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Ransomware against Municipalities, over 170 'victims' in the world

At least 174 municipal institutions and over 3,000 organizations were targeted worldwide

Ransomware against Municipalities. 2019 was the year of attacks aimed at municipal institutions. This was revealed by the well-known Russian antivirus production company Kaspersky.According to the company's security experts at least 174 Municipalities and beyond 3,000 organizations related, have been targeted by ransomware, with a 60% increase compared to 2018.

And cybercriminal ransom demands sometimes reach up to $ 5 million, although estimates of damage taken and actual cost of attacks are significantly higher.

The ransomware a known type of malware that restricts access to the device it infects and has become a repeated and worrying problem for the corporate sector. As if that were not enough, 2019 saw a rapid development of an already known trend of this threat, namely to target municipal organizations.

According to what emerged from the information made public, the ransom amounts varied considerably, reaching up to $ 5,300,000 and attending on average a $ 1,032,460. These figures do not accurately portray the final costs of an attack, as the long-term consequences are much more expensive.

The best known ransomware against Municipalities

ransomware against municipalities

Cybercriminals with a malicious virus target a device, encrypt data making it illegible to the owner and to return it to users or companies they have to pay a ransom ( 'Ransom'). In the case of the affected municipal institutions, the cause to be charged to three well-known ransomware families: Ryuk, purge is Stop.

It is very important to remember that paying the ransom is a short-term solution which, in addition to encouraging criminals to continue with this activity, provides them with economic resources to finance new attacks. In addition, it should be taken into consideration that when a Municipality suffers an attack, the entire infrastructure is compromised and it is necessary to request an accident investigation and a thorough audit "hascommented Fedor Sinitsyn, Kaspersky's security researcher. "Although the attacks on Municipalities are growing, it is possible to stop this trend by adapting the approach to cyber security, first of all by refusing to pay the ransom and then communicating this decision with an official public declaration".