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Can you get hit by someone else's ransomware?
  • 22 Dec 2022

Can you get hit by someone else's ransomware?

Ransomware is among the most dangerous types of cybercrime. It is unusual for attackers to extort large amounts of cash from their victims. They may blackmail people for thousands of dollars, with the same victims opting to pay up instead of the risk of data or exposure.

We'll examine 93 types of ransomware for 2022 in detail throughout this essay, including:

The amount of hit by ransomware that has occurred

The sorts of companies that had targeted

Rates of extortion 

and a lot more

We gathered information from the most recent industry studies on cybersecurity. We also routinely update our data to provide you with the most up-to-date information about ransomware, including how to protect yourself.

The pervasiveness of ransomware assaults:

The following are the figures for ransomware growth in 2021 & 2022.

·         The frequency of hit by ransomware assaults peaked in Q2 2021, with 188.9 hundred thousand attacks through 2020 and Q2 2022.

·         In 2022, ransomware is still the most popular type of malware. Its popularity has increased due to its ability to extort the best quantities of money while providing little danger to hackers.

·         After phishing, ransomware is the second top source of data exposures in Q1 2022.

·         In 2021, there will be 623.3 million ransomware assaults worldwide, up from 304.6 hundred thousand detected attacks in 2020.

·         There were 236.1 hundred thousand ransomware attempts during the initial half of 2022.

Although Windows and Mac computers are the most commonly attacked, there has been a 146% spike in Linux ransomware.

·         In 2021, 76% of firms experienced one or even more ransomware attacks. Of that 76%, 42% has triggered by inadvertent user activities, such as opening malicious links in spam emails.

·         43% were the result of management or administrative carelessness.

·         There was an 82% increase in ransomware outbreaks in 2021, with 2,686 assaults compared to 1,474 in 2020.

·         There have been 707  famous ransomware attacks per firm in the initial half of 2022.

Ransomware targets countries:

Ransomware criminals primarily target wealthy nations to maximize revenues.

Since 2021, the United States was still the world's company attacked by ransomware, accounting for more than 51% of all instances. Among the other countries are:

·         UK — 10%

·         5% — Canada

·         3% France

·         3% — Australia

·         Japan — 2.5%

·         Brazil has a 2% share.

·         Germany has a 2% share.

·         21% of the remainder of the world

Ransomware targets certain industries:

Although recent ransomware attacks any industry sector, many businesses are more susceptible than others.

·         Legal (92%), Manufacturers (78%), Financial (78%), and Admin Manager (77%) are the industries most affected by ransomware in 2021.

·         Criminals utilized ransomware to target 14 of the 16 vital infrastructure sectors in the United States, which include emergency responders, food and agriculture, information technology, and government facilities.

·         In 2021, 86% of private-sector organizations said that ransomware lost them money in terms of revenues business.

·         The retail business saw a spike in ransomware – 100% — in 2021.

Ransomware's Impact on Businesses:

Companies hit by ransomware in 2022 incur enormous losses, including the loss of millions of dollars, customers, and even staff.

The price of ransomware:

Ransomware attacks will cost enterprises the following amount in 2021:

The worldwide cost of ransomware climbed considerably between 2015 and 2021, rising from $325 million in 2014 to a billion dollars in 2021.

·         67% of organizations impacted claimed variable frequency from $1 million to $10 million result of ransomware attacks.

·         4% of the firms affected predicted damages ranging from $25 billion to $50 million.

·         After a cyberattack, 37% of respondents said their organization had to terminate employees, which is more than 30% than in 2021.

·         Following a ransomware attack, 35% of people experience C-level resignations.

Statistics on ransom payments:

Certain businesses prefer to pay a ransom, even though it is typically not encouraged and, in some countries, illegal.

In the first quarter of 2022, the average global ransom payment was more than $200,000. It is about the same as in 2021, 204K, and far higher than the median in 2020, 169K.

In the initial half of 2022, the average payment was less than $100,000.

In Q1 2022, fewer companies paid a ransom (less than 50%) than in Q1 2019.

 Compare to 2020, the number of people paying $millions for ransom increased (11%) in 2021.

The number of firms paying less than $10,000 fell from one in three in 2020 to one in five in 2021.

Ransomware's impact on security budgets:

One of the crucial reasons for enterprise security expenditure is ransomware.

86% of responders have increased their financial investments better protect themselves from ransomware attacks.

According to 66% of respondents, their security expenditure grew by 11% to 50%.

Cyber insurance has been obtained by 93% of respondents, up from 75% in 2020.

The ransomware mitigation resources are allocated to information security (49%) and information protection (41%).