Ransomware attacks expected to increase

PhishMe has released its April Cybercrime Alert, warning all organisations that its threat researchers expect ransomware attacks to increase as cybercriminals become increasingly aware that:

  • 8 years ago Posted in
§  Ransomware is readily-available and changes faster than detection technologies can respond
§  In most cases, paying the ransom is the only way to free hostage data and systems
§  Recent successful ransom situations will only encourage more attempts
§  Cryptocurrencies such as Bitcoin can be used to force untraceable ransom payments
§  Humans are widely susceptible to phishing, the most commonly used ransomware attack vector
Ransomware has existed for several years but has been primarily used to victimise unsuspecting consumers. However, as PhishMe has observed, hackers are now turning their focus from just private individuals to more lucrative targets such as businesses and government agencies as they employ unbreakable ransomware strains, including: Cryptowall, TeslaCrypt, Locky, Cerber, Troldesh and CTB-Locker.

 
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