The state of ransomware: national emergencies and million-dollar blackmail

ZDNet -

Banks have been “disproportionately affected” by a surge in ransomware attacks, clocking a 1,318% increase year-on-year in 2021.

Ransomware has become one of the most well-known and prevalent threats against the enterprise today. This year alone, we have seen high-profile cases of ransomware infection — including against Colonial Pipeline, Kaseya, and Ireland’s health service — cause everything from business disruption to fuel shortages, declarations of national emergency, and restricted medical care. 

These attacks are performed for what can end up being multi-million dollar payouts and now these campaigns are becoming easier to perform with initial access offerings becoming readily available to purchase online, cutting out the time-consuming legwork necessary to launch ransomware on a corporate network. 

There are a number of trends in the ransomware space of note, including:

Payouts: After DarkSide forced Colonial Pipeline to take fuel pipes out of operation, prompting panic-buying across the US, the firm

The article The state of ransomware: national emergencies and million-dollar blackmail originally appeared on ZDNet.

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