Ransomware Is On The Rise

Ransomware is on the rise, especially within organizations per 2022 Hornetsecurity Ransomware Attacks Analysis. In fact . . .

• 24% of organizations have experienced a ransomware attack
• 21% of all ransomware attacks have occurred in the last 12 months

The good side is that most organizations are able to retrieve their data from backups — 14% of victims lost their data and 7% had to pay the ransom to get their data back. Therefore, only 1 in 5 organizations found themselves unprepared and in trouble when it came to their data.

How did these attacks occur? The answer- mostly related to email and/or social engineering:

• 59% of attacks started with an email-based phishing attack
• 16% of attacks started with a compromised endpoint (which is usually the result of one of four things in descending order: phishing attack, social engineering, RDP brute force, or vulnerability exploit)

Why the slight rise of ransomware incidence? The simple answer …

Attacks continuously prove to be lucrative for cyber criminals as organizations struggle to keep up!

Ransomware is on the rise, so what do we do? Regularly keeping and protecting back-ups is the primary method of avoiding data loss or ransom payment. Also, protecting your humans, assuring they are aware and knowledgeable. The data reported 27% of organizations did NOT provide Security Awareness Training.  It’s not a one and done training - it needs to be a continued reminder and testing your humans.

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CorpInfoTech (Corporate Information Technologies) provides small to mid-market organizations with expert I.T. services including compliance assessment, cybersecurity penetration tests, and comprehensive business continuity planning services. CorpInfoTech can help organizations, quantify, create, refine, and mitigate the risks presented by business threatening disasters in whatever form they may be disguised.