by Eric Wesley
The costs and demand requests associated with ransomware are skyrocketing as the number of attacks rise. Infosecurity Magazine projects that ransomware damages will exceed $30 billion worldwide in 2023.
Nearly half of all data breaches during the first six months of 2022 involved stolen credentials.
Switzerland-based cybersecurity company Acronis reported in its 2022 mid-year cyberthreat report that nearly half of all data breaches during the first six months of 2022 involved stolen credentials.
Three Common Entry Points
The report identified three ways that bad actors gained access for the breaches.
Ransomware attacks continue to be the number one threat to large and medium-sized businesses, including government organizations.
Report authors opine: “Increasing complexity in IT continues to lead to breaches and compromises highlighting the need for more holistic approaches to cyber-protection.” They suggest that the “current cybersecurity threat landscape requires a multi-layered solution that combines anti-malware, EDR, DLP, email security, vulnerability assessment, patch management, RMM, and backup capabilities all in one place.”
The report concludes that such attacks “continue to be the number one threat to large and medium-sized businesses, including government organizations.”
Organizations Must Be Vigilant
No environment can be completely impervious to a ransomware attack. Awareness and vigilance, however, can reduce the severity and harm such attacks cause.
Key steps include:
Acronis | Acronis Cyber Protection Operations Centers Report: Ransomware Dominates Threat Landscape | https://dl.acronis.com/u/rc/White-Paper-Acronis-Cyber-Protect-Cloud-Cyberthreats-Report-Mid-year-2022-EN-US-220811.pdf
Infosecurity Magazine | Global Ransomware Damages to Exceed $30bn by 2023 | 29 Aug 2022 | https://www.infosecurity-magazine.com/news/ransomware-exceed-30bn-dollars-2023/