Ransomware attacks in 2020 dominated as a top threat vector this past year. Attacks had an impact on nearly all sectors of the global economy costing business $20 billion collectively. Garmin negotiated with Evil Corp for decryption key to unlock its files in the wake of a WastedLocker ransomware attack. U.S. local and federal governments have increasingly looked at regulatory efforts regarding paying ransom demands in the event of a cyberattack. Double extortion is a growing tactic used by cybercriminals to inflict more pain on victims.
Source: https://threatpost.com/ransomware-2020-extortion/162319/