FBI warns of escalating Pysa ransomware attacks on education orgs
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Cyberattacks See Fundamental Changes, A Year into COVID-19
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Sobering news for organizations, as average ransom demand closes in on $200,000
The ransomware market, fueled by coronavirus pandemic turbulence, has become the biggest single money earner for cybercriminals, according to a new report.
Threat hunting and cyber-intelligence firm Group-IB estimates that the number of ransomware attacks grew by more than 150% in 2020.
Ransomware attacks not only grew in numbers but also in scale and sophistication – the average ransom demand increased by more than twofold and amounted to $170,000 in 2020.
Ransomware attacks on average caused 18 days of downtime for the affected organizations, while the average ransom amount almost doubled. Demands at the top end of the cyber-extortion scale exceeded $1 million.