Security News > 2023 > December > Ransomware trends and recovery strategies companies should know

Ransomware attacks continue at a record-breaking pace, with Q3 2023 global ransomware attack frequency up 11% over Q2 and 95% year-over-year, according to Corvus Insurance.

Companies scramble to integrate immediate recovery into ransomware plans.

The fact that companies are reevaluating strategies they have in place, especially considering that nearly two thirds of those surveyed have multiple data protection and ransomware detection tools at their disposal, signals that prevention is not enough and that legacy data protection falls short.

US-based organizations remain a prime target for ransomware operators, with the highest number of ransomware victims in the first half of 2023 - accounting for nearly half of all ransomware attacks.

Ransomware shows no signs of slowing, with ransomware activity ending 13 times higher than at the start of 2023 as a proportion of all malware detections, according to Fortinet.

GRIT's analysis shows an increase in the use of novel coercive tactics by numerous prolific ransomware groups that follow the "Double extortion" model of operations, where the ransomware operators not only encrypt files on corrupted networks and hosts, but also exfiltrate data.

News URL

https://www.helpnetsecurity.com/2023/12/19/ransomware-trends-recovery-statistics/