FBI Warns Businesses and Organizations of Rising “High-Impact” Ransomware Threat

FBI Warns Businesses and Organizations of Rising “High-Impact” Ransomware Threat

Even if an organization decides to pay a ransom against the FBI’s advice, they should report the crime to law enforcement, according to the FBI alert.

Following a summer of increasingly worrisome ransomware attacks, the FBI issued a public service announcement on Wednesday warning of “high-impact” cyberattacks that are increasingly threatening hospitals, small businesses and local governments. 

While the FBI has issued similar warnings about malicious hacking attempts in previous years, this is the first announcement concerning ransomware in 2019, The Hill reported. The agency noted that ransomware attacks are becoming more “targeted, sophisticated and costly” even as the overall frequency of them has not increased. 

“Since early 2018, the incidence of broad, indiscriminate ransomware campaigns has sharply declined, but the losses from ransomware attacks have increased significantly,” the alert reads, citing complaints data collected by the FBI’s Internet Crime Complaint Center. 

The alert comes as a growing number of city governments, hospitals and businesses report debilitating ransomware attacks, which shut down an organization’s systems until a ransom is paid. In August, over 20 Texas towns were hit by an attack, and just this week, three Alabama hospitals were forced to turn away new patients after their systems were paralyzed. 

Read more: Report: Insurance Companies Are Exacerbating Rise in Ransomware Attacks

Beyond detailing some of the methods malicious actors use to infect computer systems with ransomware, the FBI said that it does not advocate paying a ransom, partly because it does not guarantee that a hacker will provide a key to decrypt the organization’s files. 

“In some cases, victims who paid a ransom were never provided with decryption keys,” the alert reads. “In addition, due to flaws in the encryption algorithms of certain malware variants, victims may not be able to recover some or all of their data even with a valid decryption key.” 

That advice is a bit of a switch-up from how one FBI agent described the FBI’s advice to victims in 2015. ZDNet reports that an agent told attendees at a 2015 conference that “we often advise people just to pay the ransom.” 

Now, the FBI notes that paying ransoms only gives other criminals the signal that ransomware is an “alluring and lucrative enterprise.” But the alert acknowledged that individual organizations may want to pay the fee because they need to function and are losing money while their systems are down. 

“Regardless of whether you or your organization have decided to pay the ransom, the FBI urges you to report ransomware incidents to law enforcement,” the alert reads. “Doing so provides investigators with the critical information they need to track ransomware attackers, hold them accountable under U.S. law, and prevent future attacks.” 

About the Author

Haley Samsel is an Associate Content Editor for the Infrastructure Solutions Group at 1105 Media.

Featured

  • Data Driven, Proactive Response

    As cities face rising demands for smarter policing and faster emergency response, Real Time Crime Centers (RTCCs) are emerging as essential hubs for data-driven public safety. In this interview, two experts with deep field experience — Ross Bourgeois of New Orleans and Dean Cunningham of Axis Communications — draw on decades of operational, leadership and technology expertise to share how RTCCs are transforming public safety through innovation, interagency collaboration and a relentless focus on community impact. Read Now

  • Integration Imagination: The Future of Connected Operations

    Security teams that collaborate cross-functionally and apply imagination and creativity to envision and design their ideal integrated ecosystem will have the biggest upside to corporate security and operational benefits. Read Now

  • Smarter Access Starts with Flexibility

    Today’s workplaces are undergoing a rapid evolution, driven by hybrid work models, emerging smart technologies, and flexible work schedules. To keep pace with growing workplace demands, buildings are becoming more dynamic – capable of adapting to how people move, work, and interact in real-time. Read Now

  • Trends Keeping an Eye on Business Decisions

    Today, AI continues to transform the way data is used to make important business decisions. AI and the cloud together are redefining how video surveillance systems are being used to simulate human intelligence by combining data analysis, prediction, and process automation with minimal human intervention. Many organizations are upgrading their surveillance systems to reap the benefits of technologies like AI and cloud applications. Read Now

  • Right-Wing Activist Charlie Kirk Dies After Utah Valley University Shooting

    Charlie Kirk, a popular conservative activist and founder of Turning Point USA, died Wednesday after being shot during an on-campus event at Utah Valley University in Orem, Utah Read Now

New Products

  • Camden CM-221 Series Switches

    Camden CM-221 Series Switches

    Camden Door Controls is pleased to announce that, in response to soaring customer demand, it has expanded its range of ValueWave™ no-touch switches to include a narrow (slimline) version with manual override. This override button is designed to provide additional assurance that the request to exit switch will open a door, even if the no-touch sensor fails to operate. This new slimline switch also features a heavy gauge stainless steel faceplate, a red/green illuminated light ring, and is IP65 rated, making it ideal for indoor or outdoor use as part of an automatic door or access control system. ValueWave™ no-touch switches are designed for easy installation and trouble-free service in high traffic applications. In addition to this narrow version, the CM-221 & CM-222 Series switches are available in a range of other models with single and double gang heavy-gauge stainless steel faceplates and include illuminated light rings.

  • FEP GameChanger

    FEP GameChanger

    Paige Datacom Solutions Introduces Important and Innovative Cabling Products GameChanger Cable, a proven and patented solution that significantly exceeds the reach of traditional category cable will now have a FEP/FEP construction.

  • HD2055 Modular Barricade

    Delta Scientific’s electric HD2055 modular shallow foundation barricade is tested to ASTM M50/P1 with negative penetration from the vehicle upon impact. With a shallow foundation of only 24 inches, the HD2055 can be installed without worrying about buried power lines and other below grade obstructions. The modular make-up of the barrier also allows you to cover wider roadways by adding additional modules to the system. The HD2055 boasts an Emergency Fast Operation of 1.5 seconds giving the guard ample time to deploy under a high threat situation.