Cyber Extortion Thriving Thanks to Accellion FTA Hits
May 20, 2021
May 3, 2021
Compliance
euroinfosec) • April 27, 2021
Average and median ransom payments per quarter, based on thousands of cases investigated (Source: Coveware)
The zero-day attacks against Accellion File Transfer Appliance users have rewritten the rules of the cyber extortion game, adding a new supply chain trick to ransomware gangs arsenal that they re sure to repeat.
Proof of success comes in the form of illicit revenue. In the first quarter of this year, the average cyber extortion payoff reached $220,298, a 43% increase from the previous quarter, ransomware incident response firm Coveware reports, based on thousands of cases it s helped investigate.