Cyber ransom demands up 200 percent in 2019

Requested amounts in ransomware attacks rose nearly 200 percent from 2018 to 2019, averaging $115,123 per attack last year. A report from incident response, risk management and digital forensics firm Crypsis Group reveals that threat actors across a range of cyberattack types have significantly escalated their tactical approaches, becoming more targeted, conducting victim research and employing techniques that enable them to be more successful and extract higher payouts for their efforts. "Since 2018, threat actors have evolved from deploying mass-distributed phishing campaigns with lower ransom demands to highly targeted, well-researched attacks on larger enterprises with deeper pockets," says Crypsis Group CEO,… [Continue Reading]