Early ransomware attacks demanded a ransom to unlock the data or a device. Hackers currently, however, often initiate "double extortion" attacks that demand a ransom to both unlock data and prevent the publication of the data. (Credit: Yanawut Suntornkij/Shutterstock.com)
Not only have ransomware and cyber extortion attacks been on the rise since the beginning of the pandemic, but ransom payment demands have climbed, as well. According to Verizon's 2021 Data Breach Investigations Report: "The major change this year with regard to action types was Ransomware coming out like a champ and grabbing third place in breaches (appearing in 10% of them, more than doubling its frequency from last year)."
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