What often begins as an employee clicking a seemingly innocuous link in their email can result in a crisis that brings multibillion dollar businesses to their knees.
a ransom of $4.4 million in cryptocurrency to DarkSide, the Eastern European criminal organization the FBI said is behind the attack.
Just a few weeks later, as some analysts still mulled over whether the payout set a bad precedent, the world's largest meat processor, JBS, wasJBS revealed that it had been the target of an"organized cybersecurity attack" that a White House spokesperson confirmedThe entrance of Colonial Pipeline Company in Charlotte, N.C., May 12, 2021. A ransomware hack disrupted gas supplies in several states after the company was targeted.
"The fact that this kind of activity is happening with a relatively high frequency and also all signs sort of leading back to Russia, that is very disturbing," Ali added.Experts say there are two primary motivations behind ransomware attacks: political and financial. Cryptocurrency, Stamos said, is easy for companies to purchase. Hackers know this and leverage that when holding data for ransom.
Stamos added that ransomware hackers are"effectively conglomerate platforms, of which they provide a bunch of different tools, and then they allow affiliates to do the work on top of them." Ready-made software and utilities exist on the so-called"dark web" that a tech-savvy user could access to bring a company's productivity to a standstill, according to Dr. Vikram Sethi, a professor, cybersecurity researcher and the former director of the Institute of Defense Studies and Education at Wright State University.
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