The education sector is more likely to pay for redemption goods, a report finds

Crisis response teams in the education sector are most likely to pay ransomware claims, according to a recent report from cybersecurity firm Immersive Labs.

The study analyzed the cyber knowledge, skills and judgment of more than 2,000 organizations during “crisis situations” on the Immersive Labs training platform.

Over half a million exercises and simulations, the Bristol-based company found that the highest level of uncertainty among cyber-crisis teams was due to ransomware attacks.

Ransomware is a type of cybercrime in which the attacker encrypts data from the victim and threatens to publish or delete it if the victim does not pay a ransom fee.

While 25% of crisis response teams working for companies in the education sector paid the ransom, 0% working in infrastructure complied with demand.

As an encouraging sign for the UK fintech sector, financial service teams were the second least likely to pay, with only 13% choosing to spend cash.

About 18% of government crisis response teams paid the ransom demand, “despite official instructions in most countries saying no”.

“It simply came to our notice then. And when we have an immediate threat, it affects the way our brains start to work, ”said Rebecca McKeown, director of human sciences at Immersive Labs. RATN.

According to McKeown, part of what makes these types of cyber-attacks less difficult to deal with is the psychological aspect.

Ransomware criminals usually give the victim a limited time to pay the claim before the stolen files are published or deleted.

“The fight or flight mechanism starts. Once you are in that situation, your ability to think is very limited, ”McKeown explained.

“If you are in that kind of situation, and you have that in mind, you do not have to think about the various options available to you.”

McKeown said ransomware attacks are extremely dangerous because of the limited experience of in-house cybersecurity teams compared to other dangers.

“There is a lot of information about various threats that come in, and you can prepare for that, but ransom articles take it to another level.”

The risks of ransomware attacks may also be higher for early-stage start-ups, which typically focus more resources on growth.

McKeown said: “If you are a small start-up with a smaller response team or do not need a full crisis response team, this will increase the impact.”

Founded in 2017 by James HadleyImmersive Labs has raised $ 123m (£ 92.5m) funding, of which £ 53m will come in Round C series Last June.

The education sector is more likely to pay for redemption goods, a report finds

Source link The education sector is more likely to pay for redemption goods, a report finds

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