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

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.  
For Cybersecurity to Be Proactive, Terrains Must Be Mapped
Craig Harber, Chief Technology Officer at Fidelis Cybersecurity,  10/8/2019
A Realistic Threat Model for the Masses
Lysa Myers, Security Researcher, ESET,  10/9/2019
USB Drive Security Still Lags
Dark Reading Staff 10/9/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
7 Threats & Disruptive Forces Changing the Face of Cybersecurity
This Dark Reading Tech Digest gives an in-depth look at the biggest emerging threats and disruptive forces that are changing the face of cybersecurity today.
Flash Poll
2019 Online Malware and Threats
2019 Online Malware and Threats
As cyberattacks become more frequent and more sophisticated, enterprise security teams are under unprecedented pressure to respond. Is your organization ready?
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-17593
PUBLISHED: 2019-10-14
JIZHICMS 1.5.1 allows admin.php/Admin/adminadd.html CSRF to add an administrator.
CVE-2019-17594
PUBLISHED: 2019-10-14
There is a heap-based buffer over-read in the _nc_find_entry function in tinfo/comp_hash.c in the terminfo library in ncurses before 6.1-20191012.
CVE-2019-17595
PUBLISHED: 2019-10-14
There is a heap-based buffer over-read in the fmt_entry function in tinfo/comp_hash.c in the terminfo library in ncurses before 6.1-20191012.
CVE-2019-14823
PUBLISHED: 2019-10-14
A flaw was found in the "Leaf and Chain" OCSP policy implementation in JSS' CryptoManager versions after 4.4.6, 4.5.3, 4.6.0, where it implicitly trusted the root certificate of a certificate chain. Applications using this policy may not properly verify the chain and could be vulnerable to...
CVE-2019-17592
PUBLISHED: 2019-10-14
The csv-parse module before 4.4.6 for Node.js is vulnerable to Regular Expression Denial of Service. The __isInt() function contains a malformed regular expression that processes large crafted input very slowly. This is triggered when using the cast option.