Ransomware has become one of the most insidious threats in the past couple of years, with actors scaling up their operations to the point that the average ransom demand increased more than 10 times in one year.
There are well over a dozen operators in the ransomware-as-a-service (RaaS) game, each with a host of affiliates that focus on enterprise targets across the world.
Since the infamous GandCrab group called it quits in mid-2019, the ransomware landscape changed drastically. The RaaS model they introduced is now the norm, paving the way for professional attackers with a clear strategy to make money.
Huge jumps in ransom demand
The year-over-year evolution of the ransomware threat is visible in terms of the ransom demand as well as the tactics, techniques, and procedures (TTPs) used by the attackers running big-game ransomware operations.
In a report today, cybersecurity company Group-IB analyzed how this threat changed in just one year since 2018. They adopted a wide range of initial access vectors, increased their ransom demands, and started to steal files from victims before encryption for further leverage to force a payment.
According to the report, ransomware attacks in 2019 increased by 40% and the focus on larger targets drove the ransom price from $6,000 to $84,000, two of the greediest families being Ryuk and REvil (Sodin, Sodinokibi).
In 2020, though, the price has increased even more. Data from Coveware, a company that handles ransomware incidents, shows that the average increased in the first quarter of the year even more, to ..
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