Security News > 2022 > March > Ransomware infections top list of the most common results of phishing attacks

Eighty-four percent of organizations reported falling victim to a phishing attack last year, Egress said, and of those 59% were infected with ransomware as a result.

If you add in the 14% of businesses that said they weren't hit with a phishing attack, and you still end up at around 50% of all organizations having been hit with ransomware in 2021.

Egress said that its data shows there has been a 15% increase in successful phishing attacks over the past 12 months, with the bulk of the attacks utilizing malicious links and attachments.

Despite the increase in successful phishing attempts, and despite the fact that more than half of those attacks lead to ransomware infections, only 23% of boards of directors consider ransomware a top priority.

52% of organizations allocate less than one quarter of their security budget to dealing with phishing despite the fact that 84% of organizations fell victim to such attacks in 2021.

"Payouts to cybercriminals, particularly for ransomware demands, often fund further attacks and put organizations at greater future risk of repeat attacks," the report said.

News URL

https://www.techrepublic.com/article/ransomware-infections-top-list-of-the-most-common-results-of-phishing-attacks/