Barracuda Network: Ransomware attacks enhanced 64% more than the previous year

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Ransomware attacks enhanced 64% more than the previous year, targeting municipalities, overall health care, education, infrastructure, and more, according to Barracuda Network’s annual ransomware report.

Ransomware attacks have surged in 2021. Cybercriminals are also expanding their targets, shifting focus to important infrastructure and deep-rooted application provide chain attack campaigns, which can lead to extended-lasting devastation.

In the previous 12 months, Barracuda researchers have identified and analyzed 121 ransomware incidents, a 64% increase in attacks, year more than year. Cybercriminals are nonetheless heavily targeting municipalities, overall health care, and education, but attacks on other companies are surging.

Attacks on corporations, such as infrastructure, travel, economic services, and other companies, made up 57% of all ransomware attacks between August 2020 and July 2021, up from just 18% from the 2020 report. Infrastructure-connected companies account for 10% of all the attacks we studied. In reality, ransomware attacks are swiftly evolving to application provide chain attacks, which attain more companies in a single try.

Many of these attacks are getting led by a handful of higher-profile ransomware gangs. Barracuda’s evaluation of ransomware attacks that occurred amongst August 2020 and July 2021 showed that REvil accounted for 19% of attacks, and DarkSide is recognized to be the lead to of 8%.

Just as we have seen in the previous years, the ransom quantity is growing considerably and now the typical ransom ask per incident is more than 10 million dollars. Only 18% of the incidents had significantly less than $10 million ransom asks, and 30% of the incidents had higher than $30 million dollar ransom asks.

Read the complete report by Barracuda Network.

Originally appeared on: TheSpuzz