Ransomware attacks continue to grow, according to data from IBM, which also suggests that ransomware gangs are upping their ransomware demands and getting more sophisticated about how they calculate the ransom they try to extort.
The number of ransomware attacks IBM's Security X-Force Incident Response team were called in to deal with tripled in the second quarter of this year compared to the previous quarter, and accounted for a third of all security incidents it responded to between April and June 2020. "Ransomware incidents appeared to explode in June 2020," said a report by the company's security analysts.
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June alone saw one-third of all the ransomware attacks the IBM team has remediated so far this year. The report said ransom demands are increasing rapidly, with some reaching as high as $40 million. It revealed that Sodinokibi ransomware attacks account for one in three ransomware incidents IBM Security X-Force has responded to so far in 2020.
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IBM said it has observed a general shift in ransomware attacks. Ransomware hits manufacturing companies hardest, it said, and that these account for nearly a quarter of all the incidents responded to this year, followed by the professional services sector and then government.
"Attacks on these three industries suggest that ransomware threat actors are seeking out victims with a low tolerance for downtime, such as manufacturing networks. Organizations that require high uptime can lose millions of dollars e ..
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