According to the federal cybersecurity centre, criminals who hold data for ransom are anticipated to employ new strategies to boost their chances of getting paid, such as threatening a target’s business partners or clients.
According to the Canadian Centre for Cyber Security’s threat forecast for 2023–2024, cybercrime is still the online activity most likely to have an impact on Canadians and their enterprises.
According to the study, ransomware assaults, which encrypt or hold digital files hostage until a ransom is paid, are almost likely the most disruptive kind of cybercrime that Canadians are now dealing with.
According to the centre, cybercriminals very likely believe that by threatening a victim’s clients or business partners, they can put more pressure on the victim to pay the ransom.
The centre makes note of one cybercriminal organisation that has been known to carry out denial-of-service assaults during payment negotiations, adding to the pressure. This gang has targeted victims in Canada.
The report also says the state-sponsored programs of China, Russia, Iran, and North Korea pose the greatest strategic cyberthreats to Canada, including efforts against diaspora populations and activists in Canada..
According to an agency, cybercriminals may entice Canadians with state-sponsored threats and new approaches.
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