What is ransomware?
According to TrendMicro, “Ransomware is a type of malware that prevents or limits users from accessing their system. This type of malware forces users to pay the ransom through certain online payment methods in order to grant access to their systems, or to get their data back.”
- Ransomware is readily-available and changes faster than detection technologies can respond
- In most cases, paying ransom is the only way to free hostage data and systems
- Recent successful ransom situations will only encourage more attempts
- Cryptocurrencies such as Bitcoin can be used to force untraceable ransom payments
- Humans are widely susceptible to phishing, the most commonly used ransomware attack vector
How does ransomware affect businesses?
Cofense co-founder Aaron Higbee explains ransomware and its business impact on CNBC:
How susceptible are your users to the top active threats?
With phishing still the #1 entry point for cyber-attacks, your defenses need to focus on the most pressing threats—active phishing campaigns that are probing your organization. This report breaks down the Top 10 threats, with metrics showing how well users respond to each.
Budgets Booming to Combat Ransomware
Businesses are expected to spend nearly $82 billion on security products and services this year. Despite this, 62% of organizations say they don’t have enough budget to adequately protect themselves from cyber threats. Aligning your organization’s resources and strategies with emerging security threats, such as ransomware and phishing, is critical for preventing data breaches. Our infographic, “Human Vetted Intelligence” gives a visual overview of these statistics and more.
A Look Back at 2017 and a Look Ahead
Like any threat, malware evolves. Last year saw WannaCry, NotPetya, and Shamoon (again)—and those were just the malware threats that commanded global headlines. To stay in front of ransomware, credentials theft, and more, download the Cofense Malware Review. Get insights from Cofense Intelligence on how the malware is steadily changing. Discover the trends defining it in 2017 and priorities for defending your network going forward.
It’s not easy to keep up with today’s threats. Now, with Cofense Threat Alerts, you’ll have a simple way to stay on top of emerging phishing and malware threats and attacks, all delivered straight to your inbox. FREE.