Cyber

Ransomware: the customer journey

by Mark Rowe

Ransomware criminals 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 29pc discount from the original ransom fee.
Ransomware deadlines are not necessarily “set in stone.” All 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 to realise 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.

Sean Sullivan, Security Advisor at F-Secure, said: “We read stories about ransomware every day, and lately the word ‘epidemic’ is being used to describe its proportions. 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.”

To read the full 16-page report visit https://fsecureconsumer.files.wordpress.com/2016/07/customer_journey_of_crypto-ransomware_f-secure.pdf.

Related News

  • Cyber

    IoT top target

    by Mark Rowe

    IoT devices – estimated to soon number in the billions – are now cybercriminals’ top attack target, surpassing web and application services,…

  • Cyber

    Cyber Runway

    by Mark Rowe

    Plexal, the innovation company founded by Delancey, has opened applications for growing and scaling businesses to apply for cohort two of Cyber…

Newsletter

Subscribe to our weekly newsletter to stay on top of security news and events.

© 2024 Professional Security Magazine. All rights reserved.

Website by MSEC Marketing