Security News > 2021 > August > Ransom demands reaching $1.2M, smaller companies increasingly targeted

Ransom demands have grown substantially over the past year, smaller companies are increasingly targeted, and cyber criminals continue to take advantage of dislocations in how we work, according to a Coalition report. From the first half of 2020 to 2021, the average ransom demand made to Coalition policyholders increased nearly threefold, from $450,000 to $1.2 million per claim. There was also an emergence of several aggressive new ransomware variants, including Mount Locker, HelloKitty, and Conti. … More → The post Ransom demands reaching $1.2M, smaller companies increasingly targeted appeared first on Help Net Security.

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