Ransomware is now going after billion-dollar targets

In order to maximize their earnings, ransomware groups have started focusing their efforts on businesses that pull in over $1 billion in revenue, new research has claimed.

Studying more than two dozen ransomware operators, a report from cybersecurity vendor Trend Micro highlighted that the Nefilim gang has managed to extort the highest revenue thanks to its “ruthless focus” on the billion-dollar corporations.