In recent years, ransomware attacks have steadily increased. These incidents – which result in cybercriminals compromising a device or server and requiring a large payment before restoring the technology (as well as all data stored on it) to the victim – are one of the most damaging cyber-attack methods, resulting in an average of $ 1
As these attacks become more common, many ransomware technologies have also emerged. Specifically, dual blackmail ransomware attacks are now a potential cybersecurity issue for organizations across industry boundaries. This technology follows a similar protocol as for a typical ransomware attack, but comes with an extra threat – the victim must pay a ransom not only to regain access to their technology and data but also to prevent data from being uploaded publicly online.
Double blackmailing of ransomware attacks is of particular concern, as these incidents may further pressure organizations to meet password requirements to keep their data private. Review the following guidelines to learn more about how double blackmail ransomware attacks work and what your organization can do to prevent such an attack.
How Double Extortion Ransomware Attacks Work
To outline the general framework for a double extortion ransomware attack, this technique begins like most other ransomware incidents, where a cybercriminal first gains access to the target device or server ̵
In contrast to a typical ransomware incident, however, these consequences are twofold. Failure to pay the ransom can lead to a permanent cybercrime restricting the victim's access to their technology and sensitive data, as well as the public sharing of this information on the Internet. Although double blackmail of ransomware attacks can occur in any organization, these incidents are most common in facilities that store a significant amount of sensitive data. This includes healthcare facilities, financial institutions, government organizations and large retail companies.
Double blackmail of ransomware attacks can be significantly more harmful to affected organizations than typical ransomware incidents. This is because even if organizations have protocols in place (such as storing data in multiple secure locations) that allow them to recover their compromised information without paying a ransom, they may still be pressured to do so to prevent that their data is published. After all, a data breach can lead to additional consequences – including reputation for reputation, legislative fines and class actions.
In addition, cybercriminals who carry out double extortion of ransomware attacks are known to demand higher ransom payments, sell or trade stolen data to other attackers for future extortion attempts and still continue to share data publicly even after the ransom has been paid (either it is intentional or accidental) – which makes these attacks all the more harmful.
Prevent Double Blackmail Ransomware Attacks
When it comes to combating double blackmail ransomware attacks, it is important to prioritize standard ransomware prevention measures. This includes conducting routine employee training on how to detect potential ransomware risks (such as suspicious emails or attachments), implementing policies prohibiting browsing unsafe websites on organizational servers or devices, and installing adequate security features on all workplace technologies (eg virtual private network, antivirus software, data encryption software, e-mail spam filter, internet firewall and patch management system).
In addition to these important preventative measures, the best way to reduce the risk of double-clicking ransomware attacks is to establish an effective IT incident response plan for your organization. This plan should explicitly address dual extortion scenarios for ransomware attacks and describe measures that employees should take to limit the damage during such an event.
Finally, it is important to ensure adequate insurance coverage for ultimate peace of mind in a ransomware attack. A dedicated cyber insurance can offer much-needed support and resources when an attack occurs, minimizing potential damage and financial consequences to your organization.
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