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“Use of cryptocurrency miners is on the rise in the world of cybercrime,” Trend Micro Vice President of Cloud Security Mark Nunnikhoven told SC Media. “We haven't yet seen them coupled with ransomware, but that combination is one that's likely to surface.”

In most of the newly observed attacks, Locky has been distributed alongside another ransomware family calked FakeGlobe, also known as Globe Imposter, Trend Micro says.

According to Trend Micro Inc., FakeGlobe is a form of ransomware that encrypts different files to that of Locky, meaning that potentially victims could be forced to pay up for both infections.

BEC attacks generated $5.3 billion in global losses between 2013 and 2017, Trend Micro researchers reported earlier this year.

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.