Ransomware Revenue Down 20% in 2022 as More Victims Refuse to Pay: Report

A new report indicates that the average ransom collected by ransomware attackers has declined by 20% in 2022 as more individuals and organizations are opting to not pay ransom demands. The report, which was released by Check Point Research, also indicates that ransomware attacks are still a top threat in the cybersecurity world. The report reveals that the average ransom paid to attackers in 2022 has dropped from an average of $5,940 in 2021 to $4,730 in 2022. This is the first time the average ransom amount has decreased in three years. The decrease in ransom payments is likely due to the increasing awareness of how dangerous it can be to pay ransom payments, and to the growing number of victims deciding not to pay in order to limit the profit potential of attackers. In addition, the report found that ransomware operators are becoming more sophisticated in their tactics. Cybercriminals are increasingly targeting specific vulnerabilities in order to maximize the damage that their attacks will cause. At the same time, they are employing new technologies like encryption to ensure that their attacks are more difficult to detect and reverse. The report also revealed that ransomware attacks have been targeting larger enterprises and government organizations more frequently. This is due to the fact that these organizations typically have more resources to pay higher ransoms or to successfully recover from the attack without paying. Overall, it is clear from the report that ransomware attacks are still a major threat in the cybersecurity world. While it is encouraging that more victims are choosing not to pay ransom demands, attackers will likely continue to refine their methods to evade detection and maximize the return on their attacks. Organizations need to implement strong defenses to prevent attacks, and be aware of the latest tactics being used by attackers in order to protect their data and systems.

This Cyber News was published on www.securityweek.com. Publication date: Tue, 24 Jan 2023 03:31:02 +0000


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