Encryption Ransomware

COFENSE.COM
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 What is Ransomware?
• Type of malware
• Encrypts/locks files
• Holds files for ransom
• Can affect:
– PC
– “Internet of Things” devices
– Removable media
– Devices on network

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 How Do I Get Ransomware?
• Spam & phishing emails
• On the web (malicious ads & P2P)
• Unpatched security vulnerabilities

© Copyright 2018 Cofense™ All rights reserved.

 Why Should You Be Concerned?
IT’S COMMON.
• 39% of phishing attacks contained ransomware. [1]
IT’S EXPENSIVE.
• It is estimated that damages will cost more than $ 8 billion
globally in 2018 [2]
IT’S GLOBAL.
• 200k+ victims, 150+ countries [3]

© Copyright 2018 Cofense™ All rights reserved.

 Recognizing Malware
Phishing Emails
3
1

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 Cost of Ransomware

To the individual:

Time

Corruption or loss of data

Typically <$1,000 US

© Copyright 2018 Cofense™ All rights reserved.

 Cost of Ransomware
To the enterprise:

Time Reputation

Corruption or loss of data Legal implications

Suspension of service Thousands/millions of dollars

© Copyright 2018 Cofense™ All rights reserved.

 Preventing Ransomware Infections

• Avoid suspicious file

attachments & links
• Say no to executables,
scripts, macros
• Browse carefully
• Keep software up-to-date

© Copyright 2018 Cofense™ All rights reserved.

 Back It Up!
• Back up files regularly
• Keep redundant backups if possible
• Disconnect backups when not in use

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 If It Happens to You…
• Disconnect from network and power
• Eject physical media
(flash drives, etc.)
• Report incident immediately

© Copyright 2018 Cofense™ All rights reserved.

 Should You Pay the Ransom?
• Paying ransom is risky
• No guarantees
• Files may still be corrupted
• May leave other malware behind
• Prevention is the best cure

© Copyright 2018 Cofense™ All rights reserved.

 Stop Ransomware by Reporting Threats

• Report any suspected threats

• Help stop attacks
• Protect your co-workers
• Protect customer data

© Copyright 2018 Cofense™ All rights reserved.

 Related Resources
Whitepapers:
[1] Verizon’s 2018 Data Breach Investigations Report, Verizon.
[2]Global Ransomware Damage Costs Predicted to Exceed $8 Billion in 2018, Cyber Security Ventures
[3] An Osterman Research Paper: https://cofense.com/whitepaper/learn-best-practices-to-fight-evolving-email-related-threats/

Blogs:
Phish Me Clients are Reporting Ransomware Emails : https://cofense.com/phishme-clients-are-reporting-ransomware-emails/
Sigma Ransomware Resurfaces Following Three Month Disappearance:
https://cofense.com/sigma-ransomware-resurfaces-following-three-month-disappearance/

CBT:
https://cofense.com/download/cbt-ransomware/

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QUESTIONS?