Ransomware: More and Smarter Scams Coming Soon

Danny Palmer reports for ZDNet:

petya-ransomware.jpgRansomware is here to stay and is only going to get more dangerous as cybercriminals move towards increasingly sophisticated forms of the cryptographic malware to carry out targeted attacks.

This grim forecast is made by Kapersky Lab in its newly released Ransomware in 2016 – 2017report – but it isn’t all completely bad news, because researchers believe that the competition the underground ransomware market will lead to some families being killed off in an “intra-species massacre”.

Cybercriminals are still making plenty of money by exploiting victims with ransom demands ranging from a couple of hundred to a couple of thousands dollars. But many of these types of attack use random large-scale spam email campaigns in the hope of luring in victims.

Now, however, some criminals are specifically targeting a specially selected enterprise network, infecting them via specially crafted phishing emails then extorting much higher ransom payments from victims.

READ MORE…

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