Security News > 2021 > February > Podcast: Ransomware Attacks Exploded in Q4 2020
Ransomware attacks continue to plague companies, with researchers from Fortinet's Fortiguard Labs saying they saw an explosion in ransomware activity towards the end of the fourth quarter of 2020.
According to Fortinet's new "FortiGuard Labs Threat Report: Disruption Key Threat Trend in 2020," released this week, researchers saw a seven-times increase in Q4 in ransomware activity across various families - from Ryuk to Egregor.
What's fueling this explosion is the "Proven model" of ransomware - and "It's lucrative to cybercriminals" who are getting more aggressive, Derek Manky, Chief of Security Insights & Global Threat Alliances at Fortinet's FortiGuard Labs, said.
"The bad news is we're continuing to see the evolution of ransomware," said Manky.
In this week's Threatpost podcast, Manky talks about ransomware's disruption to businesses, supply-chain attacks, and cybercriminals using more cross-platform languages.
Listen to the full podcast below or download direct here.
News URL
https://threatpost.com/podcast-ransomware-attacks-exploded-in-q4-2020/164285/
Related news
- Six ransomware gangs behind over 50% of 2024 attacks (source)
- CISA warns of Jenkins RCE bug exploited in ransomware attacks (source)
- CISA Warns of Critical Jenkins Vulnerability Exploited in Ransomware Attacks (source)
- Most Ransomware Attacks Occur When Security Staff Are Asleep, Study Finds (source)
- Most ransomware attacks occur between 1 a.m. and 5 a.m. (source)
- New Qilin Ransomware Attack Uses VPN Credentials, Steals Chrome Data (source)
- Lateral movement: Clearest sign of unfolding ransomware attack (source)
- BlackByte Ransomware Exploits VMware ESXi Flaw in Latest Attack Wave (source)
- U.S. Agencies Warn of Iranian Hacking Group's Ongoing Ransomware Attacks (source)
- Ransomware crisis deepens as attacks and payouts rise (source)