Ryuk Ransomware & Government Agencies
Cyber extortion has become an attack of choice for hackers. It is estimated that attacks cost the US more than $7.5 billion in 2019 and malware attacks is expected to increase. As of now, U.S. law generally does not prohibit paying a ransom, but this may change in the future.
First discovered in mid-August 2018, Ryuk is a type of ransomware that penetrates a target and uses encryption to block access to files, systems, or networks until a ransom is paid. These ransomware attacks cause significant damage, including data loss, disruption of service, downtime, damage to the enterprise or organization’s reputation, and loss of revenue. Currently, Ryuk ransomware is one of the most prevalent variants in the government agency threat landscape, with infections steadily increasing.
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