Ransomware: Gangs are shifting targets and upping their ransom demands

Ransomware attacks continue to grow, according to data from IBM, which also suggests that ransomware gangs are upping their ransomware demands and getting more sophisticated about how they calculate the ransom they try to extort.

The number of ransomware attacks IBM’s Security X-Force Incident Response team were called in to deal with tripled in the second quarter of this year compared to the previous quarter, and accounted for a third of all security incidents it responded to between April and June 2020. “Ransomware incidents appeared to explode in June 2020,” said a report by the company’s security analysts.

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Source: ZDNet