10% of organizations that experience a ransomware attack pay the ransom to cybercriminals and thus finances an average of others nine attacks. The data emerges from “What Decision Makers Need to Know about Ransomware Risk”the latest research Trend Microleader globale di cybersecurity.
“Ransomware is a major cybersecurity threat to businesses and governments today and is constantly evolving, so we need more accurate and data-driven methods to address the risks associated with this type of attack.” he stated Alex Galimi, Sales Engineer of Trend Micro Italy. “This new research is intended to help IT decision makers better understand risk exposure and provide institutional leaders with the information they need to develop more effective defense strategies.”
The study describes threats from strategic, tactical, operational and technical perspectives, as well as leverages advanced data science to list the characteristics of cybercriminals. These characteristics can be used to compare ransomware, assess risk, and model cybercriminal behavior.
Research reveals that by prioritizing protection, continuing in-depth analysis of ransomware ecosystems, and focusing global efforts on reducing the rate of victims who pay the ransom, organizations and institutions could help reduce the profitability of ransomware. The study data also allows managers to better assess the possible financial risks that arise from ransomware.
This would allow:
The study was jointly produced by Trend Micro and Waratah.io and applies data science approaches to information gathered on the web and thanks to host-based telemetry, as well as in underground forums, bitcoin sites, financial transactions and chat logs. The research also integrates the analysis of criminal business processes, with the ultimate goal of discovering the new trends and ways of operating of the ransomware ecosystem.
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