Ransomware attacks fuelled increase in data theft in 2020, says IBM Security

GRC World Forum reports:

Ransomware attacks increased 20% in 2020 compared to the previous year, with “double-extortion” tactics used in 59% of cases, according to a report by IBM Security

The 2021 X-Force Threat Intelligence Index also showed how criminals pivoted their attacks to businesses and organisations on which global Covid-19 response efforts relied, including hospitals, medical and pharmaceutical manufacturers, and energy companies.

“In 2020 the world experienced more ransomware attacks compared to 2019, with nearly 60% of ransomware attacks that X-Force responded to using a double extortion strategy whereby attackers encrypted, stole and then threatened to leak data, if the ransom wasn’t paid”, says IBM Security

Read more on GRC World Forum.

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