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Double Extortion Ransomware Victims Soar 935%

Posted on December 2, 2021 by Dissent

Phil Muncaster reports:

Researchers have recorded a 935% year-on-year increase in double extortion attacks, with data from over 2300 companies posted onto ransomware extortion sites.

Group-IB’s Hi-Tech Crime Trends 2021/2022 report covers the period from the second half of 2020 to the first half of 2021.

During that time, an “unholy alliance” of initial access brokers and ransomware-as-a-service (RaaS) affiliate programs has led to a surge in breaches, it claimed.

Read more at InfoSecurity.

Of special note if you are trying to convince people not to pay ransom:

Group-IB warned that, even if victim organizations pay the ransom, their data often end up on these sites.


Related:

  • Two more entities have folded after ransomware attacks
  • British institutions to be banned from paying ransoms to Russian hackers
  • Authorities released free decryptor for Phobos and 8base ransomware
  • North Country Healthcare responds to Stormous's claims of a breach
  • Gladney Adoption Center had serious data exposures in the past few months. What will they do to prevent more?
  • Armenian National Extradited to the United States Faces Federal Charges for Ransomware Extortion Conspiracy
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