A New Europol Report Says That High Profile Targets Were the Focus of Ransomware Groups

On the 11th of November, Europol published the Internet Organised Crime Threat Assessment (IOCTA) 2021, a report that underlines the fact that, in the past year, ransomware threat actor groups had in focus high-profile targets, meaning that big enterprises and government institutions represented those targets which they most directed their attention to.

The Europol report also shows that the homeworking pattern implemented by many companies has facilitated the road to more cyberattacks, as hackers took advantage of this work-from-home policy. It was also noticed a growth in extortion techniques for financial institutions, businesses, and service providers, for example, an increase in distributed-denial-of-service (DDoS) attacks.

The AVP Northern Europe at Imperva, by his name Chris Waynforth, also shared some comments related to the findings the report revealed:

This is further evidence of how much of a threat ransom attacks pose to businesses, including those that go beyond ransomware. Our research has seen a surge in ransom-focused DDoS attacks, partly because they can be even easier to carry out than ransomware attacks. It’s no coincidence that the number of DDoS attacks has quadrupled in the last year. Using rapid-fire attacks, averaging just 6 minutes, cyber-criminals demonstrate their capabilities to businesses before sending

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