What price tag would you put on your data?
Ransomware has boomed recently, increasing 260% since December 2015. With these attacks increasing day by day what price do you hold on your data?
*Information from Malwarebytes Lab.
Ransomware has been around since 1989, with the AIDS Information Trojan and the price to get access to your files has mostly stayed the same. The AIDS Information Trojan claimed that you could unlock your data by sending $378 to an accommodation address in Panama.
AIDS Information Trojan (1989)
|$378 per 20mb Hard Drive*|
Making several assumptions we can look at how much the AIDS Information Trojan was charging, this being $378. We can compare this to the average hard drive size at the time (20mb). We can come to the conclusion that paying the ransomware’s fee at the time you’d be paying around $18,900 per Gigabyte of data.
Moving forward we can look at a piece of more modern ransomware. In December 2013 ZDNet traced four bitcoin addresses posted by users who had been infected by CryptoLocker. The four addresses showed movement of 41,928 BTC between 15 October and 18 December, about $27 million at that time. This simply goes to show that a significant amount of people value their data enough to pay the ransoms.
|$300 per 1TB Hard Drive*|
As Cryptolocker requests around $300 to decrypt your data, we can compare this to the average hard drive size of one terabyte in 2013 – 2016. We can come to the conclusion that paying the Ransomware’s fee you’d be paying around $0.3 per Gigabyte of data.
It all begs the question, how much do you value your data and how much would you pay for it?