Cybercriminals are drawn to the most vulnerable and profitable sectors.
Jun 16th, 2021
Pixabay
The manufacturing industry has overwhelmingly embraced automation and digitization, capitalizing on the improved efficiency in controlling and monitoring operations. However, the efficiency comes with a catch: a higher risk of cyberattack from modern malware technology.
Ransomware is one of the most common forms of malware. It allows hackers to access and cripple computer systems. Then, they keep these systems down till the affected parties pay a ransom. Some hackers may opt not to disable the systems, but encrypt the data, making it inaccessible to the user.
In 2020 ransomware attacks against individuals reduced, but attacks against businesses increased because they're more profitable and a company is more likely to pay. The ransom per attack rose from around $100,000 to over $300,000.