Cybersecurity Predictions for 2023 (Part IV) – Rise of Multi-Vector Extortion Techniques
Ever since the introduction of CryptoLocker in 2013, the term “ransomware” continues to attract dubious headlines across the globe within news cycles. At the time, CryptoLocker was an emerging form of ransomware that perfected the monetizing of malware by restricting access to infected computers and demanding that the victim provide a payment to decrypt and recover files. Due to the increasing popularity of cryptocurrencies, CryptoLocker was a trailblazer in that it sought its ransom in the form of Bitcoin. Prior to this (Bitcoin) point, “payment collection” had been the weak-link in ransomware’s chain-of-events and execution.
Over the years, cybercriminals have significantly expanded on the extortion techniques first used by CryptoLocker. More recently, we have witnessed a ‘double extortion’ technique where malware authors hold victims’ data for ransom and threaten to release the information publicly if a large ransom isn’t paid. The Thirtyseven4 EDR Security Threat Lab has already witnessed a new Triple Extortion approach, where infected organizations, business partners and their clients are contacted separately and being told to pay the ransom to prevent their personal information from being shared to the public. The most obvious targets for triple extortion ransomware are the healthcare sector, government-entities, insurance agencies and other companies holding sensitive customer data, which can be penalized for violating laws, regulations, and other privacy acts.
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If you’re interested in receiving a non-obligation quote for Thirtyseven4 EDR Security, please complete the form located at:
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We are grateful to be serving over 2,400 schools, businesses and non-rofits across the Nation and Thirtyseven4 EDR Security cares for our customers! We want the higher level of Security and Service for you and Thirtyseven4 EDR Security is it.
Thirtyseven4, LLC is dedicated to serving customers with a full palette of security solutions including AntiVirus, AntiMalware, Anti-Ransomware and Zero-Day Threat Protection.
