ACCORDING to Cybersecurity Ventures, ransomware will cost its victims around $265 billion by 2031. In the first half of 2023, Check Point Research's 2023 Mid-Year Report found that 48 ransomware groups reported breaching and publicly extorting more than 2,200 victims around the world. 45 percent of the attacks were against US-based organizations — far and away more than any other country.
According to Verizon's 2023 DBIR report, 24 percent of all breaches involved ransomware. And these ransomware attacks are disproportionately focusing on manufacturing, retail and software services. It's interesting to note that while government, health care and education are the most attacked industries — they are not the main focus for ransomware.
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