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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Hackers are using DDoS attacks to extort companies for ransom
Criminals are no longer limiting themselves to encrypting sensitive data before demanding a ransom from the victim. They have also started executing what’s known as Ransom Distributed Denial of Service attacks, or RDaaS, and it’s exactly as it sounds. In an attack of this kind, criminals threaten a company with a series of crippling DDoS attacks, unless payment is made …
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Ransom, bribery and the darknet – Why cyber criminals are shifting their modus operandi
27-year-old Egor Igorevich Kriuchkov believed that he had his next victim in sight. Arriving in the US in July 2020 – despite the Coronavirus pandemic – he began communicating with an employee of a business via WhatsApp. Kriuchkov had a simple proposition. In exchange for the employee inserting a USB stick infected with ransomware into his company’s computer systems, Kriuchkov …
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