Categories: EducationRansomware

BitSight Identifies Six Industries Prone To Ransomware Attacks

There is nothing more worrisome than having to deal with another ransomware report. This type of malware has instilled fear in so many hearts that people are legitimately afraid of what the future may hold. A new report by BitSight goes to show that the educational sector will remain the prime ransomware target. The government, healthcare, and financial enterprises complete the top four.

Six Primary Sectors For Ransomware To Date

Contrary to what most people tend to believe, the educational sector is very prone to malware attacks. Although schools have been dealing with minor ransomware incidents this year already, they will become the primary target for internet criminals. These IT systems are very poorly secured, and can easily be abused by criminals. Moreover, these systems cannot remain locked down forever, and payment of the Bitcoin ransom is usually guaranteed.

Unfortunately, schools and universities are not the only ones who have to worry about ransomware. There are other sectors prone to intrusion, including healthcare, governments, and the financial sector. This latter industry is no surprise at all, as banking trojans and malware have become synonymous with finance these days.

But that is not all, as ransomware developers are targeting other vital industries. The retail sector, while often confronted with credit card fraud, will not be pleased to hear ransomware is growing more prominent. This can range from hijacking small stores’ systems to shutting down major retailer backends because somebody opened a malicious email attachment.

The BitSight Ransomware Report  states the following:

Related Post

“Ransomware is a legitimate threat, with estimates from the U.S. Justice Department showing that over 4,000 of these attacks have occurred every day since the beginning of 2016. While several ransomware attacks on healthcare companies have made headlines this year, the issue is more widespread.”

Nipping these attacks in the bud is of the utmost importance to individuals and corporations right now. Unfortunately, most IT departments are untrained or understaffed to do something about these threats. Far too many computers and other devices are connected to the Internet, while they do not need to be.

Image credit 1

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Starknet Introduces STRK20 To Bring Built-In Privacy To ERC-20 Tokens

The team behind Starknet has introduced a new token standard aimed at solving one of…

2 days ago

Meta Acquires Moltbook, A Social Network Built For AI Agents To Interact And Coordinate

In a move that highlights the growing race to build infrastructure for autonomous artificial intelligence,…

2 days ago

Polymarket Partners With Palantir To Develop AI Platform For Sports Betting Integrity

Prediction market platform Polymarket has entered a new partnership with Palantir Technologies and artificial intelligence…

2 days ago

Ethereum Foundation Begins Staking Treasury ETH Using Bitwise Infrastructure

The Ethereum Foundation has begun staking part of its treasury, marking a significant step in…

3 days ago

Cyberconnect And SurfAI Founder Reportedly Under Investigation In China

Fresh reports circulating in the crypto space suggest that Wei Jiequan, better known as Wilson…

3 days ago

Virtuals And dAI Launch ERC-8183 To Enable Trustless Agentic Commerce On Ethereum

The infrastructure powering autonomous AI agents on Ethereum is slowly coming together. Payments, trust layers,…

3 days ago