Ransomware: It's a 'golden era' for cyber criminals – and it could get worse before it gets better

Ransomware is the most significant cybersecurity threat facing organisations today as increasingly professional and sophisticated cyber criminals follow the money in order to maximise the profit from illicit campaigns. 

ENISNA, the European Union Agency for Cybersecurity, has released the latest edition of the ENISA Threat Landscape (ETL) report, which analyses cyber criminal activity between April 2020 and July 2021. It warns of a surge in cyber criminality, much of it driven by the monetisation of ransomware attacks

Although the paper warns that many different cybersecurity threats are on the rise, ransomware represents the ‘prime threat’ faced by organisations today, with a 150 percent rise in ransomware attacks during the reporting period. And there are fears that despite the problem of ransomware attracting the attention of world leaders, the problem will get worse before it gets better. 

“We are observing the golden era of ransomware — it has become a national security priority — and some argue that it has not yet reached the peak of its impact,” the paper warns.

Cyber criminals trigger a ransomware attack by secretly compromising networks — often via phishing attacks, compromising cloud services or exploiting vulnerabilities — before installing file-encrypting malware across as many systems as possible. Victims

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