Ransomware is now the biggest online menace you need to worry about - here's why

[InfoSec News <alerts () infosecnews org>]

https://www.zdnet.com/article/ransomware-is-now-the-biggest-online-menace-you-need-to-worry-about/

By Danny Palmer
Security
ZDNet
April 22, 2020

Ransomware attacks have become more commonplace than payment card theft 
incidents for the first time, as cyber criminals alter how they go about their 
malicious operations in an effort to gain the biggest financial reward for the 
least amount of effort.

Analysis of more than a trillion security events over the past year and 
hundreds of breach investigations by researchers at cybersecurity company 
Trustwave found that ransomware attacks have become the most common security 
incident.

Almost one in five – 18% – of incidents throughout 2019 involved ransomware 
attacks, where organisations found part or all of their environment compromised 
by network encrypting malware – and then faced a financial demand from hackers 
to regain access to the data.

The number of ransomware incidents quadrupled when compared with the previous 
year and it now means that ransomware attacks are more common that payment card 
and financial data breaches for the first time. Incidents involving stolen bank 
account details and credit card information accounted for 17% of incidents 
during 2019.

[...]

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