Ransomware gangs target corporate financial activities

Ransomware gangs target corporate financial activities

Ransomware gangs infiltrate publicly owned companies by threatening financial exposure in an effort to promote ransom payments, the FBI warns.

In a warning, the Bureau said the actions over the past year reflect the trend towards companies when it comes to “significant, long-term financial events,” such as quarterly earnings reports and the introduction of a SEC mandate, for the first time, community contributions, M&A work, and so on.

The idea is to attach six screws to fraud by threatening to leak stolen information associated with these events if the target does not pay. Upcoming events that could affect the victim’s stock value, such as announcements, mergers and acquisitions, encourage ransomware players to direct the network or adjust their timeline for fraud.

Read More:threatpost

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