Ransomware: How Consumers and Businesses Value Their Data

In 2016, a spate of high-profile ransomware attacks made headlines around the world. While a return to security basics can help avoid infection and alleviate recovery from such an attack, the question remains how prepared consumers and businesses are for ransomware attacks. As a result, IBM fielded a US-based consumer and business research study to determine the value people place on data and their awareness of and knowledge about ransomware.

The results of this study were, frankly, alarming. For instance, despite high levels of confidence in their ability to protect personal devices, 59 percent of consumer respondents have not taken any action in the past three months to protect their devices from being hacked. The survey, which tallies responses from individuals and business executives, provides a clear picture of an overall lack of awareness and preparedness in the face of the rising risk of ransomware attacks.

Read the complete report to learn:

What value consumers and businesses place on their data
How lax attitudes can lead to increased infection risks for ransomware attacks
What steps you can take to prepare for a ransomware infection

Read the Report: Ransomware — How Consumers and Businesses Value Their Data

Limor Kessem

Principal Consultant, X-Force Cyber Crisis Management, IBM

Hive0147 serving juicy Picanha with a side of Mekotio

17 min read - IBM X-Force tracks multiple threat actors operating within the flourishing Latin American (LATAM) threat landscape. X-Force has observed Hive0147 to be one of the most active threat groups operating in the region, targeting employee inboxes at scale, with a primary focus on phishing and malware distribution. After a 3-month break, Hive0147 returned in July with even larger campaign volumes, and the debut of a new malicious downloader X-Force named "Picanha,” likely under continued development, deploying the Mekotio banking trojan. Hive0147…

Ongoing ITG05 operations leverage evolving malware arsenal in global campaigns

13 min read - As of March 2024, X-Force is tracking multiple ongoing ITG05 phishing campaigns featuring lure documents crafted to imitate authentic documents of government and non-governmental organizations (NGOs) in Europe, the South Caucasus, Central Asia, and North and South America. The uncovered lures include a mixture of internal and publicly available documents, as well as possible actor-generated documents associated with finance, critical infrastructure, executive engagements, cyber security, maritime security, healthcare, business, and defense industrial production. Beginning in November 2023, X-Force observed ITG05…

X-Force Threat Intelligence Index 2024 reveals stolen credentials as top risk, with AI attacks on the horizon

4 min read - Every year, IBM X-Force analysts assess the data collected across all our security disciplines to create the IBM X-Force Threat Intelligence Index, our annual report that plots changes in the cyber threat landscape to reveal trends and help clients proactively put security measures in place. Among the many noteworthy findings in the 2024 edition of the X-Force report, three major trends stand out that we’re advising security professionals and CISOs to observe: A sharp increase in abuse of valid accounts…

Security Intelligence

{{title}}

{{title}}

{{title}}

Topics

More from Malware

Hive0147 serving juicy Picanha with a side of Mekotio

Ongoing ITG05 operations leverage evolving malware arsenal in global campaigns

X-Force Threat Intelligence Index 2024 reveals stolen credentials as top risk, with AI attacks on the horizon

Topic updates