As of 2019, stolen data has been leaked from thousands of companies

Ransomware cyber attacks have been in the news for several years. Malicious actors no longer seem to set boundaries either, as demonstrated by this ransomware that is now affecting healthcare facilities and putting patient lives at risk.

In the past, cyber criminals only encrypted files and asked for a ransom to restore them. You are now practicing what is known as a double blackmail strategy. Specifically, hackers threaten to distribute the stolen data online if the victim does not pay the requested amount.

The winning lures are very strong and the strategies are improving

In view of the risk, many companies are now convinced. This works especially since many companies still prefer to lose their information than to see it on the internet.

And for those who refuse to take the plunge, the threat is sometimes carried out. To illustrate this phenomenon, our colleagues at BleepingComputer relied on data from DarkTracer, a researcher specializing in the dark web. The latter has identified no fewer than 2,103 companies whose data has leaked online since 2019.

A total of 34 ransomware gangs were involved in these operations. Our colleagues quote in particular Team Snatch, MAZE, Conti or even NetWalker. In addition, the trend is so strong that in the past few months, areas have even emerged that specialize in the data breach market.

In the face of this increasingly concrete danger, the mobilization is organized. A coalition of experts has recently emerged. It includes executives from large technology groups such as Microsoft and McAfee, as well as FBI officials. In a recently released roadmap, these specialists give some ways to tackle this phenomenon directly.

In particular, they advocate international cooperation where the United States would cooperate with other governments. Finally, better regulation of the cryptocurrency sector is needed as it would hit the cybercriminals’ business model directly.

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By: Bitdefender

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