These consumers could be at greater risk of identity theft because “the more data an attacker has, the harder it is to stop them,” said Mark Nunnikhoven, a vice president with Internet security company Trend Micro.
Uncovered by cyber security researchers at Trend Micro, the nature of the campaign means it's possible for victims infected by one form of ransomware to still be vulnerable to a further attack from the next one in the rotation.
"Government regulation is the only way this is going to happen," William Malik, vice president of infrastructure strategies at Trend Micro said on the panel. "Automobiles didn't get safer until the government regulated them."
The first half of the year saw a continued surge in ransomware, Business Email Compromise (BEC) and other threats, with Trend Micro blocking over 38 billion during the period, it claimed in a new report.