Why Ransomware Pays

I’ve had many frustrated people as me why cybercriminals create and distribute ransomware. The answer is money, of course. But some new data from a report by Check Point software’s researchers is helpful because it shows just how much money we’re talking about.

Check Point focused on just one product: Cerber. The Cerber platform is software created specifically to be resold to create ransomware. Aspiring cybercriminal affiliates create their own ransomware campaign using Cerber and the deal is that Cerber gets to keep 40% of whatever their customers make with their ransomware attack.

Check Point was able to determine that Cerber had more than 160 participants at current count and that the combined direct sales plus affiliate revenue was almost $200,000 just in July – and this despite a victim payment rate of only 0.3%.

Doing the math means that Cerber is on track to net 2.4 million dollars this year.

So what’s the takeaway for businesses? Ransomware is a highly profitable criminal activity and you should expect to see increases in attacks on your business.

And that means that if you haven’t yet, you should get your organization up to speed both in terms of hardware/software preparedness, but also user training.

If you’d like to learn more, download our Executive Report: Ransomware Prevention Checklist for Your Organization or give us a call at 978.921.0990

Everyone stay safe out there!


 

 

Author: Glenn Mores

President & CEO MicroData