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According to Cobalt, ransomware is ranked as a top 10 concern, with 2022 estimates suggesting that ransomware attacks successfully took place every 40 seconds and attempts took place every 11 seconds.
According to Cobalt, ransomware is ranked as a top 10 concern, with 2022 estimates suggesting that ransomware attacks successfully took place every 40 seconds and attempts took place every 11 seconds.
According to her, 37% of banks were victims of ransomware attacks between 2021 and present.
After gaining access to victims’ networks, Royal actors disable antivirus software and exfiltrate large amounts of data before ultimately deploying the ransomware and encrypting the systems.
Although Blackbaud discovered the ransomware attack in May 2020, the company didn’t the incident until the following July.
Source: https://techcrunch.com/2023/03/10/sec-blackbaud-charged-ransomware/
Although the ransomware attack largely affected the company’s U.K. operations, Yum Brands said it notified U.S. federal law enforcement as its investigation continues.
Source: https://techcrunch.com/2023/01/19/taco-bell-kfc-owner-says-data-stolen-during-ransomware-attack/
And notably, some findings by researchers pointed to a shift away from ransomware attacks that encrypted data in 2022 in favor of attacks that just involve data theft and extortion.
And not only are there existing unidentified infections out in the wild, but new ransomware is emerging on to the scene faster than many IT teams can handle.
Source: https://www.forbes.com/sites/emilsayegh/2023/01/24/the-threat-of-default-tech/
Andre den Hond, senior systems engineer at Arctic Wolf South Africa, said the average ransomware demand in 2022 was around $500,000.
A Russia-linked ransomware gang is reportedly behind the Royal Mail cyber attack that forced it to suspend international postal.
At the time, 'adverse impacts' of a major ransomware attack were blamed for the collapse.
A week after the ransomware demand, on December 19, more than a terabyte of confidential data was shared online, revealing Insomniac’s internal development plans for the coming decade.
Source: https://gamerant.com/insomniac-hack-game-developers-response/
Bannister Law Class Actions, Centennial Lawyers and Maurice Blackburn have joined forces to pursue compensation for customers affected by the ransomware attack on Medibank last year.
Between 2019 and 2022, Coverware observed the likelihood that ransomware victims pay ransom fees significantly decline from 76% to just 41%.
Source: https://hothardware.com/news/ransomware-gangs-profits-crater-cyber-insurance-governments-crack-down
“Bluewater Health, Chatham-Kent Health Alliance, Erie Shores HealthCare, Hôtel-Dieu Grace Healthcare and Windsor Regional Hospital, and our shared service provider TransForm Shared Service Organization were recently the victims of a ransomware attack.
Source: https://sydenhamcurrent.ca/2023/11/09/social-insurance-numbers-stolen-during-hospital-cyberattack/
By 2031, ransomware is expected to cost its victims as much as $265 billion, according to research firm Cybersecurity Ventures.
Source: https://investingnews.com/integrated-cyber-solutions/
Check Point Infinity Spark provides 99.7% prevention catch rate to protect SMBs against phishing, ransomware, credential theft and DNS attacks.
Source: https://www.helpnetsecurity.com/2023/02/16/check-point-infinity-spark/
Combining that with more sophisticated ransomware and phishing attacks, I only see the threat landscape becoming more complex and challenging.
Source: https://www.helpnetsecurity.com/2023/02/15/jeff-reich-idsa-identity-security/
Crapcoins are the only reason ransomware is now a massive problem.
Credit bureau TransUnion ransomware attack in 2022, where millions of records.