• Data Protection

  ‘It’s like the Hydra’: World is about to see wave of cybercrime claims Germans

  Posted by Nigel on 23 May 2021 at 11:30 am

  The world is about to see a wave of new mafia-style ransomware attacks that could potentially target sensitive infrastructure like hospitals or chemical plants, Germany’s cybersecurity agency (BSI) warns.

  “We strongly believe that ransomware attacks will not decrease in the near future,” BSI specialist Dirk Haeger told Germany’s Die Zeit newspaper. Criminals have found new ways of extorting money from their victims by encrypting companies’ sensitive data and demanding ransom for it, he said, hinting that these attacks will be increasingly prevalent in the near future.

  Arne Schoenbohm, the head of the German Federal Office for Information Security, compared the practices to the protection rackets used by the mafia of old – in which the rule was, “if you don’t pay me, I’ll devastate your business,” he said, adding that it will be similar in the digital world, though it will not be about physical property, but data.

  The BSI warns, explaining that the lockdowns forced many companies to allow employees to work from home, reducing their corporate security to the level of the employees’ home computers, which is not always up to industry standards.

  Nigel replied 3 years, 7 months ago 1 Member · 0 Replies
• 0 Replies

Log In to Reply