As an onslaught of ransomware attacks accelerates, cybercriminal organizations are demonstrating increasing levels of sophistication and guile. Most recently, the Federal Bureau of Investigation (FBI) revealed that some hackers are targeting organizations facing time-sensitive financial events to maximize leverage over their victims. These events include planned earnings report releases as well as mergers and acquisitions (M&A).
Seeing as how ransomware gangs are increasingly operating like businesses themselves (albeit in a distinctly criminal manner), it only makes sense that they would seek to improve their negotiating position by applying pressure to their counter-parties at the most inopportune times. Due to the massive potential sums that can be extorted, this threat will continue to metastasize.
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