The rise of ransomware 2.0

2020 has seen a rise in the number of ransomware attacks, from infostealers, PDF attachments, and Excel formulas. What are some of the trends businesses should be aware of?

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Ransomware is not a new trend and is certainly not one unknown to businesses. 2020 has seen attackers take full advantage of the chaos of COVID-19, with an explosive evolution of online extortion. Last year, nearly 40% of new ransomware families that were discovered used both data encryption and data theft in their attacks.

A recent report by F-Secure examines the rise of data-stealing ransomware attacks, where criminals are extorting organisations by threatening to leak stolen data if they don’t pay. A crude method, but one that’s effective.

With the pandemic forcing enterprises to shift to a distributed workforce and a wider network, one would think it is a golden opportunity for attackers to target credentials and unprotected endpoints. But we are also seeing a disturbing focus on health data, with a large number of cyber-attacks on hospitals and medical research units.

So, are there any more ransomware surprises businesses should be aware of?

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