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.