Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Endpoint

4/25/2019
03:15 PM
50%
50%

55% of SMBs Would Pay Up Post-Ransomware Attack

The number gets even higher among larger SMBs.

Security experts typically advise against paying for stolen data after ransomware attacks, but 55% of executives at small to midsize businesses say they would do exactly that.

The number jumps to 74% among larger SMBs with 150 to 250 employees, as stated in the AppRiver Cyberthreat Index for Business Survey. Nearly 40% went so far as to say they "definitely" would pay the ransom, at almost any price, to prevent leakage or loss of data.

Some respondents said the opposite. Forty-five percent of SMB leaders polled said they would not give in to attackers regardless of the ransom. Some SMBs in the legal services and nonprofit sector seem willing to pay ransom in exchange for stolen data, with 67% and 60%, respectively, saying they wouldn't work with cybercriminals regardless of the ransom amount or data value.

Separate research shows attackers are getting greedier with ransom demands: The average ransom amount paid by victims in cases handled by Coverware jumped 89%, from $6,733 in the fourth quarter of 2018 to $12,762 in the first quarter of 2019. Still, companies willing to pay generally get their data back: In 96% of cases, paying victims received a decryption key.

Security pros advise businesses to implement stronger data protection practices, update their systems, conduct regular backups, and educate their users on ransomware tactics instead of putting funds aside to prepare for a ransomware attack.

Read more details here.

 

 

 

Join Dark Reading LIVE for two cybersecurity summits at Interop 2019. Learn from the industry's most knowledgeable IT security experts. Check out the Interop agenda here.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio
 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Dr.T
50%
50%
Dr.T,
User Rank: Ninja
4/28/2019 | 4:16:44 PM
Re: Unbelieveable
But I guess companies are still waiting to be burnt by the stove unfortunately. This makes sense. I think it identifies the major problem we face. No action unless got hit.
Dr.T
50%
50%
Dr.T,
User Rank: Ninja
4/28/2019 | 4:14:32 PM
Re: Unbelieveable
t's amazing how much headache you can forgo if you have a DR plan. Sometime a DR plan may not save us. You should be able to get data back, historical data may be encrypted too.
Dr.T
50%
50%
Dr.T,
User Rank: Ninja
4/28/2019 | 4:12:47 PM
Re: Unbelieveable
I saved a museum I supported by HAVING a good plan and using it so that within 3 hours 98% of everything was back. That is good. Everybody needs a backup plant that goes against a ransomware attack. They should be able to go back as much past as needed.
Dr.T
50%
50%
Dr.T,
User Rank: Ninja
4/28/2019 | 4:10:24 PM
Re: Unbelieveable
Proof positive that small business IT lacks the brains to come up with a good disaster recovery plan. This makes very good sense. If they do not have a backup to go then they loose data and that is a bigger problem.
Dr.T
50%
50%
Dr.T,
User Rank: Ninja
4/28/2019 | 4:08:43 PM
Anternative?
Security experts typically advise against paying for stolen data after ransomware attacks, but 55% of executives at small to midsize businesses say they would do exactly that. That may be because they do not have an alternative?
REISEN1955
50%
50%
REISEN1955,
User Rank: Ninja
4/26/2019 | 9:52:54 AM
Re: Unbelieveable
About 18 years ago on a lovely September morning, my data center crashed 103 floors along with the building and I was lucky to get down from the 101st floor. South tower.  So I am big into disaster recovery.
RyanSepe
50%
50%
RyanSepe,
User Rank: Ninja
4/26/2019 | 9:26:56 AM
Re: Unbelieveable
Agree. It's amazing how much headache you can forgo if you have a DR plan. It still amazes me that this solution has been evident for so long and still many are resistant to implement. It has more than just security benefits but data preservation benefits as you have pointed out. 

But I guess companies are still waiting to be burnt by the stove unfortunately.
REISEN1955
50%
50%
REISEN1955,
User Rank: Ninja
4/25/2019 | 3:36:26 PM
Unbelieveable
Proof positive that small business IT lacks the brains to come up with a good disaster recovery plan.  What if a server itself crashes --- then all data is "encrypted" really good on a dead drive or system.  So WHO would you pay to restore that?  I saved a museum I supported by HAVING a good plan and using it so that within 3 hours 98% of everything was back.  I mean - COME ON, GET WITH THE PROGRAM.   There is way too much of this and everytime a ransomware story comes up---- PAY and that solves the issue  Incredible.  
Edge-DRsplash-10-edge-articles
I Smell a RAT! New Cybersecurity Threats for the Crypto Industry
David Trepp, Partner, IT Assurance with accounting and advisory firm BPM LLP,  7/9/2021
News
Attacks on Kaseya Servers Led to Ransomware in Less Than 2 Hours
Robert Lemos, Contributing Writer,  7/7/2021
Commentary
It's in the Game (but It Shouldn't Be)
Tal Memran, Cybersecurity Expert, CYE,  7/9/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
The State of Cybersecurity Incident Response
In this report learn how enterprises are building their incident response teams and processes, how they research potential compromises, how they respond to new breaches, and what tools and processes they use to remediate problems and improve their cyber defenses for the future.
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-32812
PUBLISHED: 2021-08-02
Monkshu is an enterprise application server for mobile apps (iOS and Android), responsive HTML 5 apps, and JSON API services. In version 2.90 and earlier, there is a reflected cross-site scripting vulnerability in frontend HTTP server. The attacker can send in a carefully crafted URL along with a kn...
CVE-2021-32787
PUBLISHED: 2021-08-02
Sourcegraph is a code search and navigation engine. Sourcegraph before version 3.30.0 has two potential information leaks. The site-admin area can be accessed by regular users and all information and features are properly protected except for daily usage statistics and code intelligence uploads and ...
CVE-2021-32811
PUBLISHED: 2021-08-02
Zope is an open-source web application server. Zope versions prior to versions 4.6.3 and 5.3 have a remote code execution security issue. In order to be affected, one must use Python 3 for one's Zope deployment, run Zope 4 below version 4.6.3 or Zope 5 below version 5.3, and have the optional `Produ...
CVE-2021-21866
PUBLISHED: 2021-08-02
A unsafe deserialization vulnerability exists in the ObjectManager.plugin ProfileInformation.ProfileData functionality of CODESYS GmbH CODESYS Development System 3.5.16 and 3.5.17. A specially crafted file can lead to arbitrary command execution. An attacker can provide a malicious file to trigger t...
CVE-2021-27499
PUBLISHED: 2021-08-02
Ypsomed mylife Cloud, mylife Mobile Application, Ypsomed mylife Cloud: All versions prior to 1.7.2, Ypsomed mylife App: All versions prior to 1.7.5,The application layer encryption of the communication protocol between the Ypsomed mylife App and mylife Cloud uses non-random IVs, which allows man-in-...