The state of ransomware: national emergencies and million-dollar blackmail

Banks have been “disproportionately affected” by a surge in ransomware attacks, clocking a 1,318% increase year-on-year in 2021.

Ransomware has become one of the most well-known and prevalent threats against the enterprise today. This year alone, we have seen high-profile cases of ransomware infection — including against Colonial Pipeline, Kaseya, and Ireland’s health service — cause everything from business disruption to fuel shortages, declarations of national emergency, and restricted medical care.

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Source: ZDNet