The Reality Of Ransomware: An In-depth Study

Only 4% of those who took part said they were very confident in their ability to stop Ransomware, with a sizeable portion weighing in at the 78% somewhat or fairly confident mark. 58% of UK companies said they’d paid a ransom to release their files, which isn’t an optimal strategy by any stretch of the imagination. There is, of course, ultimately no guarantee that they’ll give you a method of decrypting the files anyway victims are entirely at the Ransomware authors mercy.

We recently sponsored a deep-dive study conducted by Osterman Research on the subject of Ransomware, and the results are a stark insight into one of the biggest problems facing both enterprise and home networks at the moment.

Some key UK-centric findings:

Only 4% of those who took part said they were very confident in their ability to stop Ransomware, with a sizeable portion weighing in at the 78% “somewhat or fairly confident” mark. 58% of UK companies said they’d paid a ransom to release their files, which isn’t an optimal strategy by any stretch of the imagination. Paying up simply encourages the scammers to keep at it, and handing over money is no guarantee you’ll get the files back anyway.

While most Ransomware authors seem to realize there is a twisted logic in being “honest” (nobody will continue to pay if they don’t get their files back), there are numerous script kiddies out there building utterly broken pieces of Ransomware and it’s not uncommon to see fails fail to decrypt. There is, of course, ultimately no guarantee that they’ll give you a method of decrypting the files anyway – victims are entirely at the Ransomware author’s mercy.

Image courtesy of malwarebytes.com

Author: WITS Curators

Bo Washington is a Certified Computer Specialist and the owner and operator of Washington IT Solutions, a local Bartlesville computer repair company. He has been fixing computers since the late 90's and has clocked up thousands of hours performing hardware upgrades, system builds, software installations, virus and spyware removal using the most up to date techniques and general computer services.

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