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Round-The-Clock MSS Stops Ransomware Lock-Outs

By Peter Manos | February 24, 2020

 

Why having around-the-clock Managed Security Services (MSS) is more important than ever before

Ransomware attacks have increased dramatically in recent years, including attacks against utilities. Looking back, it is clear that the high profile ransomware attacks against utilities in 2017 with the WannaCry cyberattack were just the tip of the iceberg.  (See the May 2017 T&D World article, “Utility Companies Among Those Impacted by Ransomware Attack,” by Peter Arvan Manos.)

 

2019’s shocking 41% increase in official ransomware reports

According to a recent article in The New York Times, while it is hard to estimate the actual number of attacks or ransomware payments that have been made, since “many victims quietly pay off their attackers without notifying the authorities,” in 2019 a shocking 41% spike was seen in organizations filing official reports that they were the victim of a ransomware attack.

 

In fact, the February 9, 2020 New York Times article states that “in 2019, 205,280 organizations submitted files that had been hacked in a ransomware attack,” adding that this figure is part of “an array of new data that provides perhaps the best available picture of the problem.”

 

The growing number of utilities selecting SEDC’s Managed Security Services (MSS) is set to address an ever-changing cybersecurity landscape, one that must defend against ever-savvier hackers.

 

As Greg Gray, VP of Technical Services at SEDC, says, “Utilities are running leaner and smarter while dealing with a more dynamic cybersecurity landscape. SEDC will continue providing innovative and best-in-class MSS offerings, just as we’ve been innovating and leading with our enterprise software to utilities for more than 40 years.”

 

Scott Lee, the Director of Information Systems at Central Alabama Electric Cooperative, says, “We selected a team of leaders, a team that combines SEDC’s utility enterprise software know-how and MSS expertise.”

 

SEDC’s MSS teams continue to prevent potential cyber intrusions, with SEDC’s dedicated Security Operations Center (SOC) team quickly helping subscribing utilities stay safe and locate the source of vulnerabilities, and remediate them.

 

Do you have an around-the-clock security team?  If not, consider SEDC’s MSS for 24/7/365 monitoring of your network and infrastructure from our dedicated Security Operations Center (SOC).

 

For more information, see this recent Central Alabama case study, or email us at CRI@sedata.com.