Criminals to Favor Ransomware and BEC Over Breaches in 2021

Criminals to Favor Ransomware and BEC Over Breaches in 2021

Posted December 2, 2020

Criminals to Favor Ransomware and BEC Over Breaches in 2021

  • Cyber-criminals are relying less on stolen personal information and more on “poor consumer behaviors” such as password reuse to monetize attacks.
  • “Cyber-criminals are focusing on cyber-attacks that require logins and passwords to get access to corporate networks for ransomware or Business Email Compromise (BEC) scams. These attacks require less effort, are largely automated, the risk of getting caught is less, and the payouts are much higher than taking over an individuals’ account.”
  • The ITRC warned that pandemic-related identity crimes will continue well in 2021, as stolen identities are used to fraudulently claim unemployment benefit.

– Phil Muncaster | December 2, 2020