Is the Threat of Ransomware Diminishing?

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2017 was a pretty big year for Ransomware. Attacks like Petya and WannaCry made pretty big headlines as they attacked hospitals, banks, schools and many more different types of organizations.  However, according to a report from Malwarebytes, the rate of Ransomware infections dropped dramatically in the second half of 2017. 

After July, hackers seems to launch Ransomware attacks less frequently, meaning institutions like banks and hospitals received a pardon from potentially devastating consequences. 

So it seems, hackers abandoned Ransomware attacks in the second half of 2017 – but why?  According to Malwarebytes, it was simply because users were backing up their files.

Chris Boyd, a malware analyst at Malwarebytes theorizes that because the Ransomware attacks were heavily publicized, users were educated of the ways to avoid falling victim to a Ransomware attack.

Boyd told ZDNet, a CNET sister site, "This alone, even without additional security precautions, effectively deadens the otherwise considerable sting of the threat".

It’ll be interesting to see how the threat of Ransomware extends into 2018.  As long as everyone stays smart about protecting their data, 2018 can be a successful year in defending against the threat of Ransomware.

Story via CNET.com