Ransomware Payment Increases Majorly by End of 2019

Ransomware Payouts Increase
February 14, 2020 10:19 am

Ransomware is the dreaded word that nobody wants to hear.  We warned you that ransomware was going to continue to be a threat in 2020, and the fact that it took a huge increase by the end of 2019 only justifies that prediction. 

 

Here’s what you need to know: 

 

  • The average ransom payout doubled from Quarter 3 to Quarter 4 in 2019.  It was $41,198 in Q3 and $84,116 in Q4. 
  • The ransom amount increase is due to two main ransomware groups changing their approach by now attacking large enterprises. 
  • Ransomware is mostly due to forced weak RDP credentials, or purchasing stolen RDP credentials.  This tactic occurs successfully more than 50% of the time, followed by phishing and the exploitation of software vulnerabilities. 
  • Even after the ransom is paid, there isn’t a guarantee that you will be supplied with valid keys to decrypt your files.  Almost always, data is still lost. 
  • The average downtime from a ransomware attack has also increased from Quarter 3 to Quarter 4 in 2019.  It was about 12.1 days of downtime in Q3, and 16.2 days in Q4. 

 

It’s important to note that these findings are based on ransomware attacks that have been recorded through a particular ransomware recovery company.  Many companies deal with the attacks privately, which means that the overall average numbers are realistically much larger than what is recorded.  

 

You can easily avoid a ransomware attack by having a proper Cybersecurity plan in place.  CATS Technology Solutions Group has certified Cybersecurity Technicians who will monitor your systems 24/7.  Just recently, CATS Technology partnered with Huntress to continue to make sure your systems are safe.   

 

What is Huntress? Stay tuned for our next blog post! 

Categorised in:

Book Your Free Consultation Today!