Security News > 2024 > May > Ransomware fallout: 94% experience downtime, 40% face work stoppage

Within the last 12 months, 48% of organizations identified evidence of a successful breach within their environment, according to Arctic Wolf.

66% of organizations that suffered a data breach in the last year chose to publicly disclose information regarding their incidents, while 30% only disclosed their breaches to impacted parties.

70% of organizations were the targets of attempted BEC attacks in the last year, with 29% of these targets becoming victims of one or more successful BEC occurrences.

With many organizations moving to cloud-based email services like Office365, these types of attacks can be difficult to identify with traditional security tools and may go undetected until they have successfully executed their objectives.

This is why it is important when adopting Office365 or alternatives to employ detection tools or services specifically designed to monitor for threats related to BEC. 45% of respondents claim their organization suffered a ransomware attack in the last 12 months, an increase from last year, with 86% of those attacks including successful data exfiltration.

"This year's insights highlight the increasing sophistication of threat actors and the realities of cyber incidents for organizations all around the world. Attackers are focusing on the human element, as evident with the overwhelming targeting via business email compromise. No matter the method of intrusion, the stakes are even higher for business leaders as most successful ransomware attacks involve data exfiltration," said Ian McShane, VP, Managed Detection and Response, Arctic Wolf.

News URL

https://www.helpnetsecurity.com/2024/05/23/ransomware-attacks-data-exfiltration/