Cyber extortion sees huge rise – and small businesses are four times more likely to be hit


Cyber extortion remains the most prominent threat facing businesses of all sizes across all industries, a new report from Orange Cyberdefense has found.

The 2024 Cy-Explorer report worryingly uncovered that the number of victims of cyber extortion scams has grown by 77% year on year. In Q1 of 2024 alone, there were 1,046 organizations that were the victims of double-extortion. The actual figure for victims of ransomware attacks is likely to be much higher – known as the “dark number” – due to the stats on cyber extortion being gathered from observable data on dark web leak sites.

Read more…
Source: MSN News


Sign up for our Newsletter


Related:

  • China-based hackers take an interest in Cambodia’s elections

    July 11, 2018

    A US-based security researcher has accused China of interfering in Cambodia’s forthcoming national election. Security vendor FireEye says it has spotted a large-scale Chinese phishing, intrusion, remote access trojan (RAT), and data exfiltration operation targeting the poll. FireEye attributed the activity to a group dubbed “TEMP.Periscope”, previously more closely associated with targeting American engineering and maritime operations. The FireEye post ...

  • Cyber attacks are now a matter of when not if for UK businesses

    July 2, 2018

    For a growing number of UK companies, being hit by a cyber breach is not a matter of ‘if’ – it’s a matter of ‘when’. This is according to a new report by KPMG based on a poll of 150 UK leaders. When compared to the rest of the world, though, the UK is performing well, as according to ...

  • Hotels, airlines and travel sites battle bot attacks

    June 27, 2018

    Hotels, airlines, cruises and travel sites are under siege from crooks using fake or stolen account details to try to access accounts. Hackers have been using stolen or leaked account details to attempt to log into accounts, using botnets to deliver attacks at industrial scale, according to research by Akamai. Read more… Source: ZDNet  

  • Thanatos ransomware: Free decryption tool released for destructive file-locking malware

    June 27, 2018

    Victims of a destructive form of ransomware, which fails to unlock files even if the ransom is paid, can now retrieve their files for free with a new file decryptor released by security researchers. Thanatos ransomware first started targeting Windows systems in February and multiple versions of it have been released in the months since, indicating ...

  • Up to 40,000 British Ticketmaster users may have had their personal and payment details stolen by hackers

    June 27, 2018

    Ticketmaster UK have admitted British customers may have had their credit card data stolen in a security breach that could have affected up to 40,000 people. The company says it ‘identified malicious software’ on a third party product on Saturday, but did not reveal the breach until today. The firm said it disabled the software as soon ...

  • New Malware Family Uses Custom UDP Protocol for C&C Communications

    June 26, 2018

    Security researchers have uncovered a new highly-targeted cyber espionage campaign, which is believed to be associated with a hacking group behind KHRAT backdoor Trojan and has been targeting organizations in South East Asia. According to researchers from Palo Alto, the hacking group, which they dubbed RANCOR, has been found using two new malware families—PLAINTEE and DDKONG—to target ...