Crypto currency ransom attacks surged.
In Chainalysis’ ‘2021 Crypto Crime Report’, the company reported a 311% increase from 2019 to 2020 in the amount paid by ransomware victims into deposit addresses. As companies and small businesses scrambled to find a solution or at the very least a additional level of protection, cloud services became a greater and more reliable option. Cloud companies shave also had to up their software and infrastructure to protect from the growing threat. Offering education to the growing user’s lists of how to protect their data and information, data encryption, setting up app and data recovery, applying critical server patches, following set security standards, and having automated response systems in place. To help protect your data, you should always enable encryption of the data and segment your workflow so that authorized systems and users have limited access to use the key material to decrypt the data.” There are numerous articles written about this that you you should be aware of: Bitcoin extortion: How cryptocurrency has enabled a massive surge in ransomware attacks – MarketWatch