Many in the cyber security industry believe that ransomware activity has entered its plateau phase. The majority of security researchers are of the mind that cryptovirological activity reached its zenith last year in the form of the worldwide assaults, WannaCry and SamSam. Millions of dollars have been spent on ransomware removal and recovery measures following these attacks.

Such wide-scale ransomware activity has not been reported this year. It is, in fact, true that this year is faring way better than the last one in connection with ransomware assaults. However, this doesn’t indicate in any way that the threat of ransomware has gone for good.

Fewer Ransomware Attacks are being Reported

There also exists another opinion on decreased cryptovirological activity. Some cybersecurity experts are of the mind that fewer ransomware attacks are being reported nowadays. They suggest efficient ransomware measures are being constantly developed, which has helped users fix the issue without reporting it anywhere.

It is also true that many affected companies don’t want to have their reputations tarnished by reporting cryptovirological attacks. They quietly manage ransomware removal measures in order to avoid customer attrition. Reporting data breaches or system lockdowns is certainly not good news for the business repute of the affected company.

Ransomware is Being Replaced by Cryptojacking

Some cybersecurity experts also think cybercriminals have shifted their focus to cryptojacking. It’s a malware activity that hacks devices to stealthily use their computing power to mine cryptocurrencies. This malicious cyber activity has become popular in the last few months. Cryptojacking is easy as compared to carrying out a successful ransomware attack.

Notwithstanding the current digital landscape, it is too soon to say that ransomware is dead. In fact, we are going to discuss a report in the next blog which gives some startling figures regarding ransomware activity this year.