Wednesday, September 4, 2019

The Rise of Municipal Ransomware in Local Governments

Last month's coordinated ransomware attacks against 23 cities in Texas reflect a troubling trend for America's cities: bad actors are addicted to the payoff.

In the 30 years since the first ransomware attack, the digital environment has changed beyond recognition, and it will only continue to mutate-by next year, approximately 30 billion devices will be connected to the Internet, and by 2025, almost 5 billion people will have access to the web.

Attackers also make use of new ransomware strains like "Ryuk" and "SamSam" that target and infect entire organizations, and the demands for money increase exponentially.

SamSam's ransomware extortions average about $50,000 per attack.

Despite the current advice of the FBI Lake City, Florida paid its ransomware attackers over $460,000 in Bitcoin this year.

Ransomware attacks could be game-changers in the electoral process.

AI-enabled techniques like automated "Spear phishing" will let attackers program phishing attacks at scale, increasing the odds of success.


https://www.city-journal.org/ransomware-attacks-against-cities

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