Ransomware is one of the most prevalent variety of malicious software, found in 39% of malware-related causes. Once the malware is on your computer, your data is then encrypted (essentially locked) and to get your data back, you would need to come up with a “ransom” normally in the form of Bitcoin. Even though a ransom is asked of you and even if you pay it, you STILL may not get your data back.
Major Findings in Summary
- The human factor continues to be a key weakness as employees are still falling victim to social attacks.
- Phishing attacks cannot be ignored, a cybercriminal only needs one victim to get access into an organization’s network.
- Based on Verizon’s dataset, ransomware started impacting critical systems rather than just desktops. Due to this, cybercriminals are asking for higher ransoms for less work.
- 72% of attacks were perpetrated by outsiders, 27% involved internal staff, 2% involved partners and 2% featured multiple partners. Organized crime groups still account for 50% of the attacks analyzed.
What Does This Mean?
“Ransomware remains a significant threat for companies of all sizes,” says Bryan Sartin, Executive Director of Security Professional Services, Verizon. “It is now the most prevalent form of malware, and its use has increased significantly over recent years. With all this happening and cybercriminals becoming smarter, businesses continue to still not invest in the proper security training or professional security protection.