As cyber criminals continue to employ increasingly sophisticated methods to breach security protocols within organizations, cybersecurity will remain a major concern for businesses of all sizes. As such, the cost of cybercrime is set to increase with the global cybersecurity market estimated to reach $403.01 billion by 2027 with a compound annual growth rate (CAGR) of 12.5%. This article will look at some of the biggest trends affecting cybersecurity in 2022.
Increasing Ransomware Attacks
Ransomware continues to be one of the biggest and most pressing threats to cybersecurity at the moment. Figures from the EU Agency for Cybersecurity reveal that the largest ransomware demand increased from €13 million in 2019 to €62 million in 2021 and it is estimated that last year global ransomware resulted in €18 billion worth of damages. This amounts to 57 times more than in 2015. Visit this site to find out more about how to become cyber security analyst.Ransomware is malicious software designed to publish or deny a user access to data or a computer system unless they pay a ransom to unlock or decrypt files. Developments in ransomware have also seen the emergence of ransomware as a service (RaaS) allowing cyber criminals to monetize their ransomware on the dark web.Raas is a business model which sees operators offer affiliates paid subscriptions to their ransomware in order to execute ransomware attacks. Affiliates then make money by earning a percentage from each successful ransom demand. The difficulty in tracking down those involved coupled with the lucrative nature of this model will see ..
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