The attack was a ransomware infection that infected and then encrypted some of the company’s back-end servers. On Valentine’s Day, a cyber-attack crippled some business operations at INA Group, Croatia’s biggest oil company and largest gas station chain.
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The gang claimed to have accessed the company’s computer network six months previously, enabling it to download 5GB of sensitive customer data – including dates of birth and credit card numbers. The company had to take down its websites in 30 countries as a result.Ī ransomware gang called Sodinokibi (also known as REvil) was behind the attack, demanding $6 million from Travelex.
Hackers started the year with an attack on foreign exchange company Travelex, forcing the company to turn off all computer systems and rely on pen and paper. Here, we review some of the most recent ransomware attacks 2020, from January through to December. Many companies don’t disclose ransomware attacks or, if they do, won’t reveal the attackers’ demands. While some organizations choose to pay ransomware demands, it is generally not recommended as there is no guarantee that access to infected systems will be restored and by paying up, victims further incentivize these forms of cyberattack. They differ from extortion campaigns, which use distributed denial of service (DDoS) to overwhelm targets with traffic with the promise of stopping their onslaught in exchange for payment. Ransomware attacks are those which use malware to encrypt the data and files of targets. Ransomware attacks are not just a concern for organizations such as businesses, governments, and healthcare providers – they also affect customers and employees, whose data is often the collateral damage of these types of attacks. By the end of 2021, it is estimated that a business will be targeted by a ransomware attack every 11 seconds, causing up to $20 billion in damage.