Zach Varnell, senior application security consultant at cybersecurity provider nVisium, told InternetNews that cybercriminals are incentivized to continue running DDoS attacks if even a small fraction of ransoms are paid.

“This sometimes includes making good on their promise to attack those who don’t pay up,” Varnell said. “Financial services were originally hit hard by these DDoS ransom threats and for obvious reasons are rich targets for cybercrime. Since there are far more online retailers than financial institutions today – and multiplied in their online presence due to COVID 19 – it’s highly likely that targeting this industry is now becoming a lucrative source of ransom threats through DDoS attacks.”

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