New Report Says Requested Ransomware Demands Up 200 Percent in 2019

A new report from The Crypsis Group shows that cybercriminals are continuing to escalate tactical approaches and becoming more targeted in their attacks.

The 2020 Incident Response and Data Breach showed that ransomware and business email compromises where the two most pervasive and impactful cyberattacks in terms of business disruption and monetary loss in 2019.

"Since 2018, threat actors have evolved from deploying mass-distributed phishing campaigns with lower ransom demands to highly targeted, well-researched attacks on larger enterprises with deeper pockets," said Crypsis Group CEO, Bret Padres. "We believe these new methods represent a tactical shift in response to stronger enterprise security defenses and an associated reduction in organizations' willingness to pay.”

When attempting business email compromises, the report says that criminals are conducting more research for better success.

Insider threats were found to be an imposing threat, rising 70 percent compared to the previous year. Fifty-seven precent of insider attacks were from employees looking to advance their career and had plans to leave the organization.

Finally, Crypsis said that healthcare and financial organizations are the top industries targeted by a security incident.

You can access the complete report here.

About the Author

Brent Dirks is senior editor for Security Today and Campus Security Today magazines.

Featured

New Products

  • Compact IP Video Intercom

    Viking’s X-205 Series of intercoms provide HD IP video and two-way voice communication - all wrapped up in an attractive compact chassis.

  • AC Nio

    AC Nio

    Aiphone, a leading international manufacturer of intercom, access control, and emergency communication products, has introduced the AC Nio, its access control management software, an important addition to its new line of access control solutions.

  • EasyGate SPT and SPD

    EasyGate SPT SPD

    Security solutions do not have to be ordinary, let alone unattractive. Having renewed their best-selling speed gates, Cominfo has once again demonstrated their Art of Security philosophy in practice — and confirmed their position as an industry-leading manufacturers of premium speed gates and turnstiles.