Ransomware has proven to be a lucrative tool for cyber-criminals targeting large enterprises and verticals like healthcare—gambits that can bring in tens of thousands of dollars for one attack. But it turns out that consumers are at risk too.

Research from cybersecurity firm Trustlook found that consumers are increasingly being targeted with ransomware—and, perhaps surprisingly, many of them are paying up. A full 38%, in fact, get out their wallets in hopes of clearing the issue.

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Most users are completely unaware of the threat posed by ransomware attacks—in fact, 45% of consumers don’t know what ransomware is. Thus, they’re not prepared to handle them. Trustlook’s research shows that this lack of awareness and apathy is resulting in insufficient action taken to protect devices and data: One quarter (23%) of consumers do not backup the files on their computer or mobile device.

Because consumers usually have fewer information security resources than large organizations, breaches are far easier to achieve and are more likely to have a meaningful impact, and thus are more likely to result in a payment.

Only about half (48%) of consumers are not worried about becoming a victim of a ransomware attack.

Because consumers usually have fewer information security resources than large organizations, breaches are far easier to achieve and are more likely to have a meaningful impact, and thus are more likely to result in a payment.

Other findings include the fact that 17% of consumers have been infected with ransomware. The average dollar range of payouts was $100-$500.

Source: Info Security

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