"With upcoming new variants and the success of the “ransomware-as-a-service” business model, we predict that the rise of ransomware that started in the third quarter of 2014 will continue in 2016."
This prediction comes courtesy of the McAfee Labs 2016 Threat Predictions report and is particularly worth noting as MSPs head into the New Year. Many of you battled the CryptoLockers and CryptoWalls of 2015 and have the scars to prove it. But how do you compare to your peers as far as volume of attacks and level of threat prevention? Take our poll now!
DID YOU KNOW: According to the Counter Threat Unit (CTU) at Dell SecureWorks, of nearly 625,000 CryptoWall infections discovered between mid-March and August 24, 2014, 1,683 victims (0.27%) paid the ransom, for a total take of $1,101,900 over the course of six months.
DID YOU KNOW: The CryptoWall clan welcomed a new ransomware variant to the family. Learn how CryptoWall 4.0 differs from previous versions here.
DID YOU KNOW: In Q1 2015, McAfee Labs registered a 165% increase in new ransomware. Want a forecast of what 2016 may have in store for you? Webroot released their top security threat predictions for 2016!
FOOD FOR THOUGHT: In 2016 Trend Micro Security Predictions: The Fine Line, the firm predicts that 2016 will be the year of cyber extortion and social engineering schemes, with a "significant increase in successful ploys designed to persuade employees to transfer money to a cybercriminal-controlled account."
FOOD FOR THOUGHT: Partner, CMIT Solutions reminds us of the importance of a solid BDR solution in protecting client data that may have been compromised by ransomware such as CryptoWall in their post, 4 Ways to Fend Off CryptoWall, the Latest Ransomware Virus Threat:
"Businesses should be creating comprehensive image-based off-site backups multiple times a day. If a virus like CryptoWall hits a 20-person firm at 4:00 PM, and that firm has to rely on an encrypted backup from the night before to get up and running again, those employees will lose an entire day of work."
If you answered anything other than "very confident," it could be time to reevaluate your current BDR solution...
By Lily Teplow
By Lily Teplow
By Brian Downey