Security News > 2023 > September > Current ransomware defensive efforts are not working

Despite some positive developments, the impact of ransomware attacks remains high, according to SpyCloud.

Infostealer infections preceded 22% of ransomware events for North American and European ransomware victim companies in 2023 - with common infostealers such as Raccoon, Vidar, and Redline increasing the probability even further.

SpyCloud's analysis shows that 76% of infections that preceded these ransomware events involved Raccoon infostealer malware.

Despite shifting priorities to better address ransomware, organizations are failing to address infostealer malware - a common precursor to ransomware attacks.

"Ransomware is a malware problem at its core, and there's a clear pattern emerging that shows infostealer malware is directly leading to ransomware attacks," said Trevor Hilligoss, Senior Director of Security Research at SpyCloud.

Respondents ranked the importance of MFA much higher than in previous years, although data backup remained organizations' most important perceived countermeasure to ransomware.

News URL

https://www.helpnetsecurity.com/2023/09/25/infostealer-malware-ransomware/