21/03/2021
Perhaps the only industry that showed significant growth in 2020 was those involved in Ransomware hits. If anything the pandemic meant that could take greater risks which, according to Palo Alto Networks Unit 42 lead to a significant increase in revenue. The average ransomware demand was USD $ 312,493 in 2020 compared to the USD $ 115,123 in 2019. The highest amount officially disclosed as being paid was $ 10 M double that from the previous year. I am aware that one major ASX company was hit twice in the space of a few months early last year.
Hospitals & Healthcare facilities along with government agencies were the most targetted with many suffering the dual-threat of not being able to access their data but the possible release of that encrypted information out into the open. It is not just major companies that are under threat a small Manufacturing company in the US was hit when the network was locked down. The stark choice facing the owner was either pay-up or see his business close and 20 odd staff lose their jobs. He was fortunate in that the cybercriminals were prepared to negotiate the ransom but not everyone is as fortunate. More than likely that 2021 will see that growth continue.