UK ransomware attacks double in past year

News and information from the Advent IM team.

Ransomware attacks have more than doubled in the past year, driven by their increasing profitability for scammers.

New data from international law firm RPC revealed that the number attacks reported to the Information Commissioner’s Office has increased 100 per cent from 326 in 2020 to 654 in 2021.

Attacks often bring operations to a standstill, resulting in a number of corporates being forced to pay a ransom in order to have their data decrypted.

Finance, insurance and credit and Education and Childcare were the hardest hit sectors.

RPC said that sectors that are privy to sensitive financial data are often at the highest risk of being targeted by gangs.

Read via City AM


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