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Why Do Ransomware Attacks Continue To Rise?

By July 20, 2017March 1st, 2023Cybersecurity

The total number of ransomware attacks has seen a massive spike, with nearly 50 percent more attacks against PCs occurring this year than last year. In the same time period, ransomware attacks against mobile devices fell marginally from 137,000 by this point last year to 130,000 this year. However, those numbers are tiny compared to the number of PC-targeted attacks and do little to stem the rising tide.

While there are a number of factors driving the surge, the biggest of these is also one of the simplest: profit. Ransomware is increasingly easy to make, difficult to detect and even more difficult to defend against.

A significant percentage of those infected don’t have good, recent backups in place, and have little choice but to pay the piper and hope the hackers will play fair and restore their files. Even a modestly successful ransomware attack can net the hacker launching it thousands of dollars, and there’s very little in the way of risk or downside.

In addition, hackers are beginning to unite. They’re forming large organizations with tremendous bench strength and a wide range of skills that enable them to constantly improve their software, making attacks even more effective. This is a recipe for disaster guarantees that the number of such attacks will only continue to climb.

A single hacker would find it virtually impossible to launch a globe-spanning attack like the recent Wannacry, or the even more recent Petya attacks. This type of attack takes a robust organization, planning and coordination to pull off successfully, and is a sign of things to come.

Not to say that individual rogue hackers won’t continue to be a presence online, but more and more, attacks are being orchestrated by increasingly well-heeled organizations, and that could spell big problems as time goes by. It also virtually guarantees that next year will see even more attacks of all types (including ransomware attacks) than this year.

Jason Manteiga

Jason J. Manteiga, Vice President of Olmec Systems, has been part of the company for over the past 20 years. He believes that having a great work environment and supportive team, is the ultimate key to success. Since being in the IT realm for over 25 years, Jason, along with Olmec Systems, has been on the Inc. 5000 “List of America’s Fastest Growing Private Companies” and Channel Futures MSP 501 “Top Managed Service Providers in North America,” along with other awards and nominations. Jason earned his Bachelor Degree in Information Systems from the New Jersey Institute of Technology. He also holds certifications in Microsoft MCSE, VMWare VCP, and Cisco CCNA. In his spare time, Jason is a contributor for The Center for Social & Legal Research (Privacy Exchange) and a member of the Morris County Chamber of Commerce. His hobbies include cycling and kayaking. He currently lives in New Jersey with his wife, two daughters and son.