Cisco Finds $34 Million Ransomware Industry

Ransomware is “generating huge profits,” says Cisco. Slashdot reader coondoggie shares this report from Network World:
Enterprise-targeting cyber enemies are deploying vast amounts of potent ransomware to generate revenue and huge profits — nearly $34 million annually, according to Cisco’s Mid-Year Cybersecurity Report out this week. Ransomware, Cisco wrote, has become a particularly effective moneymaker, and enterprise users appear to be the preferred target.

Many of the victims were slow to patch their systems, according to the article. One study of Cisco devices running on fundamental infrastructure discovered that 23% had vulnerabilities dating back to 2011, and 16% even had vulnerabilities dating back to 2009. Popular attack vectors included vulnerabilities in JBoss and Adobe Flash, which was responsible for 80% of the successful attacks for one exploit kit. The article also reports that attackers are now hiding their activities better using HTTPS and TLS, with some even using a variant of Tor.


Share on Google+

Read more of this story at Slashdot.

Clip to Evernote

Leave a Reply

Your email address will not be published. Required fields are marked *