Northern Indiana – Since the pandemic began, many companies have had to add a new form of ransomware assault to their list of cybersecurity concerns. The list of cyber security risks now includes attackers stealing sensitive data and threatening people with the exposure of the data unless the victim pays a considerable ransom.
The potential damage is far more significant than the ransom money. If sensitive or embarrassing material is exposed, victims can easily face reputational and legal penalties. Furthermore, IT security experts believe there’s no guarantee that the attackers or hackers won’t disclose the stolen material after victims pay the ransom.
Previously, ransomware criminals concentrated their efforts on encrypting victims’ data, rendering it unavailable and potentially interrupting corporate operations until a ransom is paid. New ransomware hackers have been looking for leverage in the form of data that could affect a company if made public. The attacks increased in 2020 as the world reeled from COVID-19. Cybercriminals have been combining their attacks with data thefts that involve encryption.
The new form of cyberattacks gained prominence in early 2020, and sadly, things have grown fast since then. In the second half of 2021, such threats were found in 81% of all known and reported ransomware attacks. One of the reasons cyber security companies are concerned about the new assaults is that they can hurt their partners, customers, and employees. These are the parties whose data may have been stolen by the cybercriminals, and that data could be exposed at any time.
Attackers may try to put more pressure on a firm by informing its customers that sensitive data about them has been stolen. Cybercriminals can email all the consumer photos of the data as proof.
Although the perpetrators frequently decrypt data when a ransom is paid, there is nothing to prevent the criminals from publicizing the material later, after a ransom has been paid, abusing it, or selling it to other parties in cases of data theft. Therefore, companies must face these risks squarely and notify anyone who the attack has impacted before they learn about it from the media or if their data has been shared on dark web forums.
One issue for targeted firms is that they frequently have no idea how much hackers stole data. Determining what the attackers might publish can be a challenging and time-consuming procedure, too.
When deciding on a bargaining tactic, ransomware experts keep track of known hacking organizations and analyze their previous behavior. Knowing particular hacking groups can prolong the dialogue and help specialists plan ahead of time, so they won’t inadvertently enrage the attackers, either.
Ransomware assaults are common in the manufacturing industry, and hackers view it as a high-value target. Files are only saved locally in some production facilities, which might raise the risk and leave a facility largely defenseless against these assaults.