December 20, 2024

Ransomware Evolves: Data Deletion Attacks on the Rise

Peter Smith

Peter Smith

Author
Curious Entrepreneur | Father of two but feels like 12 | Perin Discovery Co-Founder
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Ransomware attacks are shifting focus, with new hacker groups using malware to delete data rather than encrypt it. These chaos-driven attacks target businesses without strong backups, risking devastating losses. With ransomware still a top threat, staying ahead of these tactics is critical for survival.

5 Key Takeaways:

  1. Destructive Intent: New ransomware gangs prioritize deleting data over encrypting it, causing irreparable harm.
  2. Emerging Threats: Less skilled hackers leverage malware-as-a-service to wreak havoc.
  3. Backup Failures: Companies without functional backups face total economic loss.
  4. Policy Challenges: Despite "do not pay" policies, 69% of affected companies still paid ransoms in 2024.
  5. Future Outlook: Ransomware remains a growing threat, with no relief expected in 2025.

Attribution:
Based on “Data Deletion Enters the Ransomware Chat” by Julia Mutzbauer, Editorial Manager at CSO.

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