Ransomware Strikes Again: Utilities and Industrial Control Systems Targeted

In 2019, targeted ransomware campaigns will focus on utilities and industrial control systems (ICSs). The average payment demand will increase by 6500 percent, from an average of $300 to $20,000 per payment. These attacks will result in dire consequences such as blackouts and loss of access to public utilities.

Over the past year, hackers have shifted to targeted attacks that come with more bags of cash. Launching ransomware against organizations that offer critical services increases the odds that the ransom will be paid.

“In 2019, cybercriminals will target public utilities and ICSs,” says Nachreiner. “These are vital services that have not yet been targeted by widespread ransomware attacks and therefore may not be as prepared for this type of attack. Cybercriminals know that any ransomware that can cause downtime to these services will get swift attention, allowing them to ask for considerably more money in return.”

If these attacks do indeed occur and are successful, we’re talking blackouts and gaps in water and power services — large-scale stuff.

“To summarize, expect to see fewer ransomware attacks next year, but more focused attacks – specifically targeted toward utilities and ICS – with ransom demands increasing by 6,500 percent,” warns Nachreiner.