Businesses in industrial goods and services are still the most popular target for ransomware attacks, but cyber criminals are increasingly diversifying which organisations they’re extorting.
Ransomware has become a major cybersecurity issue, as cyber criminals infiltrate networks and encrypt servers and files before demanding a ransom payment – often amounting to millions of dollars in cryptocurrencies – in exchange for the decryption key.
In a significant number of cases, the victim will give in to the demands and pay the ransom. This might be because they don’t have back-ups, because the criminals threaten to leak stolen data if they’re not paid, or simply because the victim perceives paying to the ransom be the quickest means of restoring the network. Yet in reality, even with the correct decryption key, services can remain disrupted for a long time after the event.