NCC Group reports that ransomware attacks have risen 288% between the first and second quarters of 2021, driven by a rise in double extortion attempts, with a significant portion of all attacks resulting from phishing emails sent by the Conti group. Almost half of the victims were based in the US.
“We’ve seen targets range from IT companies and suppliers to financial institutions and critical national infrastructure providers, with ransomware-as-a-service increasingly being sold by ransomware gangs in a subscription model
“It’s therefore crucial for organizations to be proactive about their resilience. This should include proactive remediation of security issues, and operating a least-privilege model, which means that if a user’s account is compromised, the attacker will only be able to access and/or destroy a limited amount of information.”
Christo Butcher, global lead for threat intelligence, NCC Group
Separately, data from Group-IB reveals that ransomware attacks grew by 150% year-on-year in 2020, with the average extortion amount doubling.
Source: Infosecurity
Informed Sauce is hosting an Infinidat-sponsored event in London on 2 December about protecting businesses from cyber crime, and particularly ransomware attacks.
Short talks from the Metropolitan Police, a military-trained cyber threat expert and sponsor Infinidat’s EMEA Field CTO will be followed by a panel-led, room-wide moderated discussion, with plenty of opportunities for you to contribute your thoughts and ask questions.
Visit the event microsite for more details and to sign up.