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.  
COVID-19: Latest Security News & Commentary
Dark Reading Staff 11/19/2020
New Proposed DNS Security Features Released
Kelly Jackson Higgins, Executive Editor at Dark Reading,  11/19/2020
The Yellow Brick Road to Risk Management
Andrew Lowe, Senior Information Security Consultant, TalaTek,  11/19/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win an Amazon Gift Card! Click Here
Latest Comment: He hits the gong anytime he sees someone click on an email link.
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-14190
PUBLISHED: 2020-11-25
Affected versions of Atlassian Fisheye/Crucible allow remote attackers to achieve Regex Denial of Service via user-supplied regex in EyeQL. The affected versions are before version 4.8.4.
CVE-2020-29074
PUBLISHED: 2020-11-25
scan.c in x11vnc 0.9.16 uses IPC_CREAT|0777 in shmget calls, which allows access by actors other than the current user.
CVE-2020-14191
PUBLISHED: 2020-11-25
Affected versions of Atlassian Fisheye/Crucible allow remote attackers to impact the application's availability via a Denial of Service (DoS) vulnerability in the MessageBundleResource within Atlassian Gadgets. The affected versions are before version 4.8.4.
CVE-2020-29070
PUBLISHED: 2020-11-25
osCommerce 2.3.4.1 has XSS vulnerability via the authenticated user entering the XSS payload into the title section of newsletters.
CVE-2020-26212
PUBLISHED: 2020-11-25
GLPI stands for Gestionnaire Libre de Parc Informatique and it is a Free Asset and IT Management Software package, that provides ITIL Service Desk features, licenses tracking and software auditing. In GLPI before version 9.5.3, any authenticated user has read-only permissions to the planning of ever...