The skyrocketing cryptocurrency has caused frequent DDOS extortions, how to deal with DDOS protection

DDOS protection has become more and more important nowadays, and threat actors have been looking for opportunities in the current bullish trend of Bitcoin to increase their blackmail activities. Unless they pay for the Bitcoin ransom, hackers will actively threaten the company and launch DDoS attacks.
According to the alert issued by the security company, there have been several reports of DDoS blackmailers in the first week from December 2020 to January 2021. Claims that the event is part of a global event that began in August last year. However, after the crypto bull market seen in the past few months, the wave of blackmail letters has increased dramatically, coming from the same actors. It is reported that most companies did not report such incidents to the media in August and September 2020.
In the first batch of bitcoin ransom letters sent by hackers, there was a piece of content as follows: "We are asking to pay 10 bitcoins to avoid DDoS attacks on your entire network. It has been a long time overdue, and we have not received the payment. Why? Will this happen? Is there any problem? Do you think your DDOS protection can mitigate our attacks? Do you think this is a prank, or we will give up? Anyway, you are all wrong." The
threat actors sent the first batch At the time of the letter, the value of Bitcoin was approximately $10,000. However, it was noticed in the latest round of blackmail letters that hackers have realized the skyrocketing price of BTC. They then increased their extortion and said: "We will treat you well and will not increase your fees. In fact, since the price of Bitcoin has increased by more than 100% since the last time, we will temporarily reduce the fee to 5 [Bitcoin]! For the time being! Yes, yes, give us 5 [Bitcoins] and we are gone! “DDoS ransomware is an “indispensable part of the cyber threat environment”.
This type of threat should represent the level of concern for enterprises. Someone made the following comment :
"Ransom DDoS or DDoS blackmail campaigns are traditionally a seasonal event. They run for a few weeks each year for specific industries/companies, and then threat actors usually give up. The 2020/2021 global blackmail DDoS campaigns represent these strategies Strategic transformation of the country. Since mid-2020, DDoS ransomware has now become an indispensable part of the threat landscape of almost all industry organizations."
In the past few months, the encryption industry has also been directly affected by the field of cybercrime. According to previous media reports, a DDOS protection security company has discovered three malicious encryption applications aimed at users to steal users’ funds.
Many DDOS protection security consulting companies said: The current Internet environment is becoming more and more complex, network attacks are becoming more and more frequent, and the impact and losses caused by major Internet companies are also increasing. In order to ensure the stable operation of the server, it is recommended to choose A professional network security company will perform DDOS protection. Don't wait until the server crashes to find a way. The loss at that time will be irreparable.
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