Ransomware in finance: from encryption to double extortion

FintechBy: Parsa Aghabarari2 min readSource: ENISA
Ransomware in finance: from encryption to double extortion

1Introduction

Ransomware encrypts data and demands payment; ENISA consistently ranks it among top threats.

2Discussion

Double extortion steals data before encryption; ransomware-as-a-service spreads tools to affiliates.

Entry: phishing, weak remote access, unpatched edge devices, stolen credentials; attackers then hunt backups.

Controls: fast patching, MFA, segmentation, offline/immutable backups with tested restores, EDR.

3Conclusion

A written response plan determines whether it stays contained.

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Sources

  1. ENISA ↗
  2. Civilica ↗
همفکران فناوری شریفThis article summarises the official sources cited, prepared by the Hamfekran Fanavari Sharif team for finance leaders.
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