State and city governments are in the crosshairs of cybercriminals because they tick a lot of boxes. Though they have multiple layers of security technologies deployed, but it only takes one instance of human oversight (or more accurately, humans being manipulated) to trigger an attack with far-reaching consequences. A new research by Barracuda Networks, which examined the 71 global ransomware incidents over the last 12 months, finds that Local government bodies are more likely to be targeted by ransomware attacks than any other type of organization.
It was noted that 44% of global ransomware attacks that have taken place so far in 2020 have been aimed at municipalities, which is virtually the same proportion as in 2019 (45%). Barracuda highlighted the attack on Redcar and Cleveland council’s computer system in the UK as references, which considered to have cost the local authority over £10m.
It’s not just attacks that are on the rise: Ransoms and ransom payments are, too. In many cases, ransoms are now more likely to be paid, and these payments often surpass a million dollars. Of the cases studied, 14 percent were confirmed to have paid the ransom, and the average payment was $1,652,666. In one extreme example, Garmin was reported to pay $10 million in ransom.