CyberNews Briefs

6 Takeaways from Ransomware Attacks in Q1

A new Coveware report based on data from the first quarter of 2019 highlights six interesting ransomware trends:

  • Threat actors are demanding higher ransoms – the average ransom amount asked in incidents handled by Coveware was %12,762, a 89% increase over the last quarter of 2018, when the amount was $6,733.
  • Manual ransomware attacks are on the rise – whereas traditional ransomware attacks are fully automated, threat actors are increasingly taking a more hands-on approach in order to leverage more effective attacks
  • Downtime resulting from ransomware attacks is increasing – ransomware-related downtime increased from an average 6.2 days in Q4 2018 to 7.3 days in Q1 of this year.
  • The costs of downtime are increasing as well.
  • Ransomware is hitting the manufacturing sector hardest.
  • Most victims who pay, regain access to their systems – In Q1 2019, 96% of ransomware victims who paid up, received a decryption key that allowed them to recover their data, a slight increase compared to Q4 2018 when the number was 93%. However, the recovery rate after payment varies depending on the type of ransomware used in the attack.

Read more: 6 Takeaways from Ransomware Attacks in Q1

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.