A steadily growing list of victimized companies have reported that other costs associated with an attack – downtime, lost sales opportunities, angry customers, the expense of attack mitigation and recovery, damage to company brand reputation, penalties for unmet contractual obligations to customers, and fines for non-compliance - make the cost of the ransom look trivial.
In planning defensive strategies, IT security professionals must recognize that the cost of a ransomware attack goes far beyond the extortion payment.
And Malwarebytes reported the UK receiving the highest amount of ransomware detections in Europe.Databarracks reported a quarter of UK organisations were victims of ransomware in the past year,.UK was the second most attacked country in the world, According to SonicWall, despite decline in malware attacks, ransomware volume shot up by 195% in the first half of 2019.These spam emails trick users into opening the file contained inside the attached ZIP archive, which is generally a script that downloads GandCrab ransomware and executes it. GandCrab is distributed via multiple spreading vectors, which include spam emails, exploit kits and other affiliated malware campaigns. Last year, GandCrab became the first ransomware that demands payment in DASH cryptocurrency and utilizes the “.bit” top level domain (TLD). The autumn of 2017’s Bad Rabbit ransomware outbreak disrupted thousands of systems across Russia, Ukraine, and the European Union. In the summer of 2017, the NotPetya ransomware variant ensnared thousands of business and public institutions in a global net, and despite letting victims pay a ransom, wreaked essentially unrecoverable damage. Costing the UK £92 million and running up global costs of up to a whopping £6 billion.
Nearly 3 out of 4 companies infected with ransomware suffer two days or more without access to their filesĪ notorious example of a ransomware attack that hit companies worldwide was the spring of 2017 WannaCry outbreak, which afflicted over 200,000 computers in over 150 countries.
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