www.rivitmedia.comwww.rivitmedia.comwww.rivitmedia.com
  • Home
  • Tech News
    Tech NewsShow More
    Microsoft’s May 2025 Patch Tuesday: Five Actively Exploited Zero-Day Vulnerabilities Addressed
    7 Min Read
    Malicious Go Modules Unleash Disk-Wiping Chaos in Linux Supply Chain Attack
    4 Min Read
    Agentic AI: Transforming Cybersecurity in 2025
    3 Min Read
    Cybersecurity CEO Accused of Planting Malware in Hospital Systems: A Breach of Trust That Shocks the Industry
    6 Min Read
    Cloud Convenience, Criminal Opportunity: How Google Sites Became a Launchpad for Elite Phishing
    6 Min Read
  • Cyber Threats
    • Malware
    • Ransomware
    • Trojans
    • Adware
    • Browser Hijackers
    • Mac Malware
    • Android Threats
    • iPhone Threats
    • Potentially Unwanted Programs (PUPs)
    • Online Scams
  • How-To-Guides
  • Product Reviews
    • Hardware
    • Software
  • IT/Cybersecurity Best Practices
  • FREE SCAN
  • Cybersecurity for Business
Search
  • ABOUT US
  • TERMS AND SERVICES
  • SITEMAP
  • CONTACT US
© 2023 rivitMedia.com. All Rights Reserved.
Reading: Ransomware is Still the Biggest Threat to Watch For
Share
Notification Show More
Font ResizerAa
www.rivitmedia.comwww.rivitmedia.com
Font ResizerAa
  • Online Scams
  • Tech News
  • Cyber Threats
  • Mac Malware
  • Cybersecurity for Business
  • FREE SCAN
Search
  • Home
  • Tech News
  • Cyber Threats
    • Malware
    • Ransomware
    • Trojans
    • Adware
    • Browser Hijackers
    • Mac Malware
    • Android Threats
    • iPhone Threats
    • Potentially Unwanted Programs (PUPs)
    • Online Scams
  • How-To-Guides
  • Product Reviews
    • Hardware
    • Software
  • IT/Cybersecurity Best Practices
    • Cybersecurity for Business
  • FREE SCAN
  • Sitemap
Follow US
  • ABOUT US
  • TERMS AND SERVICES
  • SITEMAP
  • CONTACT US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
www.rivitmedia.com > Blog > Tech News > Ransomware is Still the Biggest Threat to Watch For
Tech News

Ransomware is Still the Biggest Threat to Watch For

riviTMedia Research
Last updated: October 20, 2023 5:29 am
riviTMedia Research
Share
Ransomware is Still the Biggest Threat to Watch For
SHARE

Cybercriminals are known to be opportunists. The COVID-19 pandemic made organizations and individuals increasingly vulnerable as they scrambled to deal with the fallout. That made the year 2020 huge for ransomware attacks. Cyber Insurance provider Coalition reported that ransomware attacks were responsible for 41% of all cyber insurance claims submitted in the first half of 2020.

Schools, businesses and healthcare organizations can’t afford to go offline due to ransomware, and attackers realize they are more likely to pay. According to the 2020 Crowdstrike Global Security Attitude Survey conducted in August and September of 2020, 27% of ransomware victims paid a ransom in the previous 12 months, on average a whopping $1.1 million.

Attackers have also shifted tactics recently while improving their encryption schemes, making them harder to crack. In addition to encrypting critical data, some hacking groups are now stealing sensitive data and threatening to release it on public “leak sites” if the ransom is not paid. One group known as the FIN11 group has shifted to this strategy.

The website Cloudflare has reported that some groups, including Fancy Bear, Cozy Bear and Lazarus, now conduct ransom-based distributed denial-of-service (DDoS) attacks. The hackers threaten to disrupt a victim’s network with a DDoS attack if a ransom is not paid, sometimes in concert with a “teaser” attack that causes a minor disruption.

The Sodinokibi ransomware gang has gained traction in cybercriminal circles as well. Sodinokibi operates in a typical ransomware fashion by infiltrating a victim’s computer, using a strong encryption algorithm to encrypt files, and then demanding payment for their restoration. An analysis of its underlying code shows that Sodinokibi is an entirely new malware strain and not an updated variant of an already existing ransomware strain.

Fancy Bear, Cozy Bear, Lazarus and Sodinokibi

You Might Also Like

Cloud Activation Lock: Understanding the Issue and Resolving It Effectively
Understanding the New Microsoft Office Vulnerability: What You Need to Know
Qwik Ant Pop-Up Ads: Removal and Prevention Guide
Post-COVID-19 Ransomware Threats
Gazeroelet.space Ads and Pop-Ups: Unmasking the Threat and Comprehensive Removal Guide
TAGGED:Tech News

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Copy Link Print
Share
Previous Article The Random Music Playing Virus Plays a Dangerous Tune
Next Article Cybersecurity Threats May Come From Inside an Organization
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Scan Your System for Free

✅ Free Scan Available 

✅ 13M Scans/Month

✅ Instant Detection

Download SpyHunter 5
Download SpyHunter for Mac

//

Check in Daily for the best technology and Cybersecurity based content on the internet.

Quick Link

  • ABOUT US
  • TERMS AND SERVICES
  • SITEMAP
  • CONTACT US

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

www.rivitmedia.comwww.rivitmedia.com
© 2023 • rivitmedia.com All Rights Reserved.
  • ABOUT US
  • TERMS AND SERVICES
  • SITEMAP
  • CONTACT US