT) could be the perfect next step.
Introducing the OPIT BSc in Computer Science
The OPIT BSc in Computer Science is a bachelor’s degree program that provides students with a comprehensive level of both theoretical and practical knowledge of all core areas of computer science. That includes the likes of programming, databases, cloud computing, software development, and artificial intelligence.
Like other programs at OPIT, the Computer Science BSc is delivered exclusively online, with a mixture of recorded and live content for students to engage with. Participants will enjoy the instruction of world-leading lecturers and professors from various fields, including software engineers at major tech brands and esteemed researchers, and will have many paths open to them upon graduation.
Graduates may, for example, seek to push on with their educational journeys, progressing on to a specialized master’s degree at OPIT, like the MSc in Digital Business and Innovation or the MSc in Responsible Artificial Intelligence. Or they could enter the working world in roles like software engineer, data scientist, web developer, app developer, or cybersecurity consultant.
The bullets below outline the key characteristics of this particular course:
- Duration: Three years in total, spread across six terms.
- Content: Core courses for the first four terms, a student-selected specialization for the fifth term, and a capstone project in the final term.
- Focus: Developing detailed theoretical knowledge and practical skills across all core areas of modern computer science.
- Format: Entirely online, with a mixture of live lessons and asynchronous content you can access 24/7 to learn at your own pace.
- Assessment: Progressive assessments over the course of the program, along with a capstone project and dissertation, but no final exams.
What You’ll Learn
Students enrolled in the BSc in Computer Science course at OPIT will enjoy comprehensive instruction in the increasingly diverse sectors that fall under the umbrella of computer science today. That includes a close look at emerging technologies, like AI and machine learning, as well as introductions to the fundamental skills involved in designing and developing pieces of software.
The first four terms are the same for all students. These will include introductions to software engineering, computer security, and cloud computing infrastructure, as well as courses focusing on the core skills that computer scientists invariably need in their careers, like project management, quality assurance, and technical English.
For the fifth term, students will have a choice. They can select five electives from a pool of 27, or select one field to specialize in from a group of five. You may choose to specialize in all things cybersecurity, for example, and learn about emerging cyber threats. Or you could focus more on specific elements of computer science that appeal to your interests and passions, such as game development.
Who It’s For
The BSc in Computer Science program can suit a whole range of prospective applicants and should appeal to anyone with an interest or passion for computing and a desire to pursue a professional career in this field. Whether you’re seeking to enter the world of software development, user experience design, data science, or another related sector, this is the course to consider.
In addition, thanks to OPIT’s engaging, flexible, and exclusively online teaching and learning systems, this course can appeal to people from all over the globe, of different ages, and from different walks of life. It’s equally suitable for recent high school graduates with dreams of making their own apps to seasoned professionals looking to broaden their knowledge or transition to a different career.
The Value of the BSc in Computer Science Course at OPIT
Plenty of universities and higher education establishments around the world offer degrees in computer science, but OPIT’s program stands out for several distinctive reasons.
Firstly, as previously touched upon, all OPIT courses are delivered online. Students have a schedule of live lessons to attend, but can also access recorded content and digital learning resources as and when they choose. This offers an unparalleled level of freedom and flexibility compared to more conventional educational institutions, putting students in the driving seat and letting them learn at their own pace.
OPIT also aims not merely to impart knowledge through lectures and teaching, but to actually help students gain the practical skills they need to take the next logical steps in their education or career. In other words, studying at OPIT isn’t simply about memorizing facts and paragraphs of text; it’s about learning how to apply the knowledge you gain in real-world settings.
OPIT students also enjoy the unique benefits of a global community of like-minded students and world-leading professors. Here, distance is no barrier, and while students and teachers may come from completely different corners of the globe, all are made to feel welcome and heard. Students can reach out to their lecturers when they feel the need for guidance, answers, and advice.
Other benefits of studying with OPIT include:
- Networking opportunities and events, like career fairs, where you can meet and speak with representatives from some of the world’s biggest tech brands
- Consistent support systems from start to finish of your educational journey in the form of mentorships and more
- Helpful tools to expedite your education, like the OPIT AI Copilot, which provides personalized study support
Entry Requirements and Fees
To enroll in the OPIT BSc in Computer Science and take your next steps towards a thrilling and fulfilling career in this field, you’ll need to meet some simple criteria. Unlike other educational institutions, which can impose strict and seemingly unattainable requirements on their applicants, OPIT aims to make tech education more accessible. As a result, aspiring students will require:
- A higher secondary school leaving certificate at EQF Level 4, or equivalent
- B2-level English proficiency, or higher
Naturally, applicants should also have a passion for computer science and a willingness to study, learn, and make the most of the resources, community, and support systems provided by the institute.
In addition, if you happen to have relevant work experience or educational achievements, you may be able to use these to skip certain modules or even entire terms and obtain your degree sooner. OPIT offers a comprehensive credit transfer program, which you can learn more about during the application process.
Regarding fees, OPIT also stands out from the crowd compared to conventional educational institutions, offering affordable rates to make higher tech education more accessible. There are early bird discounts, scholarship opportunities, and even the option to pay either on a term-by-term basis or a one-off up-front fee.
The Open Institute of Technology (OPIT) provides a curated collection of courses for students at every stage of their learning journey, including those who are just starting. For aspiring tech leaders and those who don’t quite feel ready to dive directly into a bachelor’s degree, there’s the OPIT Foundation Program. It’s the perfect starting point to gain core skills, boost confidence, and build a solid base for success.
Introducing the OPIT Foundation Year Program
As the name implies, OPIT’s Foundation Program is about foundation-level knowledge and skills. It’s the only pre-bachelor program in the OPIT lineup, and successful students on this 60-ECTS credit course will obtain a Pre-Tertiary Certificate in Information Technology upon its completion. From there, they can move on to higher levels of learning, like a Bachelor’s in Digital Business or Modern Computer Science.
In other words, the Foundation Program provides a gentle welcome into the world of higher technological education, while also serving as a springboard to help students achieve their long-term goals. By mixing both guided learning and independent study, it also prepares students for the EQF Level 4 experiences and challenges they’ll face once they enroll in a bachelor’s program in IT or a related field.
Here’s a quick breakdown of what the OPIT Foundation Program course involves:
- Duration: Six months, split into two terms, with each term lasting 13 weeks
- Content: Three courses per term, with each one worth 10 ECTS credits, for a total of 60
- Focus: Core skills, like mathematics, English, and introductory-level computing
- Format: Video lectures, independent learning, live sessions, and digital resources (e-books, etc.)
- Assessment: Two to three assessments over the course of the program
What You’ll Learn
The OPIT Foundation Program doesn’t intensely focus on any one particular topic, nor does it thrust onto you the more advanced, complicated aspects of technological education you would find in a bachelor’s or master’s program. Instead, it largely keeps things simple, focusing on the basic building blocks of knowledge and core skills so that students feel comfortable taking the next steps in their studies.
It includes the following courses, spread out across two terms:
- Academic Skills
- Mathematics Literacy I
- Mathematics Literacy II
- Internet and Digital Technology
- Academic Reading, Writing, and Communication
- Introduction to Computer Hardware and Software
Encompassing foundational-level lessons in digital business, computer science, and computer literacy, the Foundation Program produces graduates with a commanding knowledge of common operating systems. Exploring reading and writing, it also helps students master the art of communicating their ideas and responses in clear, academic English.
Who It’s For
The Foundation Year program is for people who are eager to enter the world of technology and eventually pursue a bachelor’s or higher level of education in this field, but feel they need more preparation. It’s for the people who want to work on their core skills and knowledge before progressing to more advanced topics, so that they don’t feel lost or left behind later on.
It can appeal to anyone with a high school-level education and ambitions of pushing themselves further, and to anyone who wants to work in fields like computer science, digital business, and artificial intelligence (AI). You don’t need extensive experience or qualifications to get started (more on that below); just a passion for tech and the motivation to learn.
The Value of the Foundation Program
With technology playing an increasingly integral role in the world today, millions of students want to develop their tech knowledge and skills. The problem is that technology-oriented degree courses can sometimes feel a little too complex or even inaccessible, especially for those who may not have had the most conventional educational journeys in the past.
While so many colleges and universities around the world simply expect students to show up with the relevant skills and knowledge to dive right into degree programs, OPIT understands that some students need a helping hand. That’s where the Foundation Program comes in – it’s the kind of course you won’t find at a typical university, aimed at bridging the gap between high school and higher education.
By progressing through the Foundation Program, students gain not just knowledge, but confidence. The entire course is aimed at eliminating uncertainty and unease. It imbues students with the skills and understanding they need to push onward, to believe in themselves, and to get more value from wherever their education takes them next.
On its own, this course won’t necessarily provide the qualifications you need to move straight into the job market, but it’s a vital stepping stone towards a degree. It also provides numerous other advantages that are unique to the OPIT community:
- Online Learning: Enjoy the benefits of being able to learn at your own pace, from the comfort of home, without the costs and inconveniences associated with relocation, commuting, and so on.
- Strong Support System: OPIT professors regularly check in with students and are on hand around the clock to answer queries and provide guidance.
- Academic Leaders: The OPIT faculty is made up of some of the world’s sharpest minds, including tech company heads, experienced researchers, and even former education ministers.
Entry Requirements and Fees
Unlike OPIT’s other, more advanced courses, the Foundation Program is aimed at beginners, so it does not have particularly strict or complex entry requirements. It’s designed to be as accessible as possible, so that almost anyone can acquire the skills they need to pursue education and a career in technology. The main thing you’ll need is a desire to learn and improve your skills, but applicants should also possess:
- English proficiency at level B2 or higher
- A Secondary School Leaving Certificate, or equivalent
Regarding the fees, OPIT strives to lower the financial barrier of education that can be such a deterrent in conventional education around the world. The institute’s tuition fees are fairly and competitively priced, all-inclusive (without any hidden charges to worry about), and accessible for those working with different budgets.
Given that all resources and instruction are provided online, you can also save a lot of money on relocation and living costs when you study with OPIT. In addition, applicants have the option to pay either up front, with a 10% discount on the total, or on a per-term basis, allowing you to stretch the cost out over a longer period to ease the financial burden.
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