TOP > News > Research Suggests Ransomware is Down Due to COVID-19
April 22, 2020 Updated

The number of successful ransomware attacks has decreased to a level not seen in several years.

April 22, 2020 – Ransomware attack in the US is down during Q1 2020, according to a report by malware lab Emsisoft. The firm attributes this to the ongoing public health crisis due to COVID-19. It remarks that the number of successful attacks has decreased to a level not seen in several years.

Emsisoft reported that because non-essential services are paused due to COVID-19, it may have effectively reduced organizations’ attack surface. Furthermore, while work from home (WFH) may have introduced new vulnerabilities, it may have also posed challenges for ransomware groups.

The number of successful ransomware may have also been reduced because companies now may not have the money to pay.

Still, Emsisoft said ransomware normally has seasonal aspect with successful attacks frequently happening at certain times of the year. Because of that, the company thinks this relief from ransomware attacks may only be temporary.

Ransomware is a type of malicious software that blocks access to a computer (or a group of computers) until a sum of money is paid.

In Q1 2020, Ransomware is identified as one of the top cyberthreats in the ASEAN region. This is in addition to cryptojacking, which has emerged as a new threat due to the growing use of cryptocurrency.

Sources: Coindesk, Emsisoft

This article is published on BitPinas: Research Suggests Ransomware is Down Due to COVID-19


About BitPinas:

BitPinas is an independent blockchain, finance, and cryptocurrency news site covering the crypto and blockchain news and developments in the Philippines. We aim to be the website where you can find all information on blockchain and crypto in the Philippines. We are read by investors and enthusiasts alike, including crypto/blockchain company founders and government personnel. Contact support@bitpinas.com for more information, consulting advice, and partnerships. Follow us on Facebook and Twitter.

Contact and Subscribe to BitPinas:

  • Subscribe to our newsletter delivered every Monday, Friday, or when there’s breaking news you need to read on your email.
  • Join BitPinas on Telegram
  • Follow on Facebook and Twitter for the latest news and updates
  • Disclaimer: All articles on BitPinas must be treated as not an investment adviceReaders are encouraged to do their own research. This website is not responsible for any loss incurred by the reader, nor will it take credit for their gains.
  • For news tips, partnership discussions, or press release submissions, please send to support@bitpinas.com

Leave a Reply