Ransomware operators have long targeted systems and data availability of their victims, and have been evolving their attack patterns to include the privacy and confidentiality of victim data as well. Attackers are increasingly pushing for double and sometimes triple extortion of their victims.
76% of ransomware attacks in 2022 were tied to a known vulnerability that was made public between 2010 and 2019, and old vulnerabilities that were discovered as far back as 2015 are still commonly exploited.
2020 and 2021 were record years for ransomware payments at about $765 million. The take collected by ransomware operators is now down 40% to $457 million in 2022.
Surveyed organizations reporting a 61% drop in ransomware attacks but the average cost of ransomware attacks remains high, even as study shows increasing complacency among organizations in keeping vital safety measures in place.
The White House summit brought together leaders from over 30 countries to discuss a global response to the threat of ransomware attacks. Event concluded with a broad variety of proposals including increased private sector engagement.
2021 was the year of ransomware, with attacks almost doubling in 2020. Cyber insurance providers, reeling from an historic couple of years, are maturing their qualification processes and raising the bar for pay-outs, so businesses can no longer rely on insurance alone as a protection and recovery strategy.
The FBI, CISA, and the Treasury Department warned about Maui ransomware attacks by state-sponsored North Korean hackers targeting US healthcare organizations.
Conti is able to breeze through ransomware attacks in as little as three days thanks to a polished setup that has been years in the making: custom ransomware and tools, a disciplined working schedule and a business-like structure.
Sophos found that 64% of healthcare organizations chose to pay ransom after ransomware attacks in 2021, up from 34% in 2020, but only 2% of payers recovered all encrypted data.
Conti ransomware group has transformed from lone wolves into a globe-spanning pack of well-organized criminals disrupting and casting into disarray government entities, private organizations, and small and medium-sized businesses.










