Security News > 2021 > January > How asset management companies are vulnerable to ransomware and phishing attacks
Asset and wealth management companies play an important role in handling finances and investments for different clients throughout the world.
A report released Thursday by digital risk company Digital Shadows examines why and how AWM companies are vulnerable to cyberattack and how they can defend themselves.
In the fourth quarter of 2020, data from AWM companies was discovered leaked on public sites run by the Sodinokibi and NetWalker ransomware gangs.
Looking ahead, Digital Shadows said it believes that ransomware demands will rise as a greater number of large companies are targeted.
AWM companies should be on the lookout for attackers targeting their remote workers with dedicated phishing campaigns.
Ransomware attacks typically start by sending malicious attachments in phishing emails or targeting accounts that use remote desktop protocol.
News URL
Related news
- FatalRAT Phishing Attacks Target APAC Industries Using Chinese Cloud Services (source)
- Southern Water says Black Basta ransomware attack cost £4.5M in expenses (source)
- Qilin ransomware claims attack at Lee Enterprises, leaks stolen data (source)
- Ransomware gangs exploit Paragon Partition Manager bug in BYOVD attacks (source)
- Hackers Exploit Paragon Partition Manager Driver Vulnerability in Ransomware Attacks (source)
- Hackers Exploit AWS Misconfigurations to Launch Phishing Attacks via SES and WorkMail (source)
- Hunters International ransomware claims attack on Tata Technologies (source)
- Toronto Zoo shares update on last year's ransomware attack (source)
- YouTube warns of AI-generated video of its CEO used in phishing attacks (source)
- EncryptHub Deploys Ransomware and Stealer via Trojanized Apps, PPI Services, and Phishing (source)