94 percent of companies would pay a ransom despite having 'do not pay' policies
Cyberattacks are forcing the majority of companies to pay ransoms and break their 'do not pay' policies, with data recovery deficiencies compounding the problem.
New research from Cohesity, based on responses from over 900 IT and security decision-makers, shows that companies firmly operate in a 'when,' not 'if,' reality of cyberattacks.
Ransomware on the rise with mid-size companies a prime target
A new report from Delinea shows that, while still not back to 2021 levels, ransomware attacks are increasing.
What's more, mid-sized companies appeared to be in cybercriminals’ sights the most, with 65 percent saying they've been a ransomware victim over the past 12 months. Organizations are also paying ransoms more frequently, up to 76 percent from 68 percent the prior year.
2023 marked an 80 percent increase in ransomware activity
The latest annual report from the GuidePoint Research and Intelligence Team (GRIT) observed 63 distinct ransomware groups using encryption, data exfiltration, data extortion, and other novel tactics to compromise and publicly post 4,519 victims across all 30 of GRIT's tracked industries, and in 120 countries, across 2023.
Most impacts affected a limited subset of industries. 62 percent of all observed victims belong to one of the top ten most-impacted industries, with manufacturing and technology remaining the two most-impacted.
Organizations face devastating financial consequences from cyberattacks
A new report from Barracuda Networks and the Ponemon Institute looks at 'cybernomics' -- the financial forces that are driving cyberattacks.
Based on a survey of over 1,900 IT security practitioners it finds the average annual cost to respond to compromises is a startling $5.34 million.
Over 90 percent of organizations set to increase data protection spending
The latest Data Protection Trends report from Veeam Software shows 92 percent of organizations will increase their 2024 data protection spend, to achieve cyber resilience amid continued threats of ransomware and cyber-attacks.
However, while companies say they will spend more trying to fend off cyberattacks, the report finds IT leaders are feeling even less protected and more concerned about their ability to recover and restore mission-critical data.
How many times are you going to think about ransomware in 2024?
In 2023, we saw the popular trend of asking "how many times a week do you think about the Roman Empire?", and as an avid Roman Empire fan, my answer was a lot. In fact, the fall of the Roman Empire can be easily compared to ransomware breaches.
In 410 AD, the impenetrable walls of Rome were breached by the Visigoths, signaling an end to the once-mighty empire. The reason for the defeat of the Romans was complacency -- the walls and other defenses were in a state of disrepair, and Rome lacked a substantial military presence.
Ransomware attacks lead to companies raising prices
Ransomware attacks are influencing price inflation, according to a new UK survey by Censuswide, commissioned by Veeam Software.
The findings show that large organizations are having to increase costs to customers by an average of 17 percent following an attack. Nearly a quarter of companies (22 percent) say they increased prices by 21-30 percent, while six percent increased prices by 31-40 percent.
Elevating enterprise resilience with real-time ransomware detection
2023 looks set to be yet another record-breaking year for ransomware attacks. According to Statista, over 72 percent of businesses worldwide have already been affected by ransomware attacks this year, with LockBit3.0 and CI0p Ransomware claiming the bulk of victims last quarter.
The scourge of modern digital businesses everywhere, the proliferation of ransomware shows no sign of slowing down thanks to the rise of ransomware-as-a-service (RaaS) platforms -- so much so that it has become the most prevalent issue confronting organizations today.
Cloud storage vulnerable to ransomware attacks
New research from Dig reveals that cloud assets like Amazon S3 buckets and Azure Storage accounts are being left open to ransomware attacks thanks to poor configuration.
It shows that only 31 percent of S3 buckets have versioning enabled, an essential for data recovery, while just two-thirds of sensitive buckets have logging enabled, a prerequisite for detection. In addition 72 percent of remote CMK buckets are not actively monitored.
Companies step up investment in ransomware protection
In the wake of the MOVEit vulnerability, which affected an estimated 40 million people around the world, businesses are stepping up their investment in ransomware protection.
A new study carried out by Censuswide for Veeam Software surveyed 100 directors of UK companies with over 500 employees who had suffered a ransomware attack in the past 18 months and finds 24 percent report they are significantly more anxious about ransomware attacks as a direct result of the MOVEit breach.
New ransomware groups account for a quarter of all leaks
The world of cybercrime and ransomware never stands still, and a new report from WithSecure shows more advertised data leaks in the first nine months of this year than all of 2022.
‘New’ groups accounted for about a quarter of all the leaks, with Akira and 8base being particularly prominent sources.
90 percent of SMBs fear ransomware but 65 percent don't think they're a target
According to a new report, 90 percent of SMBs are extremely or somewhat concerned about a ransomware attack, yet 65 percent don't think or aren't sure that they're a ransomware target.
The latest Cybersecurity Global Ransomware Survey from OpenText show a similarity in how small-to-medium sized businesses (SMBs) and enterprises (more than 1,000 employees) think about ransomware attacks, including this disconnect about who is a target and growing concern about the use of AI by threat actors.
The nastiest malware of 2023
OpenText Cybersecurity has released its sixth annual look at the threat landscape to reveal the most notorious malware trends.
This year four new ransomware gangs, believed to be a new generation of previous big players, top the list. Newcomer Cl0p takes the prize for this year's nastiest malware after commanding exorbitant ransom demands with its MOVEit campaign.
Number of ransomware victims reaches record high
A new report from GuidePoint Security's Research and Intelligence Team (GRIT) shows a total of 3,385 publicly posted ransomware victims in the first three quarters of this year, claimed by 57 different threat groups, representing an 83 percent year-on-year increase.
Attacks directed against US-based organizations decreased, but there has been a marked increase in attacks impacting other nations. Other countries consistently affected, like the UK, saw an approximate 41 percent increase in attacks in Q3.
New trend in ransomware: Anonymity
Imagine if you were attacked and you didn’t know the identity of the assailant. Not knowing who they were, what their motivations are, or their attack track record would leave you feeling helpless.
There is a disturbing new trend in ransomware attacks: anonymity. In the "halcyon" days of early attacks, the group attacking the victim would always say who they were. Now though, we are seeing a spike in attacks where the offending group is concealing their identity, and finding out who they are is a complicated process. If you’re lucky enough to have a wealth of dark web and other data to examine, threat actors are human, which means they usually make a mistake that reveals them.
Recent Headlines
© 1998-2025 BetaNews, Inc. All Rights Reserved. Privacy Policy - Cookie Policy.