Ransomware is still one of the most serious cybersecurity risks that organizations and governments face. However, as organizations make a conscious decision to deny ransom payment demands, cybercriminals are devising new methods to recover ransom from their victims. The fall of the most known ransomware gang, Conti, in May 2022, was expected to result in a significant decrease in ransomware attacks. Tenable discovered that 35.5% of breaches in 2022 were caused by a ransomware assault, a slight 2.5% decline from 2021.
Meanwhile, ransomware payouts are expected to fall by 38% in 2022, prompting hackers to embrace more professional and corporate approaches to assure larger returns, according to Trend Micro’s Annual Cybersecurity Report.
“Cybercriminals increasingly have KPIs and targets to achieve. There are specific targets that they need to penetrate within a specific time period. It has become a very organized crime because of the business model that the ransomware groups follow because of which they have started increasing the pressure,” said Maheswaran S, country manager at Varonis Systems. Content was cut in order to protect the source.Please visit the source for the rest of the article.
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