network security

In 2020, the cost of Q4 blackmail software will drop to US $1541080, a year-on-year decrease of 34% From Coveware

The following is the In 2020, the cost of Q4 blackmail software will drop to US $1541080, a year-on-year decrease of 34% From Coveware recommended by And this article belongs to the classification: network security.

According to foreign media reports, although extortion software is still a disaster, there are some good news: the average amount paid by victims has decreased in Q4 after a substantial increase for more than a year. Why? Because fewer and fewer companies are willing to give in to ransom demands. According to the latest quarterly blackmail software report released by coveware, a network security company, the average payment for blackmail software has continued to rise since Q3 in 2018, but dropped 34% to $1541080 in Q4 last year.

At the same time, the median payment for blackmail software fell 55% to $49450.

Generally speaking, anyone who is attacked by blackmail software is not advised to hand over any password, because this does not guarantee that the perpetrator will hand over the encryption key. It seems that more and more companies are following this advice.

Another reason for the decline is related to blackmail software attacks. Criminals threaten to publish sensitive information if their demands are not met. Coveware wrote that such attacks accounted for 70% of all blackmail software attacks in Q4, up from 50% in the previous quarter. Because even if ransom is paid, the data will be leaked online, so few victims will succumb to blackmail.

In cases involving data theft, only 60% of companies agreed to pay in Q4, down from 75% in the third quarter.

“Coveware continues to witness evidence that stolen data has not been deleted or cleared after payment,” the report said. In addition, we also see some organizations taking measures to forge data leakage without happening. “

As for the attack carrier of blackmail software, e-mail phishing has now surpassed Remote Desktop Protocol (RDP) attack and become the most popular network attack, accounting for more than 50% in Q4. But RDP, which exploits leaked credentials, is still very popular, as the extortion price for an employee’s user name and password is as low as $50.

Professional services was the second most common target industry for software blackmail criminals, accounting for 16.3%, second only to health care, accounting for 17.9%. Hospitals and health centers have long been common targets for criminals to think they are more willing to pay. With the spread of the epidemic, these organizations are on the verge of collapse, and blackmail attacks may cause loss of life.

More reading from cnBeta: Trend Micro: the number of blackmail software network attacks increased 8 times in 2016 Extortion software accounts for 41% of all network insurance claims in the first half of 2020 Interpol: Extortion software is still the biggest threat to network security Security: Global extortion software increased by 600% in 2016 Kaspersky: the proportion of Android extortion software increased to 4.63% in 2015-2016 FBI: the number of extortion software complaints reached 2453 in 2015, nearly doubling year on year enigma Software: in April 2016, the number of blackmail software attacks in the United States increased 158.87% compared with March. Tripwire: only 38% of security experts are confident of recovering core data after blackmail software damage. Symantec: blackmail software and enterprise white paper 2016 (with download) cybersecurity insiders: blackmail software report 2017 Kaspersky: security report 2019

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