Canada spy agency: Ransomware attacks soar, hackers set to become more aggressive


CSE, citing attacks on North American health facilities and a US pipeline, said the scale and scope of ransomware operators represented both security and economic risks to Canada and its allies. — 123rf.com

OTTAWA: Global ransomware attacks increased by 151% in the first half of 2021 compared with 2020 and hackers are set to become increasingly aggressive, Canada’s signals intelligence agency said on Monday.

The Communications Security Establishment (CSE), citing attacks on North American health facilities and a US pipeline, said the scale and scope of ransomware operators represented both security and economic risks to Canada and its allies.

“Ransomware operators will likely become increasingly aggressive in their targeting, including against critical infrastructure,” said a report issued by the Canadian Centre for Cyber Security, a unit of CSE.

The agency said it knew of 235 ransomware incidents against Canadian victims from Jan 1 to Nov 16 this year. More than half of these victims were critical infrastructure providers.

In 2021, the global average total cost of recovery from a ransomware incident has more than doubled to C$2.3mil (RM7.68mil).

“Ransom payments are likely reaching a market equilibrium, where cybercriminals are becoming better at tailoring their demands to what their victims are most likely to pay,” CSE said.

The agency reiterated previous statements that actors in Russia, China and Iran posed a major threat.

“Russian intelligence services and law enforcement almost certainly maintain relationships with cybercriminals, either through association or recruitment, and allow them to operate with near impunity as long as they focus their attacks against targets located outside Russia,” it said. – Reuters

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Tech News

How 3D-printed filters could limit pollution from tumble dryers
App-titude for productivity
Finger-nibbling robots; heartbeat detecting lightbulbs: Strange inventions on show at CES 2022
Who’s watching? How governments used the pandemic to normalise surveillance
Cryptocurrency is volatile, yes. But is it just a trend, or here to stay?
Hot mic on Internet livestream catches US judge ridiculing attorney after hearing
Experts say teens should be limited in time they spend on social media
What is the 'Locket' app? New widget adds loved ones to homescreen
Remember Covid-19 phone alerts? California app ignores at-home tests, missing exposures
Apple to require employee proof of COVID-19 booster -The Verge

Others Also Read


Vouchers