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Data Heist: Hackers Ditch Ransomware for Speedy Data Theft!
Ransomware gangs are shifting tactics from encrypting data to data exfiltration, a method that’s faster and less risky. Instead of demanding ransoms, cybercriminals now profit by selling stolen information. Organizations should deploy threat monitoring and maintain backups to mitigate these risks. Data exfiltration is becoming the new favorite among cybercriminals.
Hot Take:
It seems that ransomware gangs have taken a page out of the book of career advice: work smarter, not harder. Why go through the trouble of encrypting databases and waiting for that much-coveted Bitcoin payday, when you can just grab the data and run to the dark web? These cybercriminals are the new-age data collectors, except instead of surveys, they’re mining your personal info. Who knew they’d be so efficient?
Key Points:
– Cybercriminals are pivoting from encrypting databases to data theft.
– Data exfiltration is faster and less risky, taking only 48 to 90 minutes.
– Law enforcement efforts often complicate traditional ransomware activities.
– Stolen data can be sold or used for social engineering attacks.
– Organizations should implement threat monitoring and maintain regular backups.
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