Among the targets are high-profile companies like Garmin whose online services recently ground to a halt for four days after the company was infected with ransomware.
picture alliance/picture alliance/Getty Images
An unprecedented number of people working from home and businesses transitioning their operations online have greatly increased the number of potential access points for hackers.
Phishing is still hackers' first choice
The bulk of infections are still coming through malicious links sent via email. Many of those scams have attempted to use COVID-19 to their advantage by convincing users they're in receipt of important information, usually from a government agency.
SEAN GLADWELL/Moment/Getty Images
As a result of remote work, malware targeting IoT devices is up by 50 percent year-over-year.
Experts say that hackers are now using "double extortion" methods that exfiltrate a victim's data before demanding a ransom. That data is then published online as a means of coercing victims into paying up.
zf L/Moment/Getty Images
“It's a double-whammy... at the end of the day, ransomware in this particular form can become extremely dangerous.”
Mark Ostrowski, Check Point Security
Without proper safeguards, experts say there's still room for ransomware to continue growing.
“With the amount of potential victims out there that are perhaps clicking on things out of emotion I don’t see a decrease around the corner.”