SOURCE: F-Secure Corp.

F-Secure Corp.

July 18, 2016 03:00 ET

F-Secure's New Ransomware Study Explores the "Customer Journey" of Getting Your Files Back

In F-Secure's Evaluation, Three out of Four Ransomware Criminal Gangs Were Willing to Negotiate the Ransom Fee

SAN JOSE, CA--(Marketwired - Jul 18, 2016) - Ransomware criminals actually care about your convenience. That's according to a recent experiment detailed in a new F-Secure report, Evaluating the Customer Journey of Crypto-Ransomware and the Paradox Behind It. The experiment involved evaluating the "customer experience" of five current crypto-ransomware variants, beginning with the initial ransom screen all the way to interacting with the ransomware criminals behind each of those variants.

The report's findings include:

  • Those families with the most professional user interfaces are not necessarily also those with the best customer service.
  • Crypto-ransomware gangs are usually willing to negotiate the price. Three out of four variants were willing to negotiate, averaging a 29 percent discount from the original ransom fee.
  • Ransomware deadlines are not necessarily "set in stone." 100 percent of the groups contacted granted extensions on the deadlines.
  • One of the groups claimed to be hired by a corporation to hack another corporation -- a kid playing a prank, or a sinister new threat actor?

The report highlights the paradox of crypto-ransomware: on one hand, perpetrators are "the nasty criminal, but on the other hand, they have to establish a degree of trust with the victim and be ready to offer a certain level of service in order to realize the payment in the end," according to the report. As such, crypto-ransomware families often operate similar to legitimate businesses, with accessible web pages, helpful FAQs, "free trials" for file decryption, and even customer support channels with responsive agents on the other side.

"We read stories about ransomware every day, and lately the word 'epidemic' is being used to describe its proportions," said Sean Sullivan, security advisor at F-Secure. "We wanted to offer a different look at this problem of mass crime, but ultimately to take the opportunity to remind people and businesses once again of what they can do to protect themselves from this threat. Software updates, good security software, caution with email, and most importantly, in case all else fails, back up your stuff regularly, before you ever become a victim."

For full details and findings, download the report and view the infographic.

More information:
Report: Evaluating the Customer Journey of Crypto-Ransomware and the Paradox Behind It
Infographic: 5 Habits of a Successful Ransomware CyberCriminal

About F-Secure
F-Secure is a European cyber security company with decades of experience in defending enterprises and consumers against everything from opportunistic ransomware infections to advanced cyber attacks. Its comprehensive set of services and award-winning products use F-Secure's patented security innovations and sophisticated threat intelligence to protect tens of thousands of companies and millions of people. F-Secure's security experts have participated in more European cyber crime scene investigations than any other company in the market, and its products are sold all over the world by over 200 operators and thousands of resellers.

Founded in 1988, F-Secure is listed on the NASDAQ OMX Helsinki Ltd.

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