The latest report from the NCSC and NCA has found that hackers could begin locking smartphones, watches and TVs, and then demand ransom for the release of these devices. Andy Norton, Risk Officer – EMEA at Endpoint protection specialist SentinelOne commented below.
Andy Norton, Risk Officer – EMEA at SentinelOne:
“Clearly the tactic of ransoming things is here to stay, and the footprint of what is available to ransom is only getting bigger too.
In fact, a device may not be the limit of this. In May 2018, GDPR comes into force with fines amounting to 4% of revenue or 20,000,000 euros, for companies suffering a data breach. We see data breach information every day on the dark markets for sale and, instead of making this data available for sale, criminals could ransom the affected company for a smaller sum of money than the GDPR fine, in return for not causing harm to victims of the data breach and making it public knowledge.”