Tripwire: Security professionals wary of recovery in cases of ransomware
The company has released findings from a survey during the recent Black Hat USA 2016 at the start of last August.
The survey, which was compiled from the responses of over 220 information security professionals who attended the event, showed a lack of confidence towards ransomware recovery.
Only 35% of respondents reported being confident about recovering in the wake of a ransomware attack. Additional findings from the survey also showed that only 53% of respondents were confident that their executives could spot a phishing scam.
Only 19% of respondents considered ransomware to be one of the top two security threats faced by their respective organisations, while only 22% considered phishing to be one of the top two threats faced.
Travis Smith, senior security research engineer at Tripwire, shared: "Successfully recovering from ransomware is well documented, whether through data recovery to paying ransom."
He added: "It's important for businesses to understand the costs associated with data recovery so that they're prepared for a ransomware infection. Follow the 3-2-1 data backup rule: gather three copies of the data on two different types of media, with one of these copies stored off-site."
The Federal Bureau of Investigation has reported that ransomware attacks amassed over $200m during the first three months of 2016. At this rate, cyber criminals stand to gain over $1b through ransomware by the end of the year.
Furthermore, research released by Malwarebytes reported that 40% of organisations experienced some form of ransomware attacks, between June 2015 and June 2016.
"Training is a vital aspect of preventing successful phishing attacks, especially as spear-phishing and ‘whaling' campaigns can be more difficult to detect," commented Smith.
"It's increasingly important for executives and high-profile employees to be prepared. Users should assume links and attachments are guilty until proven innocent; verify the sender's intent before trusting their data."