One of the most important questions to ask when dealing with ransomware cases is whether victims pay the demanded ransom. Apparently, about 40% of these victims pay the ransom to get their files decrypted, a new report by Trustlook says.
Unfortunately, the number of businesses affected by the crypto menace has grown as well as the number of regular, home users. Nonetheless, home users are easier to target and have less resource to fight cybercriminals. This simply means that home users are most likely to pay up.
Home Users Completely Unaware of Ransomware
As it turns out, the constantly growing number of infections hasn’t had any educational effect on most users as they remain “completely unaware of the threat posed by ransomware attacks”, the report says.
Not only are users are unaware but they are not prepared to handle the consequences. The research illustrates that the lack of awareness and apathy has led to the inability to protect device ad data. Apparently, 40% of users are not worried about being victimized by ransomware, and only 7% of users who still haven’t suffered an attack say they would actually pay the demanded ransom.
According to the report, 17% of users have been attacked by ransomware, and 38% have agreed to pay the ransom. The usual ransom payout is in the range of $100-$500, whereas 45% of users haven’t heard of ransomware at all.
Related: Most Ludicrous Ransomware in 2016
Unfortunately, the number of users that don’t backup their files despite the growing threat is quite high – about 23%.
Since the beginning of 2016, ransomware has gone from a relatively exclusive category of malware utility to a mainstream destructive tool used in wave after wave of phishing attacks against individuals and companies alike.
Ransomware Is the Number One Cyberthreat
As of the moment, ransomware continues to become more widespread and more dangerous. It has cost businesses a total of $1 billion last year alone, and is currently named the number 1 cyberthreat by the U.S. Department of Justice.
The conclusion? Never underestimate the importance of data backups, as this remains the most secure way to prevent an infection. Of course, other protective measures should be considered, too, such as anti-malware and anti-ransomware tools.