Ransom demands are getting larger and larger

In the past twelve months, ransom demands made by cybercriminal groups have tripled, according to a new report from ransomware protection firm ProLion. The company recently analyzed data from 50,000 of its policyholders in North America and found the average ransom demand today sits at $1.2 million, compared to roughly $450,000 a year ago. Commenting on the findings, Steve Arlin, …

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Cloud demands ‘paradigm shift’ in approach to cybersecurity

As organizations deploy new technology solutions and look to scale them, cybersecurity becomes a growing problem. In order to tackle this issue, businesses will often look towards the cloud for a solution. However, deploying cloud security requires a “paradigm shift” in how businesses approach cybersecurity, according to a new report from IBM. The report asserts that scaling legacy security models …

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More ransomware victims are refusing to meet demands

The number of ransomware victims happy to pay the ransom in order to get their data back is in decline, resulting in the average ransom payment falling both quarter-over-quarter and year-on-year. This is according to a new report from Coveware, which states that many criminals do not keep their word by deleting stolen data once the ransom has been paid. …

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