Blog | G5 Cyber Security

Ransomware Gangs’ Ruthlessness Leads to Bigger Profits

Ransomware-wielding criminals are growing increasingly ruthless, based on the size of their extortion demands and increasing propensity to leak data in an attempt to force victims to pay. The volume of ransomware attacks increased 40 percent from 2018 to 2019. The average ransom paid jumped to $302,539 while the largest single payment was $5.6 million. Experts say some gangs using their own ransomware code or ransomware-as-a-service offerings are hacking targets using advanced network penetration tactics that until recently would have been the domain of advanced persistent attackers with nation-state ties.”]

Source: https://www.bankinfosecurity.com/ransomware-gangs-ruthlessness-leads-to-bigger-profits-a-14349

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