While other types of malware and cyber threats have not gone away this year, the ransomware threat has continued to grow by 57% in 2021. Following the focus on supply chain attacks like Solar Winds, now massive ransomware attacks such as the Colonial Pipeline hack have captured public attention.
This trend shows no signs of stopping, making ransomware protection a critical component of an organization’s cybersecurity strategy. This report highlights the continued evolution of tools and techniques by cyberattackers and the continued emphasis on social engineering to carry out malicious actions.
The rise of double extortion attacks — where ransomware gangs steal data and threaten to leak it if ransoms are not paid — has made data breaches a significant concern as well. Some groups are even posing a “triple threat,” performing a Distributed Denial of Service (DDoS) attack against an organization to pressure it into paying the ransom. Taking proactive action to identity threats is a far superior approach to managing the devastating aftereffects of a cyber attack, and every organization needs to take steps to safeguard its infrastructure and operations.