Group-IB, a global threat hunting and adversary-centric cyber intelligence company, has signed a partnership agreement with Virtual Vendors, an Australia based cyber security advisory company. The two companies aim to join forces to connect local business and government organizations to Group-IB’s products and services trusted by the world’s biggest financial, energy, telecommunications, eCommerce companies, and enterprises amid growing frequency and sophistication of cyberattacks on IT and OT networks.
According to the Australian Cyber Security Centre (ACSC), an average of 164 cybercrime reports are made by Australians every day. Banking trojans and ransomware groups are increasingly active in the region. The top five sectors to report ransomware incidents to the ACSC are healthcare, government, education, transport and retail. As stated in the Hi-Tech Crime Trends Report 2020-21, Australia is one of the most favorite targets of infamous ransomware gangs, such as REvil and Ryuk. Cybercriminals are also actively interested in payment cards issued by the local banks: Australia is in the top-10 countries in the world by the number of card dumps traded on the underground marketplaces, as per the report.
The increased attack surface, caused by the growing remote workforce, is further driving change in the threat landscape for Australian and New Zealand private and public companies, whose cybersecurity teams are constantly challenged in the protection of the customer and corporate assets. Thanks to the partnership between Virtual Vendors and Group-IB, local financial sector, eCommerce, telecommunications, industrial companies and government institutions can now leverage Group-IB full suite of battle-tested Cyber Threat Intelligence & Attribution, Threat Hunting, Fraud Hunting, and Digital Risk Protection technologies. Group-IB smart cybersecurity ecosystem uniting Group-IB’s patented innovative technologies helps cybersecurity teams consolidate, prioritize, and make informed decisions on relevant threats posed to their organization.
Virtual Vendors has extensive commercial experience, active cyber expertise, and technical knowledge. The partners aim to deliver valuable real time defense, based upon Group-IB’s 18 years of proactive threat research and analysis. The ability to inform cyber teams of links between scatter incident data, cybercrime groups, phishing attacks, botnet and fraudulent activity is invaluable to Australia and New Zealand government and private enterprises as they continue to digitize their business.
Managing Partner at Virtual Vendors
Head of Group-IB Global Business