Huge Rise in Ransomware


08 Jun 2016

Huge Rise in Ransomware

According to a recently released report, 93% of all phishing emails analysed in March were shown to contain ransomware. The report also showed that the number of phishing emails recorded was over 6 million in the first quarter of 2016, a massive increase of more than 789% compared to the final quarter of last year.

Ransomware was shown to have accounted for over half of all phishing emails in March, a big increase from February’s 29% and January’s 15%. The cause of the rise of ransomware is most likely down to the fact that it is becoming easier to send and unfortunately has a relatively high success rate when it comes to making the sender money. It is currently so successful due to a lot of people not being aware of the threat and aware of how to deal with it until they have been hit.

Most Common Types of Ransomware

Locker Ransomware denies a user access to the computer by locking the user interface and then demanding that the victim pays a fee in order to restore access. This type of ransomware normally just locks access to the interface and leaves files and system untouched. Locker ransomware often pretends to belong to law enforcement agencies to spook users into paying up.

Crypto Ransomware, on the other hand, denies access to files or data by finding and encrypting valuable data stored on a computer or device. The user cannot gain access to the files unless they pay a fee to obtain the decryption key from the scammers. This type of ransomware preys on people’s ignorance when it comes to the importance of backing up files. Once the ransomware gains access to a device it tries to remain hidden whilst it searches for files to encrypt.

With the sharp rise in ransomware, new varieties are beginning to be discovered on a regular basis and so far over 124 separate variants have been discovered.

According to a separate report, 46% of IT decision makers said that their organisation had been ‘significantly’ affected by malware, including ransomware and phishing.

Rise in soft target phishing

The report also showed that as well as the sharp rise in emails containing ransomware there has also been an increase in soft target phishing attempts. These attacks are a cross between a spear phishing attack and spam email. These types of emails target people with a particular job within an organisation.

A favourite seems to be emails claiming to contain job applications. The email gets sent to people in an organisation and relies on people who do not work in HR forwarding it on to the appropriate person. This method is effective as most people would assume that internally shared email would not contain any malicious links.

Other common types of soft targeted phishing emails are billing, shipping and invoice-related messages.

Backup your data

Ensuring you have a backup of your critical information is also essential so that, should you receive a threatening extortion message, you can be confident your data is safe and you are not pressurised into paying any unnecessary ransom demands.

For the latest PGI updates like our pages on LinkedIn – PGIPGI Cyber, and Facebook – PGIPGI Cyber

 

Share this article

Contact us

Call us now to discuss your requirements with one of our consultants.

Contact us today

Related News

CISMP, CISSP and CISM - what's in an acronym?

20 Mar 2017

There is a wide range of different security courses available, and a mind-boggling array of...

Watch Video

International Womens Day - Pioneering Women in Tec...

08 Mar 2017

Pioneering Women in Technology – Katherine JohnsonThe Oscar season has been and...

Watch Video

Law Firms and why they need cyber security

06 Mar 2017

Suffering a data breach can be devastating for any company but for law firms the impacts can be...

Watch Video
Back to the News Hub

Follow us

+44 (0)207 887 2699
©2017 PGI - Protection Group International Ltd. All rights reserved.
PGI - Protection Group International Ltd is registered in England & Wales, reg. no. 07967865
Registered address: Cascades 1, 1190 Park Avenue, Aztec W, Almondsbury, Bristol BS32 4FP