• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechCybersecurity

A Top Cybersecurity Firm Says Ransomware Attacks Are Getting Worse

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
February 25, 2016, 11:05 AM ET
76510511
Hand on computer mouse over laptop touch padPhotograph by Altrendo via Getty Images

Hackers have been destroying more corporate data or encrypting it for ransom instead of merely stealing it, a top cyber security firm said.

FireEye Inc (FEYE), the U.S. company most widely known for its Mandiant arm’s investigations of high-profile breaches, said in a report on trends over the past year that so-called ransomware had afflicted hundreds of companies in addition to consumers.

Less commonly, hackers have been using destructive tools like those that temporarily crippled Sony Corp’s (SNEJF) Sony Picture Entertainment networks and also hurt Sands Las Vegas Corp, FireEye said.

“I definitely would not characterize it as common, but it is something we are seeing more of,” Mandiant Vice President, Marshall Heilman said. “There are a couple more [victim] companies that haven’t gone public.”

Heilman also said that Chinese attacks have gone down as a percentage of the cases that Mandiant is working, though that might be largely because attacks from Russia and elsewhere are becoming more common.

The Unites States and China reached an agreement last year to cooperate on reducing economic cyber-espionage, and some security companies have noted a decrease or at least shift in operations from China.

About the Author
By Reuters
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.