Global Crisis: A Cyberattack Every 11 Seconds in 2021

Ransomware is now a global crisis, with its effects rippling throughout every sector from private business to governments to schools - there isn’t an industry that has gone untouched by cybercrime. 

With the 2020 pandemic, along came a significant increase in malicious cyber activity – a trend that has now echoed through to 2021. Cybercriminals collectively launched a record-breaking 5.4 million DDoS attacks in the first half of 2021 alone, with many opting for new triple-extortion tactics by combining DDoS with ransomware allowing one group to obtain $100,000,000 across the early 2021 period.

Notable attacks included the Lazarus Bear Armada, a DDoS extortion campaign that continues to target a wide range of organisations with the intent of profiting off the attack. From this stemmed a new extortion attack conducted by a threat actor known as Fancy Lazarus who often attacks the DNS servers operated by ISPs. These two ongoing incidents have contributed to the 125% increase in DDoS extortion reported by the Worldwide Infrastructure Security Report.

DDoS mitigation services such as NETSCOUT and their partner Neustar have reported that over 35 of their customers received a DDoS extortion demand typically from either the Lazarus Bear Armada or Fancy Lazarus campaigns, with 50% of reporting businesses operating in the financial sector, with the other 50% consisting of shipping & logistics, manufacturing, healthcare, ISPs, gambling, retail, and more.

Large-scale operations such as the Lazarus Bear Armada and Fancy Lazarus are a key indicator of the rate at which DDoS and ransomware extortion are ravaging the online world, and thousands of smaller-scale attacks are launched daily against small businesses. Global leaders such as President Biden are pushing for a worldwide push in cybersecurity to combat the increased threat levels.

Cybersecurity and DDoS protections are a necessity now more than ever, and failure to protect your networks appropriately will cause significant financial repercussions. Cybercrime is becoming more intelligent and innovative every day, and it takes a similar innovation to defend yourself against what’s to come.

RedSpam is a leading provider in cybersecurity and DDoS mitigation, aiming to provide affordable mitigation services to fit your network’s requirements. We pride ourselves in offering tailored solutions to customers of all sizes. Contact a RedSpam specialist today to discuss your network requirements.