Will Failing to Pay Ransoms Stop Ransomware Attacks?

Written by z3nch4n | Published 2022/09/13
Tech Story Tags: ransomware | ransomware-attacks | cybersecurity | ransomops | raas | threat-report | double-extortion-ransomware | security | web-monetization

TLDRRansomware attacks are steep upward, and the gradient isn't softening its progression. The average ransom payment in the first three months of 2021 was USD220,298 — a significant rise from USD154,108 in the last quarter of 2020. A new wave of attacks adopting the approach called "double-extortion" in cyberspace is the most effective way to force victims to pay a ransom even if they can recover their information using data backups. With double extortion attacks, the availability of a backup could become worthless, and attackers' threat of a data leak can stress the victim's urge to pay.via the TL;DR App

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Written by z3nch4n | Interested in Infosec & Biohacking. Security Architect by profession. Love reading and running.
Published by HackerNoon on 2022/09/13