Ransomware attacks more than doubled last year as cybercrime operations scale up during coronavirus pandemic


The ransomware market, fueled by coronavirus pandemic turbulence, has become the biggest single money earner for cybercriminals, according to a new report.

Threat hunting and cyber-intelligence firm Group-IB estimates that the number of ransomware attacks grew by more than 150% in 2020.

Ransomware attacks not only grew in numbers but also in scale and sophistication – the average ransom demand increased by more than twofold and amounted to $170,000 in 2020.

Read More…