81 percent of financially motivated attacks are ransomware

Ransomware made up 81 percent of all financially motivated cyberattacks in 2020, according to a new report from Atlas VPN. The remainder of attacks comprised a variety of approaches including point-of-sale intrusions, eCommerce attacks, business email compromise, and cryptocurrency mining. The most lucrative attack was against Garmin, a multinational technology company, believed to have paid $10 million to its hackers. Garmin was targeted by WastedLocker, ransomware credited to a Russia-based cybercriminal group called Evil Corp. The next biggest ransom payout to cybercriminals in 2020 belongs to a business travel management company CWT Global. Cybercriminals behind the attack used Ragnar Locker… [Continue Reading]