Security News > 2021 > March > Number of ransomware attacks grew by more than 150%
Based on the analysis of more than 500 attacks observed during Group-IB's own incident response engagements and cyber threat intelligence activity, researchers estimate that the number of ransomware attacks grew by more than 150% in 2020.
In 2020, ransomware attacks on average caused 18 days of downtime for the affected companies, while the average ransom amount increased almost twofold.
Big Game Hunting - targeted ransomware attacks against wealthy enterprises - continued to be one of the defining trends in 2020.
It's no surprise that most of the ransomware attacks, that Group-IB analyzed, occurred in North America and Europe, where most of the Fortune 500 firms are located, followed by Latin America and the Asia-Pacific respectively.
Group-IB DFIR team observed that 64% of all ransomware attacks it analyzed in 2020 came from operators using the RaaS model.
With the rise of ransomware in 2020, cybercrime actors who use commodity malware such as Trickbot, Qakbot, and Dridex helped many ransomware operators to obtain initial access to target networks more and more often.
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