{"id":512,"date":"2017-02-08T15:36:57","date_gmt":"2017-02-08T19:36:57","guid":{"rendered":"https:\/\/solutionsreview.com\/endpoint-security\/?p=512"},"modified":"2017-02-08T17:12:30","modified_gmt":"2017-02-08T21:12:30","slug":"2016-saw-638-million-instances-of-ransomware-report-says","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/endpoint-security\/2016-saw-638-million-instances-of-ransomware-report-says\/","title":{"rendered":"2016 Saw 638 Million Instances of Ransomware, Report Says"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-169 aligncenter\" src=\"https:\/\/solutionsreview.com\/endpoint-security\/files\/2016\/05\/Ransom-note.jpg\" alt=\"Ransom-note\" width=\"800\" height=\"350\" srcset=\"https:\/\/solutionsreview.com\/endpoint-security\/files\/2016\/05\/Ransom-note.jpg 800w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2016\/05\/Ransom-note-300x131.jpg 300w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2016\/05\/Ransom-note-768x336.jpg 768w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2016\/05\/Ransom-note-600x263.jpg 600w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2016\/05\/Ransom-note-180x79.jpg 180w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2016\/05\/Ransom-note-400x175.jpg 400w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>These days it seems like you can\u2019t watch the evening news without hearing another ransomware horror story. The epidemic of weaponized encryption hit a fever pitch last year, so it should be no surprise that 2016 saw a whopping 638 million instances of Ransomware&#8211;167 times more than the 3.8 million ransomware attack attempts in 2015, according to a new report from SonicWall.<\/p>\n<p>Aside from that explosive growth in ransomware attacks, the <a href=\"https:\/\/www.sonicwall.com\/whitepaper\/2017-sonicwall-annual-threat-report8121810\/\">report<\/a>, sourced from information\u00a0gathered by SonicWall&#8217;s GRID Threat Network, found a modest decrease in general malware attacks. Total attack attempts dropped to 7.87 billion in 2016 from 8.19 billion in 2015.<\/p>\n<p>Meanwhile, unique malware samples collected fell to 60 million in 2016, compared with 64 million in 2016, according to the report. A 6.25 percent decrease.<\/p>\n<p>Despite that general decline in malware attacks, ransomware&#8217;s ease-of-use and profitability have fueled a meteoric rise in its use, says SonicWall.<\/p>\n<p>The emergence of Ransomware-as-a-Service (RaaS), has made ransomware easy to deploy even for malicious actors without the technical skills to execute attacks themselves. Wannabe hackers simply need to download and deploy a malware kid, often available at a flat rate or for a percentage of the final take, says SonicWall.<\/p>\n<p>While it&#8217;s difficult to put a number on the average cost of a ransomware attack, as many victims choose not the publicize the attacks, SonicWall&#8217;s report estimates that approximately $209 million in ransoms were paid in just the first quarter of 2016.<\/p>\n<p>Some organizations have publically admitted to paying ransoms, \u00a0such as Hollywood\u00a0Presbyterian Medical Center in Los Angeles, who paid $17,000 in bitcoin to regain access to core systems in February 2016.<\/p>\n<p>Another example, The Lansing Michigan Board of Water and Light, paid $25,000 in bitcoin to recover encrypted data. The initial ransom, however, only represented a fraction of the total cost for Lansing BWL, whose administrators told SonicWall that they paid a total of approximately $2.4 million in costs related to the attack. The majority of that came from the cost of covering an emergency cyber-response team, stabilization and restoration efforts, and improvements to their security systems.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>These days it seems like you can\u2019t watch the evening news without hearing another ransomware horror story. The epidemic of weaponized encryption hit a fever pitch last year, so it should be no surprise that 2016 saw a whopping 638 million instances of Ransomware&#8211;167 times more than the 3.8 million ransomware attack attempts in 2015, [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":169,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[296,297,94,295,23,88,294],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2016 Saw 638 Million Instances of Ransomware, Report Says<\/title>\n<meta name=\"description\" content=\"Ransomware saw a meteoric rise in 2016, despite a general decline in malware attacks.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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