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March 17, 2022

Understanding The Latest Trends in Ransomware Attacks

When it comes to ransomware, or cyberattacks in general, many people are unaware of the many types businesses and individuals encounter. Not all attacks are alike, with some hackers devising unique strategies to steal data, exploit programs, or disable critical digital infrastructure.

In 2021, a small group of programs caused the greatest amount of chaos in the business world. ZDNET recently published an article highlighting the most common types of ransomware attacks over the last year, referencing analytical data produced by Intel 471. According to Intel 471’s findings, almost 70% of attacks,from a sample of 722 reported incidents between 10/21-12/21, used four major strains of malicious programming. The most frequently used programs found in ransomware attack samples included LockBit 2.0 (29.7%), Conti (19%), PYSA(10.5%) and Hive (10.1%).

Intel 471’s research data also made some other interesting discoveries. For instance, roughly a quarter of the sampled ransomware attacks were directed at consumer and industrial products, a significant rise from the previous year. This line of attack is becoming popular for hackers, as service disruptions for consumer products put pressure on businesses to give in to demands, or run the risk of losing valued customers.

While it may seem like ransomware is winning, these insights provide a greater understanding into the minds of hackers. By understanding the most commonly used programs and deployment methods, businesses and security experts have a greater chance of deflecting an attack.

Sun Tzu famously wrote, “Know your enemy”.  To truly stay protected from ransomware, staying up to date with  commonly used programs and tactics is a necessity. Additionally, business leaders, employees, and everyday consumers must remember to follow essential computer security habits to cut off any chance of success for ransomware campaigns.

Edited by Maurice Nagle

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