Ransomware Costs Double on the Backs of Sodinokibi and Ryuk

Ransomware continues to be a major bane facing enterprises and government organizations, with the latest high profile victim being Travelex. The currency exchange suffered a Sodinokibi attack, which left some of the company’s online services offline for three weeks. Another new worry for those tasked with securing networks is that ransomware operators are now not only encrypting data but stealing it and threatening, in some cases actually, releasing the data to the public. Researchers spend time analyzing the code behind the malware but what of the costs associated with an infection? Often for CEOs, CFOs, and stakeholders this is often the most important factor when looking to come through such an infection relatively intact. Coveware, a security firm specializing in all aspects of ransomware, often answers that very same question. In a recent report, researchers have analyzed and compiled data from the fourth...

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