15% of Ransomware Victims Paid Ransom in 2019, Quadrupling 2018

15% of Ransomware Victims Paid Ransom in 2019, Quadrupling 2018
Increasing sophistication of ransomware attacks might be forcing victims to open their wallets.

Fewer survey respondents reported ransomware attacks in 2019 than in 2018, according to a recent Dark Reading survey. Yet, the number reporting that they paid an attackers' ransom nearly quadrupled -- rising to 15% of those that had suffered a ransomware attack.


Ten percent of respondents stated that their organization had suffered a ransomware attack (down from 12% in the 2018 study). Of those, fifteen percent said that they paid the ransom, up from just 4% last year.   


Ransomware attacks are becoming increasingly severe and sophisticated. As Jai Vijayan wrote for Dark Reading last month:


Some recent developments include growing collaboration between threat groups on ransomware campaigns; the use of more sophisticated evasion mechanisms; elaborate multi-phase attacks involving reconnaissance and network scoping; and human-guided automated attack techniques. ...


In many attacks, threat actors have first infected a target network with malware like Emotet and Trickbot to try and gather as much information about systems on the network as possible. The goal is to find the high-value systems and encrypt data on it so victims are more likely to pay.


If we look at the big picture, we ..

Support the originator by clicking the read the rest link below.