Asia Pacific (APAC) region remains as one of the top targets for Ransomware 2.0 attacks globally in 2020, with increasing Ransomware Evil (REvil) and JSWorm attacks, says global cybersecurity company, Kaspersky.
According to Alexey Shulmin, the company’s lead malware analyst, 635 of the 1,764 Kaspersky users targeted by the REvil group were companies and individuals from the APAC region.
“Vietnam, mainland China, and India were the top three most attacked countries in the APAC region, followed by Indonesia and Korea. Other countries in the top 10 REvil attacks in APAC include Japan, Thailand, the Philippines, Malaysia, and Australia,” Shulmin said during a webinar called entitled ‘Emergence of Ransomware 2.0 in the APAC region’.
Kaspersky announced the spread of Ransomware 2.0 in December, emphasizing the severity of attacks in comparison to the first versions of ransomware families and attacks.
Ransomware 2.0 is defined by Kaspersky as groups that transitioned from holding data hostage to exfiltrating data while blackmailing. Following events may include the payment of a ransom. A successful attack results in significant monetary loss as well as a damaging reputation loss.
According to Shulmin, the biggest industries targeted by the REvil attackers were the engineering and manufacturing sectors, comprising 30% of the attacks. This is followed by the financing sector (14%), professional and consumer services (9%), legal, information technology (IT) and telecommunications (7%), as well as food and beverages (7%).
While there is still no clear reason why the Asia Pacific (APAC) region is highly targeted with ransomware in 2020, cybersecurity firm Kaspersky advises organizations to strengthen their cyberdefenses.