Crypto ransomware attacks have increased as more people work from home
By Bob Garcia
People need to be more aware than ever of their online activities
As a result of the coronavirus pandemic, many people moved to work from home as a safety measure to adhere to social distancing requirements. However, the fact that more people are at home gives hackers more opportunities to commit digital attacks. According to a recent study published by cybersecurity firm Proofpoint, there has been an increase in cryptocurrency ransomware attacks, particularly using the email phishing method to deliver the ransomware during the past few months.
These attacks seem to be finding vulnerabilities in the fact that people are working from home. The research also indicates that the ransom demands are typically lower compared to the large amounts usually seen. The most common targets are people who reside in the US, France, Germany, Greece and Italy. One ransomware application called “Mr. Robot” is one of those that has been targeting both people and companies in the US for a while now. Based on the research, this application has been changing the target of their attacks to home users who have become the main victims. The amounts requested are as low as $100 in Bitcoin (BTC).
Another ransomware called Avaddon has sent over one million messages in just one week. This group behind the malware is also known to target US companies and individuals, as well. Interestingly, this application requests payments of around $800 in cryptocurrency, mainly Bitcoin. Added to that, the system even has 24/7 support for victims so they can get assistance on how to pay the required amount, as well as how crypto works.