In today’s digital landscape, ransomware attacks have become a significant threat to businesses worldwide. Between 2018 and 2023, 73% of companies experienced ransomware attacks*, highlighting the urgency for enhanced cybersecurity measures. Read on as we dive into more ransomware statistics, the common tactics ransomware hackers use, and the profound impact these attacks have on organizations.
Common Tactics Used by Ransomware Hackers
- Email Phishing: One of the most prevalent methods, email phishing involves sending deceptive emails that trick recipients into providing personal information or clicking compromised links. These emails often appear legitimate, making them particularly dangerous.
- Software Vulnerabilities: Hackers exploit software bugs or weaknesses to gain unauthorized access to data. Ensuring software is regularly updated and patched is crucial to preventing such breaches.
- Remote Desktop Vulnerabilities: If not properly secured, remote desktop protocols can be a gateway for hackers. By exploiting these vulnerabilities, hackers can remotely access and control computers, leading to devastating consequences.
The Alarming Impact of Ransomware Attacks
The statistics surrounding ransomware are eye-opening. In 2022 alone, there were 236 million ransomware attacks.* Despite the high frequency of attacks, only 8% of organizations that paid the ransom regained access to their data.* Alarmingly, 80% of companies that paid the ransom were targeted again shortly after,* underscoring the importance of not succumbing to ransom demands.
The aftermath of a ransomware attack can be severe. Approximately 31% of organizations were forced to temporarily or permanently suspend operations*, while 29% had to eliminate positions as a direct result of an attack.* The financial burden is equally significant, with the average ransom in 2023 reaching $1.54 million.*
The Prevalence and Evolution of Ransomware
Ransomware attacks accounted for 68% of reported cyberattacks globally in 2022,* and the number of attacks has surged by 148%.* Crypto ransomware, which encrypts data and demands payment for decryption, remains the most common type. Additionally, new ransomware variants are continually emerging, making it important for businesses to stay vigilant and proactive in their cybersecurity efforts.
The threat of ransomware is real and ever-evolving. Businesses must prioritize cybersecurity to protect their data, operations, and employees from the devastating effects of an attack. To further understand the impact and tactics of ransomware, view our detailed infographic and arm yourself with the knowledge to stay secure. View the infographic here.
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Sources
- https://www.cybereason.com/blog/report-ransomware-attacks-and-the-true-cost-to-business-2022
- https://www.cybereason.com/blog/ransomware-attacks-by-the-numbers-and-how-to-defend-against-them
- https://www.statista.com/statistics/494947/ransomware-attempts-per-year-worldwide/
- https://www.statista.com/topics/4136/ransomware/#topicOverview
- https://www.searchlogistics.com/learn/statistics/ransomware-statistics/
- https://www.tripwire.com/state-of-security/state-of-security-ransomware
- https://assets.sophos.com/X24WTUEQ/at/h48bjq7fqnqp3n5thwxtg4q/sophos-the-state-ransomware-2023-infographic-1200-1200px_2x.png
- https://www.techtarget.com/searchsecurity/news/252481832/Ransomware-attacks-see-148-surge-amid-COVID-19
