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Chris Currin

Chris Currin
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Why Ransomware and BEC Attacks Are So Successful

Posted by Chris Currin on Aug 24, 2021

In 2021, ransomware remains an extremely impactful threat, with an estimated attack occurring every 11 seconds. Not only is the frequency of ransomware increasing, but it is reported the average ransom fee has increased from $5,000 in 2018 to $200,000 today, with several recent payouts crossing the $10M mark. With all of the recent spotlight on growing ransomware attack volumes and damages arising from phishing, business email compromise and account takeovers, you would certainly want to believe the cybersecurity industry would be focused on increasing security controls and detection policies to prevent such attacks.

From 2020 to 2021, SecureSky’s Global Threat Intelligence Center found among all clients that while some strides were made, unfortunately, it is still way too easy to infiltrate an organization’s email system.

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