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Ransomware Hit $1 Billion in 2023
Ransomware Hit $1 Billion in 2023
In 2023, ransomware actors intensified their operations, targeting high-profile institutions and critical infrastructure, including hospitals, schools, and government agencies. Major ransomware supply chain attacks were carried out exploiting the ubiquitous file transfer software MOVEit, impacting companies ranging from the BBC to British Airways. As a result of these attacks and others, ransomware gangs reached an unprecedented milestone, surpassing $1 billion in extorted cryptocurrency payments from victims. Last year’s developments highlight the evolving nature of this cyber threat and its increasing impact on global institutions and security at large.
·chainalysis.com·
Ransomware Hit $1 Billion in 2023
Ransomware Cases Increased Greatly in 2023
Ransomware Cases Increased Greatly in 2023
As we move further into 2024, we must be cautious (maybe even fearful!) of ransomware cases increasing even more than in previous years. Though governments around the world are taking more interest in the worldwide threat, we can see from the increase of cases that our actions have not been enough to thwart the ransomware threat. As new groups continue to form, former groups continue to evolve into new brands, and the big players continue to ramp up their efforts, we must remain vigilant and focus on our preparation and early detection capabilities.
·sans.org·
Ransomware Cases Increased Greatly in 2023