Ransomware ransomware for 2021 attacked 500% more often, while demanding to pay a ransom in monero (XMR)
Ransomware attacks increased by 500% in 2021. This was reported in their study by analysts at CipherTrace.
The so-called double extortion programs have gained particular popularity among attackers.
In a typical ransomware attack, the victim’s data is encrypted until a ransom is made. However, in a double ransomware attack, the attackers not only encrypt the victim’s data, but also threaten to publicly publish the stolen files if the ransom is not paid on time.
“The increase in the number of double-ransomware attacks is likely the result of increased protection against ransomware by the public and private sectors,” CipherTrace suggested.
Attackers also began to gradually switch to monero (XMR). Bitcoin (BTC) still remains on the list of payments, but hackers now increase the ransom amount if the victim pays with bitcoin, CipherTrace notes.
For example, after the incident with the attack on the Colonial Pipeline, the DarkSide group ceased to exist. However, CipherTrace believes that it was simply renamed BlackMatter to distract the attention of the public and law enforcement from the high-profile hack. BlackMatter follows the same payment scheme as DarkSide, with payments in bitcoin 25% more expensive than in XMR.
See also Bitcoin has ceased to be the main asset of cyber ransomware
In total, the Financial Crimes Enforcement Network (FinCEN) identified about 17 cases of extortion demanding payment of XMR by the end of 2021. How many of these cases actually went to the demands of extortionists is not disclosed.
About which strain of ransomware is the most dangerous – read in the material of the editors of BeInCrypto.
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