By: Michael Sutton

2016 Security Predictions (3 of 10)

Prediction 3: Ransomware 2.0 Goes Corporate

Ransomware has managed to hit a sweet spot. Users are all too willing to begrudgingly pay an expensive but not excessive ransom in exchange for the returnof their precious data.

Even the FBI are recommending that it’s easier to pay than fight. The wildly profitable CryptoLocker has attracted many clones since it was largely knocked offline following Operation Tovar.Many of these clones, including more popular variants such as CryptoWall and TorrentLocker largely followed the proven formula but we’re starting to see variations such as ransomware focused on Linux and mobile platforms.

The former is especially important as it’s more likely to impact the websites and code repositories of enterprises, who in our experience are also very willing to pay up rather than risk losing critical intellectual property. Expect ransomware to become increasingly corporate focused in 2016 and as it does, enterprises won’t get away with paying consumer rates. The criminals behind the ransomware campaigns are savvy and once they realize that they’ve locked up source code and financial documents that haven’t been properly backed up, you can expect prices to skyrocket…and be paid.

Contributed by:

Michael Sutton

CISO, Zscaler

 

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