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Ransomware Down for Consumers and Up for Businesses

Ransomware Down For Consumers And Up For Businesses

So far 2018 is showing ransomware down for consumers and up for businesses as spyware, and other cyber threats continue to attack.

Cybercriminals obviously follow the money and that’s why there has been a 28% increase in crypto mining malware in the enterprise environment.

According to Cybercrime Tactics and Techniques: Q1 2018 report from Malwarebytes, they gathered information from consumer and businesses between January and March 2018 resulting in ransomware down for consumers and up for businesses.

Cybercriminals have been capitalizing on crypto mining, ransomware, spyware, and they also capitalized on the public disclosure of the Meltdown and Spectre vulnerabilities.

The good news has shown that ransomware has dipped 35% near the end of 2017 among consumers however it has continued to be a major problem and security concern for businesses.  The dip can be contributed to better detection and low volume attacks.

Users are getting smarter after ransomware has made major headlines several times in 2017.  Since users have more information on how to defend against ransomware attacks, they started being more cautious as well as backing up their data.

Ransomware down is due to these simple steps. People have been installing the latest updates, they don’t open anything suspicious, they use a good antivirus program that is properly setup and they backup their data.  There are many more steps but these ones are a good foundation.

This sums up that organizations have been building strong cyber threat defenses by putting prevention at the front of the list.  Backups can reduce the destruction and downtime after a cyber attack.  Organizations should focus on strengthening strong passwords, ensuring there is a scheduled update patch schedule from their managed IT services provider or IT consultant as well as white listing applications, and training employees not to click on suspicious links.

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365 iT SOLUTIONS is Toronto’s leading IT consulting boutique firm offering industry-leading IT solutions including Managed IT ServicesIT Support ServicesIT Outsourcing ServicesTech Support Services and Cloud Services.

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