Security News > 2021 > January > How asset management companies are vulnerable to ransomware and phishing attacks
![How asset management companies are vulnerable to ransomware and phishing attacks](/static/build/img/news/alt/phishing-stats-2-medium.jpg)
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
- Synlab Italia suspends operations following ransomware attack (source)
- Leicester streetlights take ransomware attack personally, shine on 24/7 (source)
- AI set to play key role in future phishing attacks (source)
- LA County Health Services: Patients' data exposed in phishing attack (source)
- LA County Health Services: Patients' data exposed in phishing attack (source)
- AI-driven phishing attacks deceive even the most aware users (source)
- REvil hacker behind Kaseya ransomware attack gets 13 years in prison (source)
- City of Wichita shuts down IT network after ransomware attack (source)
- Ransomware attacks impact 20% of sensitive data in healthcare orgs (source)
- Monday.com removes "Share Update" feature abused for phishing attacks (source)