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Ransomware Like before Major Problem in Threat Landscape

 

Ransomware is still a very big problem globally, as 54% of organizations polled had become victims during 2017 while an additional 31% are apprehended to get victimized during the forthcoming period. Sophos, a worldwide security and network company ran a survey titled "The State of Endpoint Security Today," which found the mean number of respondents impacted with ransom software was hit twice.

 

Participants within Sophos' survey included 2,700 plus IT personnel from mid-sized enterprises within ten countries of Mexico, Canada, USA, UK, Germany, France, South Africa, Japan, Australia, along with India. The number of respondents from India was 300 - located inside Hyderabad, Mumbai, Delhi, Chennai, Kolkata and Bengaluru. The employee participants belonged to different sectors i.e. telecom and technology, IT, financial services, production and manufacturing, professional and business services, among others. The participants belonged to organizations having 100 to 5,000 consumers.

 

As per the survey results, those affected with ransomware in 2017 encountered a mean total cost of $133,000. The mean total cost for Indian organizations accounted for $1.17m., the highest and which went for rectification of the attacks. This was over and above the ransoms demanded while comprised device cost, manpower, downtime, network cost as well as lost opportunities.

 

Now by ransomware it means malicious program which blocks access to a system by its owner while demands ransom to recover that access. Security experts attribute growth in ransomware to the expanding utilization of Bitcoins the popular digital currency. Worldwide, over 70% of IT employees polled failed in recognizing the exact anti-exploit technology in spite of that being most critical towards prevention of modern attacks, the survey states.

 

IT professionals' methodology makes sure for determining at least a single flaw within the system in case cyber-security of the respective organization is not hundred percent.

 

Things become worse because stubborn cyber-criminals launch several attack techniques, no matter if they use a ransomware combo within one lone campaign, capitalize on an opportunity of gaining remote access, contaminate a server, alternatively deactivate security products.

 

Worldwide, the survey found the most affected sector with ransomware as healthcare sector where 76% of entities acknowledged getting struck with the malevolent software.

» SPAMfighter News - 21-03-2018

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