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The number of ransomware attacks increased by 40 percent last year, according to Group-IB attackers think bigger and grow more advanced. The greediest ransomware families with highest pay-off were Ryuk , DoppelPaymer and REvil. . In 2019, most ransomware operators actively used post-exploitation frameworks.
These cybercriminals are happy to put aside previous Ransomware-as-a-Service hierarchies to focus on the ill-gotten gains to be made from controlling victim’s networks, rather than the previous approach which prioritized control of the ransomware itself. It’s Groove whom the babuk ransomware needs to thank for its fame.
One such variety, ransomware, is a “trend” that has provoked cybersecurity teams for years. And there are no signs of ransomware attacks decreasing. However, we’re currently seeing an uptick in strains of ransomware exploitation. Even bad actors abide by ROI Ransomware began purely from an encryption perspective.
Ransomware was particularly successful, with estimates that attacks cost businesses $20 billion worldwide in 2020. Unfortunately, ransomware has become both lucrative and easy to deploy, with sophisticated kits readily available on the dark web that require only a small investment and minimal coding skills.
With high profile ransomware infections making headlines, many who have thought their data was secure had to rethink this conclusion. Often, attackers want to disrupt business continuity by causing downtime as the result of data loss or data that is unusable due to being encrypted in the case of a Ransomware infection.
Unfortunately, the increasing reliance on digital systems and capabilities has also attracted an ever-growing number of malicious actors seeking to defraud businesses through phishing , social engineering , or ransomware attacks. Inadequate data encryption and security measures such as passwords and multi-factor authentication.
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