Ransomware attacks on businesses up 365% this year

Cybercriminals are increasingly targeting businesses with ransomware instead of consumers for a bigger payout, according to Malwarebytes.

  • Ransomware is back with a vengeance, if you’re a business, according to Malwarebytes’s Cybercrime Tactics and Techniques: Ransomware Retrospective report, released Thursday.
  • Businesses—particularly those in fields like education and healthcare—often have weak infrastructure and poorly-constructed operational security, allowing hackers to encrypt business-critical data and demand a higher ransom.
  • Business detections of ransomware rose 365% from Q2 2018 to Q2 2019, the report found, while consumer detection decreased by 12%.
  • Ryuk and Phobos are the top ransomware families attacking businesses, and increased by 88% and 940% over Q1 2019, respectively, the report found. Gandcrab and Rapid business detections also increased year over year, with Rapid rising 319% over Q2 2018. However, business detections of GandCrab decreased by 5% in Q2 2019.

In the future, it’s likely that ransomware campaigns will continue to target businesses over consumers, the report noted.

Source – TechRepublic

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