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Quick Heal Becomes 1st Indian Company to get US Patent for Anti-ransomware Tech

Incorporated in 1995, Quick Heal has a network of over 25,000 channel partners

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Quick Heal.

Pune-based Quick Heal Technologies has become the first Indian company granted a patent for its ground-breaking anti-ransomware technology by the US Patent and Trademark Office (USPTO).

Designed and developed by Quick Heal’s state-of-the-art R&D and innovation centre in Pune, the Artificial Intelligence (AI) and Machine Learning (ML)-powered technology detects and blocks known and unknown ransomware on a real-time basis, the company said in a statement on Friday.

“The cutting-edge anti-ransomware technology is capable of providing advanced protection against the rising threat of ransomware to consumers’ digital devices and enterprise endpoints,” said Sanjay Katkar, Joint Managing Director and Chief Technology Officer, Quick Heal Technologies.

Ransomware attacks accounted for 23 per cent of over 973 million malware attacks on end-user devices across the country in 2018.

Ransomware threats far surpass the preventive capacities of traditional security solutions and human-only teams.

The anti-ransomware technology uses signature-less behavioural detection to proactively block new and unknown ransomware attacks in real-time, said the company.

Quick Heal: Cryptojacking Emerging as Alternative to Ransomware
Quick Heal: Cryptojacking Emerging as Alternative to Ransomware. (IANS)

Its unique and advanced algorithms conduct focused activity-based detection, while also empowering users to recover their critical data in case of a breach.

Seqrite, the enterprise arm of Quick Heal Technologies, has also launched a proprietary, AI-led threat hunting engine called “GoDeep.AI” to proactively hunt down existing and emerging threats.

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“The US patent grant underscores our advanced cybersecurity capabilities and motivates us to develop more innovative solutions that can deliver the most effective and robust digital security to all of our customers,” said Katkar.

Incorporated in 1995, Quick Heal has a network of over 25,000 channel partners. (IANS)

Next Story

Quick Heal: Cryptojacking Emerging as Alternative to Ransomware

As more cybercriminals leverage cryptojacking as a lucrative channel of generating illicit revenues, Quick Heal Security Labs researchers expect these numbers to grow even further

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Quick Heal: Cryptojacking Emerging as Alternative to Ransomware
Quick Heal: Cryptojacking Emerging as Alternative to Ransomware. (IANS)

With more than three million hits globally in the first five months of this year, cryptojacking, a form of cyber-attack in which hackers hijack the infected system’s processing power to mine cryptocurrency, is fast emerging as an alternative to ransomware, according to IT security firm Quick Heal.

The number of mobile cryptojacking malware variants has also grown from eight in 2017 to 25 by May 2018, marking a three-fold increase, Quick Heal said in a statement on Monday.

“Cryptojacking is emerging as a more cost-effective and efficient alternative to ransomware. With a ransomware attack, there is no guarantee that hackers will be paid a ransom,” said Sanjay Katkar, Joint Managing Director and Chief Technology Officer, Quick Heal Technologies.

“Cryptojacking, on the other hand, is empowering hackers to make use of infected endpoints for swifter and more assured financial gains,” Katkar said.

As more cybercriminals leverage cryptojacking as a lucrative channel of generating illicit revenues, Quick Heal Security Labs researchers expect these numbers to grow even further.

Quick heal
Quick Heal.

As opposed to ransomware, cryptojacking attacks remain almost undetected, enabling attackers to use the compromised systems to mine cryptocurrencies for as long as they want.

They are also easier to deploy than ransomware attacks. All a hacker needs to do is to drop a cryptomining code on your system without your knowledge through an infected link or file.

Another commonly used method is to infect websites and pop-up ads with a JavaScript-based cryptomining script, which is triggered when you click on infected ads or visit compromised websites.

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In such instances, attackers do not even need to install a code; just opening the infected link is enough to turn your system into a cryptomining machine and generate instant returns on investment for the hacker, Quick Heal said.

System owners to deploy a robust security solution as a means of combating cryptojacking attacks, it added. (IANS)