The Growing Ransomware Wave
What’s keeping business leaders up at night these days? Ransomware is an extortion technique that’s rapidly accelerating as weapon of choice among cybercriminals. See what’s coming….
In 2020, waves of ransomware attacks crashed down on hospitals and other healthcare providers, peaking in the fall. School districts were walloped by attacks, and both businesses and local and state governments faced similar attacks at equally alarming rates
Ransomware has been around for decades. It’s a well-known threat, but
one that’s difficult to eradicate—something as simple as clicking a link or
downloading a malicious attachment gives attackers the foothold they need.
Attackers will be even bolder in 2021
After watching these attacks in 2020, experts say that the problem has escalated and that the ransomware forecast for 2021 looks dire. Attackers are growing bolder. They’ve begun to incorporate other types of extortion, such as blackmail, into their arsenals, by exfiltrating an organization’s data and then threatening to release it if the victim doesn’t pay an additional fee.
Ransomware attackers have transitioned from a model in which they hit lots of individuals and accumulate many small payments to one in which they carefully plan attacks against a smaller group of large targets, from which they can demand massive ransoms.
Antivirus firm Emsisoft found that the average requested fee increased from about $5,000 in 2018 to about $200,000 last year.
Here’s how to make sure your employer isn’t held up for ransom
Whether in emails, phone calls, or text messages, never allow yourself to be rushed into divulging sensitive personal or company data.
Pay attention to basic security hygiene, creating strong and unique passwords.
Never click an emailed link unless you’re 100% certain it is valid.
If your position involves the allocation of funds, whether at a corporate or departmental level, be extra vigilant. You are a prime target for ransomware artists.
© National Security Institute, Inc. www.nsi.org
Recent SecuritySense Posts
- April Scam Watch
- Top 4 Emotions Used in Social Engineering
- Security Is Critical to Pandemic Recovery
- Using Instagram Securely
- Cyber-Bullying: Tips to Pass on to Your Kids
- The Offline Threat – 5 Old-School Attacks
- Anatomy of a Phishing Scam
- 10 Tips: Protect Seniors from Online Fraud
- Data Breaches: A Ticking Time Bomb for Consumers
- Rethinking Passwords in the ‘Brute Force’ Age
SecuritySense is a subscription service that provides you with concise, easy to understand and easy to read employee cyber security awareness content.
Subscribers receive articles and stories that support your employee security and cyber security awareness training program at a very cost effective price
Protect Yourself & Your Company From Cybercrime
We Make it Easy to Promote Employee Security Awareness Throughout the Company in a Way That’s Well Received by Everyone
Content Needs a Strategy to Work
People pay attention to content they find personally relevant. Learn more about our content strategy
What’s Missing from Your Cyber-Strategy?
Awareness is a state of mind you’re trying to get you company into. Find out what really gets you there. Learn how to persuade people
Compare Our Per Employee Cost
Talk about cost-effective! Compare our per employee annual cost with what you might pay for training platform seat licenses. It’s a no-brainer to add SecuritySense to your program. See pricing