Responsible for one of the most notorious worldwide malware infections ever, WannaCry ransomware is still actively used by cyberattackers today. Four years ago this month, it decimated networks around the globe, from entire healthcare systems to banks and national telecommunications companies.

1. Crypto ransomware or encryptors are one of the most well-known and damaging variants. This type encrypts the files and data within a system, making the content inaccessible without a decryption key.


WannaCry Was The Most Common Crypto Ransomware Attack Last Year


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The WannaCry ransomware attack was a worldwide cyberattack in May 2017 by the WannaCry ransomware cryptoworm, which targeted computers running the Microsoft Windows operating system by encrypting data and demanding ransom payments in the Bitcoin cryptocurrency.[5] It propagated by using EternalBlue, an exploit developed by the United States National Security Agency (NSA) for Windows systems. EternalBlue was stolen and leaked by a group called The Shadow Brokers a month prior to the attack. While Microsoft had released patches previously to close the exploit, much of WannaCry's spread was from organizations that had not applied these, or were using older Windows systems that were past their end-of-life. These patches were imperative to organizations' cyber security but many were not implemented due to ignorance of their importance. Some have claimed a need for 24/7 operation, aversion to risking having formerly working applications breaking because of patch changes, lack of personnel or time to install them, or other reasons.

Researcher Marcus Hutchins[56][57] discovered the kill switch domain hardcoded in the malware.[58][59][60] Registering a domain name for a DNS sinkhole stopped the attack spreading as a worm, because the ransomware only encrypted the computer's files if it was unable to connect to that domain, which all computers infected with WannaCry before the website's registration had been unable to do. While this did not help already infected systems, it severely slowed the spread of the initial infection and gave time for defensive measures to be deployed worldwide, particularly in North America and Asia, which had not been attacked to the same extent as elsewhere.[61][62][63][64][65] On 14 May, a first variant of WannaCry appeared with a new and second[66] kill-switch registered by Matt Suiche on the same day. This was followed by a second variant with the third and last kill-switch on 15 May, which was registered by Check Point threat intelligence analysts.[67][68] A few days later, a new version of WannaCry was detected that lacked the kill switch altogether.[69][70][71][72]

However, three years after the WannaCry worm, the cost of bouncing back from highly targeted ransomware and APTs is at an all-time high. This is incredibly disconcerting. Last year, the average recovery cost for a data breach was $3.92 million, according to 2019 Cost of a Data Breach Report. The cost to recover from a highly destructive attack was $239 million, or 61 times more expensive than an average incident involving data loss.

We have seen a significant growth in cyber criminality in the form of high-profile ransomware campaigns over the last year. Breaches leaked personal data on a massive scale leaving victims vulnerable to fraud, while lives were put at risk and services damaged by the WannaCry ransomware campaign that affected the NHS and many other organisations worldwide. Tactics are currently shifting as businesses are targeted over individuals and although phishing attacks on individuals are increasing, fewer are falling victim as people have become more alert.

Because the distinction between nation states and criminal groups is increasingly blurred, cyber crime attribution is sometimes difficult. Russian-language criminals operating ransomware as a service continue to

be responsible for most high profile cyber crime attacks against the UK. Although young criminals are often driven by peer kudos rather than financial reward, organised UK cyber crime groups are motivated by profit.Cyber criminals seek to exploit human or security vulnerabilities in order to steal passwords, data or money directly. The most common cyber threats include:

According to the 2023 report, the deployment of backdoors, which allow remote access to systems, emerged as the top action by attackers last year. About 67% of those backdoor cases related to ransomware attempts, where defenders were able to detect the backdoor before ransomware was deployed. The uptick in backdoor deployments can be partially attributed to their high market value. X-Force observed threat actors selling existing backdoor access for as much as $10,000, compared to stolen credit card data, which can sell for less than $10 today.

Extortion Pressure Applied (Unevenly)

Cybercriminals often target the most vulnerable industries, businesses, and regions with extortion schemes, applying high psychological pressure to force victims to pay. Manufacturing was the most extorted industry in 2022, and it was the most attacked industry for the second consecutive year. Manufacturing organizations are an attractive target for extortion, given their extremely low tolerance for down time.

Thread Hijacking on the Rise

Email thread hijacking activity surged last year, with monthly attempts by threat actors doubling compared to 2021 data. Over the year, X-Force found that attackers used this tactic to deliver Emotet, Qakbot, and IcedID, malicious software that often results in ransomware infections.

With phishing being the leading cause of cyberattacks last year, and thread hijacking's sharp rise, it's clear that attackers are exploiting the trust placed in email. Businesses should make employees aware of thread hijacking to help reduce the risk of them falling victim.

Mind the Gap: Exploit "R&D" Lagging Vulnerabilities

The ratio of known exploits to vulnerabilities has been declining over the last few years, down 10 percentage points since 2018. Cybercriminals already have access to more than 78,000 known exploits, making it easier to exploit older, unpatched vulnerabilities. Even after 5 years, vulnerabilities leading to WannaCry infections remain a significant threat. X-Force recently reported an 800% increase in WannaCry ransomware traffic within MSS telemetry data since April 2022. The continued use of older exploits highlights the need for organizations to refine and mature vulnerability management programs, including better understanding their attack surface and risk-based prioritization of patches.


Unlike other crypto ransomware, Petya encrypts the file system table rather than individual files, rendering the infected computer unable to boot Windows. A heavily modified version, NotPetya, was used to carry out a large-scale cyberattack, primarily against Ukraine, in 2017. NotPetya was a wiper incapable of unlocking systems even after the ransom was paid.


Until 2022, most ransomware victims met their attackers ransom demands. For example, in IBM's Cyber Resilient Organization Study 2021, 61 percent of participating companies that experienced a ransomware attack within two years of the study said they paid a ransom.

2013: The modern era of ransomware begins with CryptoLocker inaugurating the current wave of highly sophisticated encryption-based ransomware attacks soliciting payment in cryptocurrency.

2019: Double- and triple-extortion ransomware attacks begin to rise. Almost every ransomware incident that the IBM Security X-Force Incident Reponse team has responded to since 2019 has involved double extortion.

Some of the most common attacks include phishing, whaling, malware, social engineering, ransomware, and distributed denial of service (DDoS) attacks. Read more below to get a sense of the most common cyberattacks.

And according to the state of ransomware 2022 report from Sophos, 66% of the organizations surveyed were hit with ransomware in 2021, an increase of 29% compared to 2020. 90% of those organizations said the attack mostly impacted their ability to operate and among the private sector organizations, 86% said it caused a loss in revenue.

During the Baltimore ransomware attack of May 7, 2019, the American city of Baltimore, Maryland had its servers largely compromised by a variant of ransomware called Robinhood. Baltimore became the second U.S. city to fall victim to this new variant of ransomware after Greenville, North Carolina, and was the second major US city with a population of over 500,000 people to be hacked by ransomware two years after Atlanta was attacked the previous year.

Fast-forward a few years to see the evolution of ransomware, enabled by the rise of the internet, society's shift to an interconnected digital world and the introduction of cryptocurrency. Malicious actors organized. Ransomware as a service (RaaS) emerged. Double and triple extortion attacks became the norm.

NCC Group's Global Threat Intelligence team reported a record 502 ransomware attacks in July 2023 -- a 16% increase from the 434 attacks in June 2023 and more than twice the number of ransomware attacks observed in July 2022. Malwarebytes' "2023 State of Ransomware" report also found record totals of ransomware, counting 1,900 total attacks in just four countries -- the United States, France, Germany and the United Kingdom -- in one year, with the U.S. accounting for almost half of those attacks.

Quantifying the biggest attacks, therefore, can be difficult. The following is a list identified by TechTarget Editorial as the 10 most impactful ransomware attacks to date, listed in alphabetical order.

The attack on Colonial Pipeline became one of the most famous ransomware attacks due largely to its impact on everyday Americans, with those living in Southeast states suddenly facing gas supply shortages.

Colonial Pipeline, owner of a pipeline system carrying fuel from Texas to the Southeast, suffered a ransomware attack on the computer systems that managed the pipeline. DarkSide attackers accessed the systems through a compromised credential for a legacy VPN. Working with the FBI, the company paid a $4.4 million ransom within hours of the attack. The impact lasted for days, however, as the company struggled to fully restore operations. be457b7860

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