September 29, 2017 |

New Ransomware Study Explores “Customer Journey” of Getting Your Files Back

In F-Secure’s evaluation, three out of four ransomware criminal gangs were willing to negotiate the ransom fee. Berkshire, UK – July 18, 2016: Ransomware criminals actually care about your convenience. That’s according to a recent experiment detailed in a new F-Secure report, Evaluating the Customer Journey of Crypto-Ransomware and the Paradox Behind It. The experiment […]

In F-Secure’s evaluation, three out of four ransomware criminal gangs were willing to negotiate the ransom fee.

Berkshire, UK – July 18, 2016: Ransomware criminals actually care about your convenience. That’s according to a recent experiment detailed in a new F-Secure report, Evaluating the Customer Journey of Crypto-Ransomware and the Paradox Behind It. The experiment involved evaluating the “customer experience” of five current crypto-ransomware variants, beginning with the initial ransom screen all the way to interacting with the ransomware criminals behind each of those variants.

 

The report’s findings include:

 

  • Those families with the most professional user interfaces are not necessarily also those with the best customer service.
  • Crypto-ransomware gangs are usually willing to negotiate the price. Three out of four variants were willing to negotiate, averaging a 29% discount from the original ransom fee.
  • Ransomware deadlines are not necessarily “set in stone.” 100% of the groups contacted granted extensions on the deadlines.
  • One of the groups claimed to be hired by a corporation to hack another corporation – a kid playing a prank, or a sinister new threat actor?

 

The report highlights the paradox of crypto-ransomware: On one hand, perpetrators are “the nasty criminal, but on the other hand, they have to establish a degree of trust with the victim and be ready to offer a certain level of service in order to realise the payment in the end,” according to the report. As such, crypto-ransomware families often operate similar to legitimate businesses, with accessible web pages, helpful FAQs, “free trials” for file decryption, and even customer support channels with responsive agents on the other side.

 

“We read stories about ransomware every day, and lately the word ‘epidemic’ is being used to describe its proportions,” says Sean Sullivan, Security Advisor at F-Secure. “We wanted to offer a different look at this problem of mass crime, but ultimately to take the opportunity to remind people and businesses once again of what they can do to protect themselves from this threat. Software updates, good security software, caution with email, and most importantly, in case all else fails, back up your stuff regularly, before you ever become a victim.”

 

For full details and findings, download the report and view the infographic.

 

 

More information:

Report: Evaluating the Customer Journey of Crypto-Ransomware and the Paradox Behind It

Infographic: 5 Habits of a Successful Ransomware CyberCriminal

 

-ends-

About F-Secure

Nobody knows cyber security like F-Secure. For three decades, F-Secure has driven innovations in cyber security, defending tens of thousands of companies and millions of people. With unsurpassed experience in endpoint protection as well as detection and response, F-Secure shields enterprises and consumers against everything from advanced cyber attacks and data breaches to widespread ransomware infections. F-Secure’s sophisticated technology combines the power of machine learning with the human expertise of its world-renowned security labs for a singular approach called Live Security. F-Secure’s security experts have participated in more European cyber crime scene investigations than any other company in the market, and its products are sold all over the world by over 200 broadband and mobile operators and thousands of resellers.

 

Founded in 1988, F-Secure is listed on the NASDAQ OMX Helsinki Ltd.

f-secure.com twitter.com/fsecureukteam | facebook.com/f-secure

 

F-Secure media relations 

Geoff Dorrington

PR manager, F-Secure UK & Ireland

E: geoff.dorrington@f-secure.com

T: 01753 376592

 

 ###

 

Latest Press Releases

January 16, 2019

MWR InfoSecurity receives Princess Royal Training Award for Second Consecutive Year

MWR has received the Princess Royal Training Award for ongoing professional development.

December 11, 2018

Online shoppers more vulnerable to spam as the holidays inch closer

Research from F-Secure warns holiday shoppers of malicious emails disguised as delivery notifications

November 28, 2018

Multiple botnets disrupted as part of anti-fraud operation

Ad fraud ring used botnets to generate nearly 30 million dollars in fraudulent ad revenue

November 20, 2018

F-Secure boosts endpoint detection and response with unique on-demand elevate to experts

F-Secure Rapid Detection & Response backs up companies fighting intruders and helps overstretched cyber security personnel stop breaches automatically before they happen in one easy to use solution.

%d bloggers like this: