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:

  • GandCrab Ransomware Found Hiding on Legitimate Websites

    May 10, 2018

    The GandCrab ransomware continues to virulently spread and adapt to shifting cyber-conditions, most recently crawling back into relevance on the back of several large-scale spam campaigns. What’s interesting is that GandCrab payload was found hiding on legitimate but compromised websites. These, when analyzed, were found to be riddled with vulnerabilities stemming from outdated software, highlighting one ...

  • 5 Powerful Botnets Found Exploiting Unpatched GPON Router Flaws

    May 10, 2018

    Well, that did not take long. Within just 10 days of the disclosure of two critical vulnerabilities in GPON router at least 5 botnet families have been found exploiting the flaws to build an army of million devices. Security researchers from Chinese-based cybersecurity firm Qihoo 360 Netlab have spotted 5 botnet families, including Mettle, Muhstik, Mirai, Hajime, and Satori, ...

  • FBI: Cyber-Fraud Losses Rise to Reach $1.4B

    May 8, 2018

    About 301,580 consumers reported cyber-fraud and malware attacks to the FBI’s Internet Crime Complaint Center (IC3) last year – with reported losses exceeding a whopping $1.4 billion. The year’s haul of reports brings the overall total of complaints since the IC3 began recording such things to 4 million. Read more… Source: ThreatPost  

  • UK Manufacturers Top Attack Target For Cyber Crooks

    May 8, 2018

    Manufacturing was the sector most attacked by cyber-criminals in the UK last year, a report from NTT Security has found, mirroring warnings from other agencies including the UK’s National Cyber Security Centre (NCSC) . The firm’s Global Threat Intelligence Report 2018 found that finance was the most targeted sector worldwide, accounting for 26 percent of attacks, including ...

  • This malware checks your system temperature to sidestep sandboxing

    May 1, 2018

    GravityRAT is a Trojan which checks the temperature of a system to detect the presence of virtual machines (VMs) and prevent efforts at analysis by researchers. By taking thermal readings, the Remote Access Trojan (RAT), which has become a recent menace in India, attempts to find out whether or not VMs are being employed for the ...

  • New Orangeworm attack group targets the healthcare sector in the U.S., Europe, and Asia

    April 23, 2018

    Symantec has identified a new attack group dubbed Orangeworm deploying the Kwampirs backdoor in a targeted attack campaign against the healthcare sector and related industries. Symantec has identified a previously unknown group called Orangeworm that has been observed installing a custom backdoor called Trojan.Kwampirs within large international corporations that operate within the healthcare sector in the United States, ...