Home » Amount of Crypto Demanded as Ransom Jumped by 200% in 2019

Amount of Crypto Demanded as Ransom Jumped by 200% in 2019

Amounts of funds demanded as ransom by attackers sharply rose 200% from 2018 to 2019, according to a study revealed by digital forensics firm, Crypsis Group.
news - Amount of Crypto Demanded as Ransom Jumped by 200% in 2019

Amounts of funds demanded as ransom by attackers sharply rose 200% from 2018 to 2019, according to a study revealed by digital forensics firm, Crypsis Group. The median amount of funds demanded as ransom is $115,123.

The study discovered that attackers select victims which are able to pay large sums and their attack tactics are adapted very well to overcome defense strategies adopted by victims.

According the report, Ryuk ransomware was the most popular variant in 2018, while 2019 saw the rise of “highly effective” ransomware variants, such as Ryuk, Sodinokibi (or “REvil”) and Phobos.

As previously reported, the Australian public research university RMIT has partnered with IBM, Palo Alto Networks, and Stone & Chalk to offer a graduate certificate in and graduate certificate in blockchain-enabled business. The programs are expected to start in October this year and will last for nine months. 

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