Cyber Extortion activity reached the highest volume ever recorded in Q1 2023 after a decline of 8% in 2022, reveals new Orange Cyberdefense report
- The shift previously observed in the geographical location of cyber extortion (Cy-X) victims continues to accelerate, moving from the United States (-21%), and Canada (-28%) to Southeast Asia region (+42%), the Nordics (+40%) & Latin America (+32%). * Whilst Manufacturing continues to be the biggest industry impacted, the number of victims decreased (-39%), with a shift towards the Utilities sector (+51%), Educational Services (+41%) and Finance and Insurance Sectors (+11%). * Businesses in 96 different countries were impacted by Cy-X in 2022, equating to nearly half (49%) the countries in the world. Since 2020 Orange Cyberdefense has recorded victims in over 70% of all countries worldwide * Over 2,100 organizations in the world were publicly shamed as a victim of Cy-X in 2022, across an almost even distribution of business sizes.