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22h ago

Ransomware Gangs Escalate Extortion With Physical Violence and Regulatory Threats

Nearly half of recent attacks feature threats of violence against executives or regulatory filings under stricter SEC reporting rules.

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Overview

  • Seventy-eight percent of organizations were targeted by ransomware in the past year, with 56 percent of those incursions resulting in successful encryption.
  • Physical harm threats against executives appeared in 40 percent of cases globally and in 46 percent of incidents involving US firms.
  • Threats to file regulatory complaints surfaced in 47 percent of attacks worldwide and in 58 percent of US-based cases exploiting tightened disclosure requirements.
  • Sixty-nine percent of global victims and 81 percent of US victims paid ransom demands despite growing investment in cyber resilience.
  • Fifteen percent of paying organizations received no usable decryption keys or corrupted keys and 73 percent of victims endured repeat attacks, including 31 percent hit three or more times.