2020 SonicWall Cyber Threat Report – Ransomware by Location

2020 SonicWall Cyber Threat Report – Ransomware by Location

In some places ransomware is getting better. But in others, it’s
getting much worse. In terms of total ransomware, the United
States had far more than any other country, with nearly 80
million ransomware attacks.

This is more than 13 times the number of ransomware attacks in
the next-highest country, U.K.

Like the country-level data, the state-level data shows
one region far outpacing the rest when it comes to total
ransomware attacks. Maryland had roughly twice as many
ransomware attacks as the next-highest state, Michigan.
In response to a string of high-profile ransomware attacks,
including one that held the city of Baltimore’s computer
systems hostage for 36 days, Maryland has been working to
pass laws strengthening penalties for ransomware operators in
an attempt to reverse this trend.

Small, but Mighty

While these ransomware numbers may seem small,
it’s worthwhile to remember a few things. One, they’re
growing — and two, the stakes are rising.

According to The New York Times, ransom demands
are skyrocketing: the cities of Riviera Beach and Lake
City, both in Florida, recently paid out $600,000 and
$500,000 ransoms respectively, and in early July,
cybercriminals demanded a staggering $14 million
ransom from Brazilian power company, Light S.A.

To make matters worse, many ransomware operators
have taken to selling or otherwise releasing company
data if the organization refuses to or cannot pay.

Even for companies that cooperate with the criminals’
demands, the trouble often doesn’t stop when the
ransom is paid. Many organizations pay the ransoms,
only to find their files are irretrievably corrupted or have
been wiped out altogether. Ransomware attacks are so
devastating that they’ve forced a number of companies
out of business.

See how the experts at CisCom can help you with this and more!

Blog content for the 2020 SonicWall Cyber Threat Report series provided by our partners at SonicWall.