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Ransomware Attacks Continue Record Growth In 2017

By Vigilize | Friday, July 14, 2017 - Leave a Comment

As attacks rise, global damages are expected to reach $5 Billion.


An Article Review.


ServIcons_ITAudit_01We’re only halfway through 2017 but endpoint security firm Barkley has already come out with a look at the year in ransomware, which isn’t surprising since it feels like we’ve already experienced a year’s worth of news on the subject since January!

The article, which was submitted to us by Wes Pollard at Home Bank, is a trend piece breaking down some of the headline trends in ransomware, which has grown to become a threat for individuals and organizations of all types–and systems of seemingly all types as well, from smartphones to smart TVs.

Among the more dire headlines from the piece include the fact that over 70 percent of businesses targeted by malware end up being infected, defeating in-place security. The report goes on to suggest that in cases where infection does occur, half involve over twenty employees and that the average ransom payout is now just over $1,000. If that wasn’t enough, impacted businesses lose access to data for an average of two days, and in one-in-five cases a ransom is paid only to have the files remain locked.

With ransomware now the dominant attack online one thing that is clear is that anyone without up-to-date backups and an updated incident response plan is risking downtime and lost income should the worst happen.

 


Original article by Jonathan Crowe writing for Barkly.


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