Ransomware isn’t always about gangs making money. Sometimes it’s about nations manufacturing mayhem.

Ransomware is fundamentally about reaping massive profits from victims — payments were on pace to cross the billion-dollar threshold in 2021, according to the U.S. government — but there are signs foreign government-connected groups are increasingly moving into a territory dominated by criminal gangs, and for an entirely different motive: namely, causing chaos. Research that Microsoft and cybersecurity company CrowdStrike recently publicized separately concluded that Iranian hackers tied to Tehran had been conducting ransomware attacks that weren’t about making money, but instead disrupting their enemies. It echoed research from last spring and summer by FlashPoint and SentinelOne, respectively. When disruptive ransomware pays off, those who have studied the phenomenon say, it can embarrass victims. It can be used to steal data and leak sensitive information the public. It can lock up systems, disabling targets. And given the prominence of ransomware, it’s another method that foreign intelligence and military agencies can use […]

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Ransomware Trends: Six Notable Ransomware Attacks from 2021

The security community witnessed triple-digit growth in the number of publicly disclosed ransomware incidents in 2020. As noted in a previous blog post on Five Things You Need to Know About Ransomware Attacks, ransomware attacks grew 715% in H1 20… Continue reading Ransomware Trends: Six Notable Ransomware Attacks from 2021