25 May 2023

The success of ransomware gangs has spurred a significant trend of professionalisation amongst cyber criminals, where different groups develop specialised services to offer one another, according to a new report from WithSecure™ (formerly known as F-Secure Business).

Ransomware has been around for decades, but the threat has continuously adapted to improvements in defences through the years. One notable development is the current dominance of multi-point extortion ransomware groups, which employ several extortion strategies at once (usually both encryption to prevent access to data and stealing data to leak publicly) to pressure victims for payments.