Report: 90% of companies affected by ransomware in 2022

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An annual SpyCloud survey discovered that 90% of organizations had been impacted by ransomware over the previous twelve months, an alarming improve from final yr’s 72.5%.

To compile the 2022 Ransomware Defense Report, SpyCloud requested over 300 people in lively IT safety roles at U.S., UK and Canadian organizations with not less than 500 staff to guage the risk of ransomware, in addition to their companies’ cyber readiness, over the previous 12 months.

Their insights present that whereas companies have activated to strengthen their cybersecurity postures throughout the board in mild of the elevated risk of ransomware, criminals have gotten extra refined, leveraging gaps in safety to perpetrate assaults.

Despite elevated funding in cybersecurity, over the previous yr, the relentless tide of ransomware continued to disrupt operations and put organizations’ knowledge in danger. Moreover, organizations had been extra seemingly than final yr to be impacted greater than as soon as: 50% had been hit not less than twice, 20.3% had been hit between 6 and 10 occasions and seven.4% had been attacked greater than 10 occasions.

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The rising prevalence of repeat assaults is a sign that standard strategies resembling knowledge backups –– which respondents noticed as their most vital ransomware countermeasure –– nonetheless depart delicate knowledge uncovered. Once an assault has occurred, retrieving misplaced knowledge doesn’t forestall attackers from sharing it on the darkish net, permitting criminals to make use of it for future nefarious actions, together with their subsequent assault.

Malware hits safety protection gaps

Malware preparedness additionally represents a significant hole in organizations’ defenses. IT safety groups face a near-total lack of visibility into malware infections on unmanaged units used to entry work purposes or accounts. According to 87% of respondents, stories of credential-stealing malware resembling RedLine Stealer have elevated the give attention to unmanaged private units as a possible entry level for ransomware.

Their issues are well-founded: Malware infections are extra frequent than companies could understand. Through evaluation of botnet logs recaptured this yr alone, SpyCloud researchers recognized over 6 million malware-infected units with software credentials siphoned.

While the report indicated organizations are making strides towards higher prevention –– those who applied or plan to implement multifactor authentication almost doubled to 96% from 56% final yr –– the report’s findings present that closing key gaps round uncovered knowledge and malware is essential to creating a dent in the struggle in opposition to ransomware.

Read the total report from SpyCloud.

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