Much in the same way a burglar might case your house, ransomware gangs and cybercriminals monitor your systems, learning about your organization's activities and network.
Then they take advantage of holidays as an easy opportunity to launch a cyberattack.
The timing is intentional because many IT and cybersecurity team members are out of the office, meaning it can take longer to investigate any alerts and response times are longer.
What better time to hit your organization with a ransomware attack than when most of your cybersecurity crew just took off on a long weekend?
Attackers are using this technique so often that the the U.S. Cybersecurity and Infrastructure Security Agency (CISA) is now warning organizations and cybersecurity professionals to be on alert over the holiday weekend.
As examples of holiday-timed cyberattacks, CISA cited three specific cases that took place on holidays this year:
This year alone, ransomware attacks have extorted more than $42 million, according to Ransomwhere, a crowdsourced ransom payment tracker.
Not only is a ransomware payment costly, but so is the cost of potential downtime, incident response, and stress on your team.
Cyber attorney Shawn Tuma of Spencer Fane, who recently spoke on the ransomware attack lifecycle at a SecureWorld conference, explains it like this:
"Ransomware is literally the kind of thing where you can go to bed the night before, lay your head down on your pillow, have your organization doing great, then you wake up in the morning to have everything shut down and your whole world changed. That's a huge impact.
And it's not just a technical aspect of going through that incident response. But there's also an emotional side and how you hold it together and keep your team together."
CISA has made an aggressive push to bring awareness to ransomware attacks with its new Stop Ransomware campaign.
Is your organization armed with a solid holiday ransomware defense plan? For more about holiday-timed attacks, read The Holiday Hacker Case Study.
[RESOURCE: Tune into SecureWorld's webcast, Your Ransomware Hostage Guide, available live and on-demand. Register to attend and earn CPE credit.]