Intermedia, a one-stop shop for cloud IT services, today released its 2016 Crypto-Ransomware Report, which surveyed nearly 300 expert IT consultants[1] for their perspectives on the scope and costs of this trending malware.

The experts’ opinions contradicted conventional wisdom regarding the threat associated with ransomware: business downtime was ranked as a far bigger cost than the ransom itself.

Ready more at Intermedia, CIO & Leader, TechTalk, Brave New Coin or eSecurity Planet.

[1]This study was commissioned by Intermedia and executed by Researchscape International, a market-research consultancy. Researchscape surveyed 275 IT consultants and security experts using an online survey fielded from Jan. 15-30, 2016. Respondents were recruited via third-party panels. Only one response was permitted per respondent, even if they were a member of multiple panels.

Author Notes:

Jeffrey Henning

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Jeffrey Henning, IPC is a professionally certified researcher and has personally conducted over 1,400 survey research projects. Jeffrey is a member of the Insights Association and the American Association of Public Opinion Researchers. In 2012, he was the inaugural winner of the MRA’s Impact award, which “recognizes an industry professional, team or organization that has demonstrated tremendous vision, leadership, and innovation, within the past year, that has led to advances in the marketing research profession.” In 2022, the Insights Association named him an IPC Laureate. Before founding Researchscape in 2012, Jeffrey co-founded Perseus Development Corporation in 1993, which introduced the first web-survey software, and Vovici in 2006, which pioneered the enterprise-feedback management category. A 35-year veteran of the research industry, he began his career as an industry analyst for an Inc. 500 research firm.