Last year, ransomware attacks increased in number and sophistication, with a higher cost and more victims. Let’s take a look at some of the unbelievable and scary ransomware stats.
Number of attacks
- 2,321 ransomware attacks occurred from January to June 2024
- 59% of organizations were victims of a ransomware attack between January and February 2024
- 75 ransomware groups were active in 2024
Cost of attacks
- The average ransom payment in Q3 2024 was $479,237
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Ransom bills have increased fivefold in the last 12 months
Targets of attacks
- Commercial sectors were the top targets (legal, chemical and manufacturing, healthcare)
- Healthcare and emergency services were targeted more in the first six months of 2024
- Construction was the most targeted sector in Q3 2024
3 Most Common Attack methods
- 32% of attacks started with an unpatched vulnerability
- Credential compromise was the second-most common cause of successful ransomware attacks
- Malicious email ranked third
Extortion tactics
- Ransomware attackers have begun using more aggressive extortion tactics, such as double and triple extortion – a type of ransomware attack where a cybercriminal extorts their victim multiple times, namely by encrypting data, exfiltrating data to expose and threatening a third attack vector.
What You Should Be Doing – NOW
- Many companies are not only leaving their doors unlocked, but they are inviting cyber criminals in. Our free 1-hour overview audit addresses these subjects and more.
- If you haven’t already executed a comprehensive cybersecurity plan, why not? These unbelievable and scary ransomware stats ought to provide you with motivation! Our customers have stated that the fear of the cost and the effort is what has held them back. But in reality, taking small steps can secure your business, BIG time! Let Nieto help you secure your business. Click here to request a FREE 1-hour high-level evaluation of your security risk. We also provide a FREE DIY Cybersecurity Plan tool to help you get started.
Visit https://nieto.com/cybersecurity and start protecting your business!
