Tag: remote encryption attacks
British Library breach highlights new threat
The British Library, which houses about 14 million books plus manuscripts and items dating back to 2000 BC, was forced offline in October after refusing to pay a £600,000 ransomware demand. According to The Financial Times, the digital destruction caused by the “deep and extensive” ransomware attack means that the world-renowned library will now be forced to pay ten times that sum to rebuild its online services at a cost of £6 million to £7 million, taking it offline for up to a year. The British Library breach is further evidence of the devastating speed of the latest generation of ransomware attacks. Cybersecurity firm Sophos’s State of Ransomware 2023 report says that threat actors now succeed in encrypting data in 76 percent of ransomware attacks, up from 65 percent in 2022. According to Sophos, there has also been a 62 percent year-on-year rise in intentional remote encryption attacks since 2022