Security News > 2021 > May > Ransomware attackers are now using triple extortion tactics

Ransomware attackers are now using triple extortion tactics
2021-05-12 18:02

Cybercriminals who specialize in ransomware have already been using double extortion tactics in which they not only decrypt stolen data but also threaten to leak it publicly unless the ransom is paid.

Now, some attackers have progressed to a triple extortion tactic with the intent of squeezing out even more money from their malicious activities.

The healthcare sector has been seeing the highest volume of ransomware with around 109 attacks per organization each week.

Amid news of a ransomware attack against gas pipeline company Colonial Pipeline, the utilities sector has experienced 59 attacks per organization per week.

Around the world, organizations in the Asia Pacific region have been victims of the highest number of ransomware attacks with 51 per week.

In another example from this past February, the REvil ransomware group announced that it was adding more tactics to its double extortion ploy, namely DDoS attacks and phone calls to the victim's business partners and the media.


News URL

https://www.techrepublic.com/article/ransomware-attackers-are-now-using-triple-extortion-tactics/#ftag=RSS56d97e7