Kaspersky’s 2016/17 Ransomware Report

By   ISBuzz Team
Writer , Information Security Buzz | Jun 27, 2017 12:37 pm PST

Kaspersky has released its new ransomware report – KSN Report: Ransomware in 2016-2017, downloadable from hereIlia Kolochenko, CEO at High-Tech Bridge commented below. 

Ilia Kolochenko, CEO at High-Tech Bridge:

 “The report is a clear indicator that the ransomware market is becoming more professional and mature. Actors are working on various niche specializations to avoid direct competition and maximize their profit. In the near future, we will probably see an important growth of complementary [cybercrime] services offered to the ransomware gangs, such as online or phone support for the victims, or money laundering services. Big data and machine learning are also coming to the service of cybercrime, for example, they can be used to suggest the highest ransom a victim can pay based on the victim’s profile.

Mobile devices are generally become more secure by default, therefore, a decrease in mobile ransomware is foreseeable. However, it does not mean that IoT and other devices running ancient mobile OS won’t be massively targeted by the attackers in the near future.

Law enforcement agencies lack coordination on the global and even national level, and face a serious shortage of the necessary resources to fight this emerging niche of cybercrime. Bitcoin and other digital currencies virtually guarantee untraceability to the attackers. Users will probably not change their careless behavior, and will continue to pay ransom to get their data back for practical and pragmatic reasons. Therefore, ransomware will likely to continue its impressive growth over * the next few years.”

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