Ransomware attacks can have severe consequences, causing financial losses, reputational damage, and operational disruptions.
The methods used to deliver ransomware vary, including phishing emails, malicious websites, and exploiting vulnerabilities in software or operating systems.
Ransomware attacks continue at a record-breaking pace, with Q3 2023 global ransomware attack frequency up 11% over Q2 and 95% year-over-year, according to Corvus Insurance.
Companies scramble to integrate immediate recovery into ransomware plans.
The fact that companies are reevaluating strategies they have in place, especially considering that nearly two thirds of those surveyed have multiple data protection and ransomware detection tools at their disposal, signals that prevention is not enough and that legacy data protection falls short.
Ransomware groups continue to increase their operational tempo.
Ransomware groups are shifting their focus away from larger targets.
US-based organizations remain a prime target for ransomware operators, with the highest number of ransomware victims in the first half of 2023 - accounting for nearly half of all ransomware attacks.
Median attacker dwell time-the time from when an attack starts to when it's detected-shrunk from 10 to eight days for all attacks, and to five days for ransomware attacks during the first half of 2023, according to Sophos.
New disturbing ransomware trend threatens organizations.
75% of consumers prepared to ditch brands hit by ransomware.
Ransomware cyber insurance claims up by 27%. Coalition found that both claims frequency and severity rose for businesses in early 2023 across all revenue bands.
Threat actors are getting increasingly bold in their ransomware demands, giving their targets no choice but to relent and pay to get their data back and restore daily operations.
Ransomware groups increasingly target the exfiltration of files, the unauthorized extraction or transfer of sensitive information, which has become the primary source of extortion.
The ransomware rollercoaster continues as criminals advance their business models.
Ransomware shows no signs of slowing, with ransomware activity ending 13 times higher than at the start of 2023 as a proportion of all malware detections, according to Fortinet.
12 vulnerabilities newly associated with ransomware.
Ransomware groups are continuously weaponizing vulnerabilities and adding them to their arsenal to mount crippling and disruptive attacks on their victims.
In Q1 2023, researchers identified 12 vulnerabilities newly associated with ransomware.
New coercive tactics used to extort ransomware payments.
This Cyber News was published on www.helpnetsecurity.com. Publication date: Tue, 19 Dec 2023 04:43:04 +0000