Double Extortion Ransomware Victims Soar 935%

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.

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