Thousands of security threats happen every five minutes: Trend Micro VP

[SpartacusSystem]

In just five minutes, files on a company's network can be encrypted and beyond its reach, according to Rik Ferguson, vice president of Security Research at Trend Micro.

Trend Micro has seen a lot of development around ransomware capabilities targeting businesses rather than consumers, Ferguson said during his keynote speech at Cloudsec Australia 2016 in Sydney on Thursday, with 1,800 new threats released out into the wild every five minutes.

Additionally, he said that more than 800,000 people are exposed to malicious URLs, exploit kits, phishing websites, malware, spam, and threats every five minutes, with almost 7,000 records on average being exposed in the same timeframe.

Just so we can measure the speed of things, the fastest trains today ... can reach top speed of about 450km/h. That means in five minutes, you can travel close to 40 kilometres. That's an incredible distance to be able to go in a very, very short period of time,"

Ferguson pointed out.

"It gives you an idea of really how short that time is. In five minutes, [aside from] propelling you across the surface of the earth, it can also result in a number of other things."

"If you were hit by a crypto ransomware attack, within five minutes, all of the files on your computer or the files, god forbid, on all of the computers on your network ... can be encrypted and beyond your reach unless you paid criminals some money."

Read more: Thousands of security threats happen every five minutes: Trend Micro VP | ZDNet

 

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Jeez. Sh*ts getting bad.