Targeted ransomware attacks grow 767%, India among top targets

ransomware attacks

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

The ransomware attacks on high-profile targets such as corporations, government agencies and municipal organizations globally increased by a whopping 767 per cent in one year (from 2019 to 2020), according to a new report.

New Delhi, The ransomware attacks on high-profile targets such as corporations, government agencies and municipal organisations globally increased by a whopping 767 per cent in one year (from 2019 to 2020), according to a new report.

Targeted ransomware attacks have become a major concern globally in the past few years, especially for organizations and businesses in the APAC region, especially India.

“At least 61 entities from the region were breached by a targeted ransomware group in 2020. Australia and India being the top two countries that logged the highest number of incidents across APAC,” said Chris Connell, Managing Director, Kaspersky (APAC).

The increase in targeted ransomware occurred alongside a 29 per cent decrease in the overall number of users affected by any kind of ransomware, with WannaCry still being the most frequently encountered family, according to cyber security firm Kaspersky.

Targeted ransomware attacks involve significantly more sophistication (network compromise, reconnaissance and persistence, or lateral movement) and a much larger payout.

From 2019 to 2020, the number of users encountering targeted ransomware increased by around 767 per cent.

The ransomware family most frequently encountered by users is still WannaCry, the ransomware Trojan that first appeared in 2017 and led to damages of at least $4 billion across 150 countries.

Nearly 22 per cent of the users that encountered ransomware in 2019 encountered WannaCry, but this decreased to 16 per cent in 2020.

“We’ll most likely see fewer and fewer widespread campaigns targeting everyday users. Of course, that’s not to say users aren’t still vulnerable,” said Fedor Sinitsyn, security expert at Kaspersky.

“However, the primary focus will likely continue to be on companies and large organizations, and that means ransomware attacks will continue to become more sophisticated and more destructive,” he added.

The ransomware threat — when attackers encrypt private information and hold it to ransom — became mainstream news in the 2010s following large-scale outbreaks, such as WannaCry and Cryptolocker.

They targeted tens of thousands of users and often requested relatively small amounts from victims to have their files returned.

Some of the most prolific targeted ransomware families during this time were Maze, the infamous group involved in several loud incidents, and RagnarLocker, also covered in the news.

Both of these families began the trend of exfiltration of data in addition to encrypting it and threatening to make the confidential information public if the victims refused to pay, according to the report.

Subscribe To Our Newsletter

More To Explore

website creation
Internet

10 Attributes to a Good Website

What’s the one thing that can make your business bigger than ever? The answer is- ‘having a good online presence’. And how do you create

iphone security
Computer, Internet Security

Mettez à jour vos iPhone, Mac et iPad !

Apple prévient que des failles sont peut-être exploitées Apple diffuse une série de correctifs pour iOS 14.5, mais aussi pour macOS Big Sur et l’Apple

Wanna take it to the next level?

drop us a line and let's get started

We're Here To help

Feel free to contact us, and we’ll be more than happy to answer all of your questions.

a2Da Digital

a2Da Digital is a brand of a2Da Enterprises

ERHUB
Ahtri 12
10151 Tallinn, Estonia

[email protected]

+372 712 4283
Hours : 08:00 to 18:00 Mon – Fri
Support 24×7 Submit a Ticket Here
Registered in Tallinn, EE : 14740580
VAT : EE102279616

Secured BACKUP

Nothing is more important than having your data available at all times, wherever you are, whatever you do.

At a2Da Digital we provide real time backup of your data, and because your data belongs to you, you are the only one able to use it. No advertising, no reading your documents to propose targeted advertising! It’s your data and only yours!

And because it is important that your documents are really safe, they go through our award-winning anti virus systems so you don’t backup viruses as well!

We use SYNOLOGY world-renowned backup servers to guarantee the integrity of your data, and back up the backup as a fail-safe.

You use several terminals (desktop, laptop, telephone, tablet)? You can use our system as a centralized repository of your documents so everything is synchronized in real time and available to you no matter the terminal.

Our company is a collective of amazing people striving to build solutions you need.

Actual people, easy to contact and who know what they are doing, these are the members of the team you will deal with. We all speak French and English, have an engineer level not matter the position and will be able to answer all your questions as quickly as possible. Just drop an email at [email protected] with your question.

We have both eyes on our equipment, update and maintain it ourselves 24/7 and have constructed an architecture that we believe is sound, secured, efficient and cost effective.