How Successful are Ransomware Cyberattacks Really?
It is estimated that the final cost to global businesses from ransomware in 2020 is likely to be $20 billion. This trend is set to continue for 2021 — making ransomware cyberattacks very successful and it is predicted it will be the number one threat in the coming years.
Ransomware criminals know no boundaries in their rush to make money and use every social engineering trick on the business playing field. Cyber attackers will use sextortion to phishing, in order to generate a ransom demand. A plethora of tactics, such as the threat of leaking stolen data, credential stuffing attacks and installing malware for ransom are one of many schemes used to force victims to pay ransom demands.
A 2020 report into ransomware tactics found that ransomware toolsets were being used to exfiltrate data from a victims’s network. This has included tactics such as CLOP ransomware.
Covid-19 played a large part in ransomware activity being on the rise. Organizations were forced to rely on remote desktop access using Remote Desktop Protocol (RDP), as more people worked from home.
2020 was a successful year for cybercriminals and 2021 is expected to continue to rise. It seems more is required than the traditional endpoint anti-malware. Organizations need to be considering the use of a smart monitoring system designed for complex threats like ransomware.
This guide on Key Cyber threats on the Working from Home Movement is to help businesses against cyber threats. We hope you find it useful.
