Security News > 2020 > October > Ransom campaign threatens organizations with DDoS attacks
In a new campaign analyzed by Radware, cybercriminals threaten organizations with Distributed Denial of Service attacks unless they acquiesce to their ransom demands.
Published on Wednesday, a security alert entitled "2020 Ransom DDoS Campaign Update" describes how Radware and the FBI have been warning organizations about a global ransom DDoS campaign targeting financial companies and other businesses around the world.
If payment is not received by a specified deadline, the attackers give the targeted organization a "Second chance to reconsider before going down for good." If there's still no payment, then the groups vow to launch extremely powerful DDoS attacks that peak at over two terabits per second.
Based on the size and scope of the victimized organization, the attacks have ranged from a couple of gigabits per second to hundreds of gigabits pers second, in some cases going as high as 300 Gbps. Though not as severe as the threatened 2 Tbps attack, the ones carried out still proved devastating for many organizations.
On-premise and cloud DDoS protection for real-time DDoS attack prevention also addresses high volume attacks and protects from pipe saturation.
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