Can you get hit by someone else's ransomware?
<p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 12.0pt; line-height: 150%;">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.</span></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 12.0pt; line-height: 150%;">We'll examine 93<strong> </strong></span><a href="https://solutioncorridor.com/"><strong><span style="font-size: 12.0pt; line-height: 150%;">types of ransomware for 2022</span></strong></a><span style="font-size: 12.0pt; line-height: 150%;"> in detail throughout this essay, including:</span></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 12.0pt; line-height: 150%;">The amount of </span><a href="https://solutioncorridor.com/"><strong><span style="font-size: 12.0pt; line-height: 150%;">hit by ransomware</span></strong></a><span style="font-size: 12.0pt; line-height: 150%;"> that has occurred</span></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 12.0pt; line-height: 150%;">The sorts of companies that had targeted</span></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 12.0pt; line-height: 150%;">Rates of extortion </span></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 12.0pt; line-height: 150%;">and a lot more</span></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 12.0pt; line-height: 150%;">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.</span></p> <p class="MsoNormal" style="line-height: 150%;"><strong><span style="font-size: 12.0pt; line-height: 150%;">The pervasiveness of ransomware assaults:</span></strong></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 12.0pt; line-height: 150%;">The following are the figures for ransomware growth in 2021 & 2022.</span></p> <p class="MsoListParagraphCxSpFirst" style="text-indent: -.25in; line-height: 150%; mso-list: l3 level1 lfo1;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">The frequency of </span><a href="https://solutioncorridor.com/"><strong><span style="font-size: 12.0pt; line-height: 150%;">hit by ransomware</span></strong></a><span style="font-size: 12.0pt; line-height: 150%;"> assaults peaked in Q2 2021, with 188.9 hundred thousand attacks through 2020 and Q2 2022. </span></p> <p class="MsoListParagraphCxSpMiddle" style="text-indent: -.25in; line-height: 150%; mso-list: l3 level1 lfo1;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">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.</span></p> <p class="MsoListParagraphCxSpMiddle" style="text-indent: -.25in; line-height: 150%; mso-list: l3 level1 lfo1;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">After phishing, ransomware is the second top source of data exposures in Q1 2022.</span></p> <p class="MsoListParagraphCxSpMiddle" style="text-indent: -.25in; line-height: 150%; mso-list: l3 level1 lfo1;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">In 2021, there will be 623.3 million ransomware assaults worldwide, up from 304.6 hundred thousand detected attacks in 2020.</span></p> <p class="MsoListParagraphCxSpMiddle" style="text-indent: -.25in; line-height: 150%; mso-list: l3 level1 lfo1;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">There were 236.1 hundred thousand ransomware attempts during the initial half of 2022. </span></p> <p class="MsoListParagraphCxSpMiddle" style="line-height: 150%;"><span style="font-size: 12.0pt; line-height: 150%;">Although Windows and Mac computers are the most commonly attacked, there has been a 146% spike in Linux ransomware.</span></p> <p class="MsoListParagraphCxSpMiddle" style="text-indent: -.25in; line-height: 150%; mso-list: l3 level1 lfo1;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">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.</span></p> <p class="MsoListParagraphCxSpMiddle" style="text-indent: -.25in; line-height: 150%; mso-list: l3 level1 lfo1;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">43% were the result of management or administrative carelessness.</span></p> <p class="MsoListParagraphCxSpMiddle" style="text-indent: -.25in; line-height: 150%; mso-list: l3 level1 lfo1;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">There was an 82% increase in ransomware outbreaks in 2021, with 2,686 assaults compared to 1,474 in 2020.</span></p> <p class="MsoListParagraphCxSpMiddle" style="text-indent: -.25in; line-height: 150%; mso-list: l3 level1 lfo1;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">There have been 707 </span><a href="https://solutioncorridor.com/"><strong><span style="font-size: 12.0pt; line-height: 150%;">famous ransomware attacks</span></strong></a><strong><span style="font-size: 12.0pt; line-height: 150%;"> </span></strong><span style="font-size: 12.0pt; line-height: 150%;">per firm in the initial half of 2022.</span></p> <p class="MsoNormal" style="line-height: 150%;"><strong><span style="font-size: 12.0pt; line-height: 150%;">Ransomware targets countries:</span></strong></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 12.0pt; line-height: 150%;">Ransomware criminals primarily target wealthy nations to maximize revenues.</span></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 12.0pt; line-height: 150%;">Since 2021, the United States was still the world's </span><a href="https://solutioncorridor.com/"><strong><span style="font-size: 12.0pt; line-height: 150%;">company attacked by ransomware</span></strong></a><span style="font-size: 12.0pt; line-height: 150%;">, accounting for more than 51% of all instances. Among the other countries are:</span></p> <p class="MsoListParagraphCxSpFirst" style="text-indent: -.25in; line-height: 150%; mso-list: l2 level1 lfo4;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">UK — 10%</span></p> <p class="MsoListParagraphCxSpMiddle" style="text-indent: -.25in; line-height: 150%; mso-list: l2 level1 lfo4;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">5% — Canada</span></p> <p class="MsoListParagraphCxSpMiddle" style="text-indent: -.25in; line-height: 150%; mso-list: l2 level1 lfo4;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">3% France</span></p> <p class="MsoListParagraphCxSpMiddle" style="text-indent: -.25in; line-height: 150%; mso-list: l2 level1 lfo4;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">3% — Australia</span></p> <p class="MsoListParagraphCxSpMiddle" style="text-indent: -.25in; line-height: 150%; mso-list: l2 level1 lfo4;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">Japan — 2.5%</span></p> <p class="MsoListParagraphCxSpMiddle" style="text-indent: -.25in; line-height: 150%; mso-list: l2 level1 lfo4;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">Brazil has a 2% share.</span></p> <p class="MsoListParagraphCxSpMiddle" style="text-indent: -.25in; line-height: 150%; mso-list: l2 level1 lfo4;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">Germany has a 2% share.</span></p> <p class="MsoListParagraphCxSpLast" style="text-indent: -.25in; line-height: 150%; mso-list: l2 level1 lfo4;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">21% of the remainder of the world</span></p> <p class="MsoNormal" style="line-height: 150%;"><strong><span style="font-size: 12.0pt; line-height: 150%;">Ransomware targets certain industries:</span></strong></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 12.0pt; line-height: 150%;">Although </span><a href="https://solutioncorridor.com/"><strong><span style="font-size: 12.0pt; line-height: 150%;">recent ransomware attacks</span></strong></a><strong><span style="font-size: 12.0pt; line-height: 150%;"> </span></strong><span style="font-size: 12.0pt; line-height: 150%;">any industry sector, many businesses are more susceptible than others.</span></p> <p class="MsoListParagraphCxSpFirst" style="text-indent: -.25in; line-height: 150%; mso-list: l1 level1 lfo2;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">Legal (92%), Manufacturers (78%), Financial (78%), and Admin Manager (77%) are the industries most affected by ransomware in 2021.</span></p> <p class="MsoListParagraphCxSpMiddle" style="text-indent: -.25in; line-height: 150%; mso-list: l1 level1 lfo2;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">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.</span></p> <p class="MsoListParagraphCxSpMiddle" style="text-indent: -.25in; line-height: 150%; mso-list: l1 level1 lfo2;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">In 2021, 86% of private-sector organizations said that ransomware lost them money in terms of revenues business.</span></p> <p class="MsoListParagraphCxSpLast" style="text-indent: -.25in; line-height: 150%; mso-list: l1 level1 lfo2;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">The retail business saw a spike in ransomware – 100% — in 2021.</span></p> <p class="MsoNormal" style="line-height: 150%;"><strong><span style="font-size: 12.0pt; line-height: 150%;">Ransomware's Impact on Businesses:</span></strong></p> <p class="MsoNormal" style="line-height: 150%;"><a href="https://solutioncorridor.com/"><strong><span style="font-size: 12.0pt; line-height: 150%;">Companies hit by ransomware in 2022</span></strong></a><span style="font-size: 12.0pt; line-height: 150%;"> incur enormous losses, including the loss of millions of dollars, customers, and even staff.</span></p> <p class="MsoNormal" style="line-height: 150%;"><strong><span style="font-size: 12.0pt; line-height: 150%;">The price of ransomware:</span></strong></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 12.0pt; line-height: 150%;">Ransomware attacks will cost enterprises the following amount in 2021:</span></p> <p class="MsoNormal" style="line-height: 150%;"><strong><span style="font-size: 12.0pt; line-height: 150%;">The worldwide cost of ransomware climbed considerably between 2015 and 2021, rising </span></strong><span style="font-size: 12.0pt; line-height: 150%;">from $325 million in 2014 to a billion dollars in 2021.</span></p> <p class="MsoListParagraphCxSpFirst" style="text-indent: -.25in; line-height: 150%; mso-list: l0 level1 lfo3;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">67% of organizations impacted claimed variable frequency from $1 million to $10 million result of ransomware attacks.</span></p> <p class="MsoListParagraphCxSpMiddle" style="text-indent: -.25in; line-height: 150%; mso-list: l0 level1 lfo3;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">4% of the firms affected predicted damages ranging from $25 billion to $50 million.</span></p> <p class="MsoListParagraphCxSpMiddle" style="text-indent: -.25in; line-height: 150%; mso-list: l0 level1 lfo3;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">After a cyberattack, 37% of respondents said their organization had to terminate employees, which is more than 30% than in 2021.</span></p> <p class="MsoListParagraphCxSpLast" style="text-indent: -.25in; line-height: 150%; mso-list: l0 level1 lfo3;"><!-- [if !supportLists]--><span style="font-size: 12.0pt; line-height: 150%; font-family: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol;">·<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal;"> </span></span><!--[endif]--><span style="font-size: 12.0pt; line-height: 150%;">Following a ransomware attack, 35% of people experience C-level resignations.</span></p> <p class="MsoNormal" style="line-height: 150%;"><strong><span style="font-size: 12.0pt; line-height: 150%;">Statistics on ransom payments:</span></strong></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 12.0pt; line-height: 150%;">Certain businesses prefer to pay a ransom, even though it is typically not encouraged and, in some countries, illegal.</span></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 12.0pt; line-height: 150%;">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.</span></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 12.0pt; line-height: 150%;">In the initial half of 2022, the average payment was less than $100,000.</span></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 12.0pt; line-height: 150%;">In Q1 2022, fewer companies paid a ransom (less than 50%) than in Q1 2019.</span></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 12.0pt; line-height: 150%;"> Compare to 2020, the number of people paying $millions for ransom increased (11%) in 2021.</span></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 12.0pt; line-height: 150%;">The number of firms paying less than $10,000 fell from one in three in 2020 to one in five in 2021.</span></p> <p class="MsoNormal" style="line-height: 150%;"><strong><span style="font-size: 12.0pt; line-height: 150%;">Ransomware's impact on security budgets:</span></strong></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 12.0pt; line-height: 150%;">One of the crucial reasons for enterprise security expenditure is ransomware.</span></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 12.0pt; line-height: 150%;">86% of responders have increased their financial investments better protect themselves from ransomware attacks.</span></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 12.0pt; line-height: 150%;">According to 66% of respondents, their security expenditure grew by 11% to 50%.</span></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 12.0pt; line-height: 150%;">Cyber insurance has been obtained by 93% of respondents, up from 75% in 2020.</span></p> <p class="MsoNormal" style="line-height: 150%;"><span style="font-size: 12.0pt; line-height: 150%;">The ransomware mitigation resources are allocated to information security (49%) and information protection (41%).</span></p>
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