Malicious hacker attacks have increased sharply in the past several months, ranging from ransomware to ‘wiper’ malware, IBM says…
Back in May, the city of Baltimore was hit by a RobinHood ransomware attack, resulting in the loss of $8 in revenue, as well as $10 in recovery costs. The municipal government is still trying to bounce back today.
Such malicious attacks municipal and state governments have become almost commonplace. But, these high-profile incidents obscure a much larger trend, according to IBM’s X-Force Incident Response and Intelligence Services team.
Malicious Hacker Attacks have More than Doubled, IBM Team Reveals
Although these headline-grabbing scenarios do show the seriousness of attacks, they don’t reveal the full scope of the problem. That is, a steep rise in destructive malware attacks, perpetrated over the past six months.
The tech company states the cases of destructive malware have increased by 200 percent from January to July this year, in comparison to the same period in 2018. What’s more IBM notes:
“Of those destructive malware cases, 50% targeted organizations in the manufacturing industry. Other sectors significantly affected included oil and gas and education. Most of the destructive attacks we have observed hit organizations in Europe, the United States, and the Middle East.”
Additionally, ransomware attacks have gone up by a whopping 116 percent, the IBM report states.