It’s big business…:
Don’t be fooled by the drop in overall ransomware attacks this past year: Fewer but more targeted and lucrative campaigns against larger organizations are the new MO for holding data hostage.
While the number of ransomware attacks dropped 91% in the past year, according to data from Trend Micro, at the same time some 75% of organizations stockpiled cryptocurrency. The majority that did also paid their attackers the ransom, according to a Code42 study. Overall, more than 80% of ransomware infections over the past year were at enterprises, as cybercrime gangs began setting their sights on larger organizations capable of paying bigger ransom amounts than the random victim or consumer.
The evolution of the prolific GandCrab ransomware over the past few months demonstrates how this new generation of more selective attacks is more profitable to the cybercriminals using it – and underscores how the ransomware threat is far from over.