Ransomware Attackers Claim 98 percent of Payments in Bitcoin

Ransomware Attackers Claim Percentage of Payments in Bitcoin
Ransomware Attackers Claim 98 percent of Payments in Bitcoin

Although cybersecurity is becoming a more important agenda item for large companies every year, data indicates that SMEs do not see cyber attacks such as ransomware, which increased by 13% last year, as a risk. Experts advise businesses to prepare against cyber threats and use centralized systems.

As emerging technologies change and strengthen existing forms of cyber attacks, cyber security is becoming a more important agenda item for all companies day by day. Verizon's 2022 Data Breach Investigation Report provides an up-to-date picture of breaches. The report shows that in 2021, ransomware attacks increased by 13%, while the one-year increase in ransomware attacks, which accounts for a quarter of all cybersecurity breaches, is more than the sum of 5 years. While it is noted in the report that three of the 5 attacks affect supply chains, it is stated that 82% of the attacks involve the human factor.

Sharing his evaluations on the data, Berqnet General Manager Hakan Hintoğlu said, “A serious break in ransomware attacks, which started in 2017, is seen to be increasing after 2019. Ransomware attacks, which have turned into one of the most threatening forms of attack for businesses at the point we have reached today, target companies of all sizes. Small and medium-sized businesses that do not pay due attention to their cyber security investments for reasons such as costs or lack of workforce are more vulnerable to losses compared to large companies.

Only 5% of SMEs see cybersecurity as a risk

Research conducted by CNBC with small and medium-sized businesses (SMEs) found that only 5% of businesses rank cybersecurity as a major risk. Emphasizing that SMEs are more open to phishing and ransomware attacks because they do not have high security budgets and advanced expertise, Hakan Hintoğlu said, “There is data showing that small and medium-sized enterprises are 350% more exposed to attacks targeting human errors, which are evaluated under the category of social engineering. Knowing that the systems of these enterprises are more vulnerable to attacks, hackers turn to more than one SME, thinking that it is easier and more profitable, rather than targeting an advanced security infrastructure. In order not to be the target of such attacks that disrupt business processes and slow growth, every company, regardless of scale, needs to invest in cybersecurity. The Secure Access Service (SASE) architecture, which brings together many solutions that a company needs in terms of cyber security and is offered with a service model, is the most suitable solution for SMEs with its scalable structure and easy applicability.

Cryptocurrencies are used for ransom

Saying that malicious people prefer cryptocurrencies such as Bitcoin for ransom demands, Berqnet General Manager Hakan Hintoğlu concluded his evaluations with the following statements: “98% of ransom payments are made with Bitcoin. The volatile nature of cryptocurrencies, which allows attackers to hide their identity and title, also increases the costs of companies. While threats and risks increase so much, businesses need to be one step ahead of cyber attackers and use the cyber security approaches of the future. The SASE architecture, which Gartner predicts will have the strategies for adoption by three out of five organizations by 2025, enables centralized management of network and security operations. This simplifies complex network and cyber security processes. Covering solutions such as Zero Trust, Secure Internet Access, Central Management, Software Defined Wide Area Network, SASE offers the network security, traceability and management they need from SMEs to holdings and businesses of different sizes, from a single platform, with a service model, thanks to its applicability to all digital systems and easy scalability. ”

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