Just when everybody thinks that the cases of online fraud and people being victimized of scams will be decreasing because people would have empathy towards each other amidst this global pandemic, we have been proved wrong. In the area of ransomware attacks, not only have the incidences increased even if everybody is encouraged to stay indoors, the average size of ransomware payments has been on the uptrend. The increase of ransomware payments is not only just incremental but quite significant. The average payment to ransomware attackers in the 2nd quarter of 2020 according to a report by Coveware, has increased by 60% from the first quarter of this year, which is now at US$170,000. The trend, which has leaned towards increases, may be attributed to the various new options in tactics and the rise of new software. Ransomware attacks have become tailored to the targets, which thus have made them all the more dangerous and damaging.
Moreover, according to the Coveware report, a recent development in the second quarter of 2020 is the emergence of attackers who do not …