There’s been a huge increase in the number of ransomware attacks over the course of 2020, with a seven-fold rise in campaigns compared with just last year alone, according to newly released data from cybersecurity researchers.
Ransomware attacks have been on the rise and getting more dangerous in recent years, with cyber criminals aiming to encrypt as much of a corporate network as possible in order to extort a bitcoin ransom in return for restoring it. A single attack can result in cyber criminals making hundreds of thousands or even millions of dollars.
It’s something that cyber criminals have been capitalising on despite the changing working circumstances with more people working remotely during 2020, with Bitdefender’s Mid-Year Threat Landscape Report 2020 claiming a 715% year-on-year increase in detected – and blocked – ransomware attacks.
Not only has the number of ransomware attacks increased, but ransomware has continued evolving, with some of the most popular forms of ransomware last year having disappeared while new forms of ransomware have emerged. In some cases, these are even more disruptive and damaging.
“Looking into the evolution of last year’s ransomware families and how they’ve changed this year, most of them have actually gone down in numbers. This year’s popular ransomware families are not last year’s popular ransomware families,” Liviu Arsene, global cybersecurity researcher at Bitdefender told ZDNet.
For example, one of the most prolific ransomware threats during 2019 was GandCrab – until its operators shut up shop during the middle of the year, claiming to have made a fortune from campaigns.
By Danny Palmer | September 9, 2020
