Will Failing to Pay Ransoms Stop Ransomware Attacks?by@z3nch4n
409 reads

Will Failing to Pay Ransoms Stop Ransomware Attacks?

tldt arrow
Read on Terminal Reader

Too Long; Didn't Read

Ransomware 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.

Companies Mentioned

Mention Thumbnail
Mention Thumbnail

Coins Mentioned

Mention Thumbnail
Mention Thumbnail
featured image - Will Failing to Pay Ransoms Stop Ransomware Attacks?
Zen Chan HackerNoon profile picture

@z3nch4n

Zen Chan

About @z3nch4n
LEARN MORE ABOUT @Z3NCH4N'S EXPERTISE AND PLACE ON THE INTERNET.
react to story with heart

RELATED STORIES

L O A D I N G
. . . comments & more!
Hackernoon hq - po box 2206, edwards, colorado 81632, usa