Studies Show Ransomware up 6,000% and Reaps Billions and Phishing Emails are Used in 91% of all Cyber-Attacks

Robinson+Cole Data Privacy + Security Insider
Contact

A recent IBM study shows that ransomware increased 6,000 percent in 2016 over 2015. According to the report, ransomware was present in almost 40 percent of all spam email messages.

Ransomware is big business, since according to IBM Research, over 70 percent of business victims of ransomware pay the ransom for the key to get their data returned, despite the FBI’s recommendation not to pay.

A recent PhishMe study also found that over 91 percent of cyber-attacks start with spear phishing emails.

Lessons learned? Continue to impress upon employees how important data security is to your organization and specifically how to detect phishing emails and invest in a robust data back up system. These statistics indicate that ransomware will continue to victimize businesses.

[View source.]

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Robinson+Cole Data Privacy + Security Insider | Attorney Advertising

Written by:

Robinson+Cole Data Privacy + Security Insider
Contact
more
less

Robinson+Cole Data Privacy + Security Insider on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.