Ransomware evolves from mere extortion to ‘psychological attacks’

May 7, 2024

Ransomware infections have morphed into “a psychological attack against the victim organization,” as criminals use increasingly personal and aggressive tactics to force victims to pay up, according to Google-owned Mandiant.

“We saw situations where threat actors essentially SIM swap the phones of children of executives, and start making phone calls to executives, from the phone numbers of their children,” Charles Carmakal, Mandiant’s CTO, recounted during a Google Security Threat Intelligence Panel at this year’s RSA Conference in San Francisco on Monday.

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