Security News > 2023 > January > Ransomware attacks are decreasing, but companies remain vulnerable

Only a quarter of the respondents said they were victims of ransomware attacks in 2022, a significant drop from 64% the previous year.

Over the same period, 13% of companies with fewer than 100 staffers were victimized by ransomware, down from 34%. Why the decline? Delinea cited a few possible reasons: One factor may be the disbanding of the Conti ransomware group into smaller factions; another cause might be the greater effectiveness of security tools in preventing attacks; alternatively, it's possible fewer victims are reporting ransomware attacks.

Though fewer companies may have been victims of ransomware last year, those that do get hit suffer several consequences.

Along with the drop in ransomware attacks has been a decline in certain measures that companies take to protect themselves.

76% of organizations hit by a ransomware attack boosted their security budget in response, up from 72% the prior year.

How can organizations better protect themselves against ransomware attacks? The respondents cited several steps that they've taken themselves.

News URL

https://www.techrepublic.com/article/ransomware-attacks-decreasing-companies-remain-vulnerable/