Next-generation firewall: The Cyber Arm Needed to Prevent Ransomware

Published By: IndustryARC Published On : 03-Jul-2017

Security threats have wreaked havoc, disrupting businesses around the world. And to reduce these attacks, an easy-to-manage network firewall that fights your battles for you is turning out to be the need of an hour. The rising cyber-attacks demand an effective next-generation firewall that can provide higher level of security and prevent unauthorized access.

Simultaneously, the demand for network security appliances is increasing as hardware firewalls provide maximum security by filtering the data at packet-level. According to IndustryARC findings, North America dominated Network Security Appliances market propelled by the increasing demand of security appliances due to higher cyber-attacks. North America was followed by Europe and Asia-Pacific as second and third largest market respectively. In Asia Pacific, China and India are projected to have the fastest growth.

To provide existing customers information on new services and educate new clients, Amazon Web Services (AWS) has launched the AWS Summit in North America, Latin America, Asia Pacific, Europe / Middle East / Africa, Japan and Greater China. In Mumbai, India, the one-day event will conduct 25 sessions covering a wide range of topics.

During the event, California-based enterprise security company Palo Alto Networks will demonstrate its VM-Series virtualized next-generation firewall that will allow users to identify and control cloud-based applications to protect them from known and unknown threats.

According to the company, the solution can be deployed in both private and public cloud computing environments as a perimeter gateway, an IPsec VPN termination point and a segmentation gateway to protect from cyber-attacks.

Explaining, how next-generation firewalls can better prevent from malware attacks, SonicWALL Security Solutions Architect Rob Krug said: “Make sure your security solution is really inspecting everything.  If its not, it will not be a matter of ‘if’ or ‘when’ you are breached, it is a matter of how long before you find out you already have been breached...”

The necessity for protecting a Web-enabled IT have evolved with the attackers focussing on larger organizations. Unlike major firms, a lot of small and medium-sized enterprises (SMEs) are now considering to invest in next-generation firewall to prevent cyber-attacks. Some of the major cyber-attacks that shook the world are World of Hell, Operation Shady RAT, Red October, WannaCry and the latest Petya cyberattack.

Operation Shady RAT first commenced in 2006 or perhaps, earlier targeting various organizations, including South Korean steel and construction companies, U.S. Department of Energy Research Laboratory, international-trade organizations of Western and Asian nations and the Association of Southeast Asian Nations (ASEAN) Secretariat and others, according to McAfee’s Operation Shady rat white paper.

World of Hell first emerged in March 2001 that claims to be responsible for several high profile attacks in the same year. 

Another major cyber-attack Red October was first discovered by Russian cyber security research firm Kaspersky Labs in 2012 that have been stealing confidential documents since 2007. According to Boston University, Red October was the second most complicated malware in history as of 2013. The attack infiltrated networks globally, including 39 plus countries and hundreds of high profile victims.

The most recent and unprecedented outbreak of Trojan ransomware WannaCry created a global plague, affecting thousands of computers in over 150 nations. In a company’s blogpost Kaspersky Labs said: “We counted more than 45,000 cases of the attack in just one day, but the true number is much higher. The largest number of attacks occurred in Russia, but Ukraine, India, and Taiwan have suffered much damage from WannaCry as well. In just the first day of the attack, we found WannaCry in 74 countries.”

Similarly, on 27 June 2017, a new ransomware cyber-attack Petya started spreading and Ukraine emerged as the epicenter of the damage.

Next-generation firewall - Symantec
 Statistics by American software company Symantec

According to US-based computer consulting firm Binary Defense Systems, the Petya attack is believed to have commenced through a Ukrainian accounting program company MEDoc. Before spreading to other countries, including Romania, the Netherlands, Norway, France, Spain, Britain, the attack first shut down businesses in Ukraine and Russia. 

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