Most common tactics Ransomware attackers are using are phishing campaigns, RDP vulnerabilities. Not all data breaches are related to customer information. 1. The FBI reported an increase of more than 225% in total losses from ransomware in the U.S. in 2020. Found inside – Page 5This report aims to help in this task by assessing what we know about cyber security threats based on a review of 70 studies published by public authorities, companies, and research organizations from about 15 countries over the last few ... “Whether a 500-person company or a 50,000-person company, everybody’s a target,” said Chris Silva, analyst at Gartner. Taking estimates from Adroit Market Research, Markets and Markets, and Data Bridge Market Research reports over the last two years, the third-party risk management industry was valued . Ransomware attacks are growing more than 350% annually. attack in April 2021 on engineering firm Dennis Group, another in August 2021 on IT consulting firm Accenture, Ireland’s national health service fell victim to a ransomware attack, ransomware operators using pandemic-themed phishing content, Department of Justice said it later recovered half of that payment, counted 82 separate ransomware incidents in the global healthcare sector, ransomware attack on a hospital in Düsseldorf, ransomware attack targeting a municipality, New York’s Department of Financial Services recently warned, Sophos surveyed 550 IT decision-makers from the financial sector, assess his own organization’s network infrastructure and cybersecurity posture, 3 Ransomware Detection Techniques To Catch An Attack, Bitdefender releases REvil universal ransomware decryptor, Nagios XI vulnerabilities open enterprise IT infrastructure to attack, Cybersecurity leaders back law for critical infrastructure, Shakira: Singer attacked by a pair of wild boars – BBC News, 8 ways vaccinated tourists get the travel edge, Biden suffers blow as trillion-dollar vote delayed – BBC News, Global Digital Signature Market | On Premise Accounts for Largest Market Share With 58% in 2020 – ResearchAndMarkets.com, Australia to lift 18-month COVID-19 travel ban next month – The Journal, GriftHorse Malware has Infected More than 10 Million Android Devices – E Hacking News, Australian border to reopen for first time in pandemic – BBC News, Analysis: ‘Perfect storm’ lifts dollar over unsettled markets. However, in recent years, cybercriminals have changed their methodology to include encryption, data theft, and data leakage. tracked by HC3 in 2021 as of May 25, 2021, HC3 categorized ransomware incidents into the following sub- industries. In April 2021, Computer Weekly learned that British retailer FatFace paid the Conti ransomware gang a $2 million ransom following a successful phishing campaign. Posted Aug 31, 2021 59% of attacks where the data was encrypted involved data in the public cloud. What is taught in this book...better aligning defenses to the very threats they are supposed to defend against, will seem commonsense after you read them, but for reasons explained in the book, aren't applied by most companies. Ransomware cyberattacks are a big business, so big in fact, that research anticipates a business is attacked by a cybercriminal every 11 seconds and damage costs from these attacks will hit around $20 billion by 2021. Gartner, Magic Quadrant for Data Center Backup and Recovery Solutions, July, 2021. “What attackers really seem to be looking at is where they can expect the maximum financial impact,” he explained. Found inside – Page 17Retrieved March 27, 2021, from https://www.gartner.com/en Grimes, ... 2021, from https://heimdalsecurity.com/en/ Maze ransomware Attacks Us It Firm. (2020). All of these increase their digital footprint, impacting their risk profiles. The most ransomware detections (18,833) in Q1 2021 were recorded in the week of 3/21-3/27. Ransomware gangs are businesses. The cost of recovery and resulting downtime after an attack. By: Antonio Sanchez. In Texas alone, local governments experienced 39 attacks. “That got media coverage because of the scale of the attack,” he said. And, of those retail organizations that had not been hit in the past year, 34% said they expect to suffer an attack in the future. The average ransom payment is $136,576, down by 38% from Q1. (Source: Cisco) A ransomware attack is designed to hijack the targets' systems and hold them hostage in exchange for certain demands. Complex Discovery (Rob Robinson) His counterparts at other schools in the Washington community college system went through similar exercises after the attack, Garcia added, describing a sudden “flurry of awareness” in the region. Ransomware damage worldwide is expected to reach $21 billion by 2021 (Cybersecurity Ventures - Cybercrime Facts And Statistics, 2021 Report: Cyberwarfare In The C-suite) He and other college security leaders even held a series of emergency meetings to share knowledge, brainstorm and engage in ransomware tabletop exercises. As companies have moved to the cloud, so have ransomware attacks. According to Gartner, global cyber security spending is estimated to reach $96 billion in 2019. However, in recent years, cybercriminals have changed their methodology to include encryption, data theft, and data leakage. Ransomware Statistics . In 2021 alone, cybercrime has been predicted to cause damages worth over $6 Trillion. Found insideIf you are a manager already involved in your organization’s cybersecurity program, you have much to gain from reading this book. This book will become your go to field manual guiding or affirming your program decisions. Exploring Splunk shows you how to pinpoint answers and find patterns obscured by the flood of machinegenerated data. This book uses an engaging, visual presentation style that quickly familiarizes you with how to use Splunk. 5 Cybersecurity Predictions for 2021 Infographic With threat actors motivated by uncertainty caused by the pandemic, 2020 saw more breaches than 2019. Like educational organizations, almost half of all retail companies were ransomware targets in 2020, according to Sophos’ survey results. You read about it, you hear about it, but it’s typically a private sector company, far away. Found inside – Page iWhat You Will Learn Understand the concepts behind an identity and how their associated credentials and accounts can be leveraged as an attack vector Implement an effective Identity Access Management (IAM) program to manage identities and ... Perhaps the most infamous ransomware attack to date was discovered in May 2021. A ransomware attack will happen every 11 seconds by 2021; Windows systems are the most target as they get 85% of the attacks; 65% of ransomware infections are received through phishing. Unit 42, Palo Alto’s threat research and consulting group, reported a 65% increase in ransomware incident response cases in the IT sector from 2019 to 2020. T In the 2019 edition of the HIMSS Cybersecurity Survey, nearly 60 percent of hospital representatives and healthcare IT Ransomware is a type of malicious software, or malware, that prevents you from accessing your computer files, systems, or networks and demands you pay a ransom for their return. Breach Trends and Ransomware Statistics: June - July 21. 5 Must-Read Ransomware and Cybersecurity Articles. As previously mentioned, Ireland’s national health service fell victim to a ransomware attack in May 2021 that forced the government to shut down all hospital IT systems, seriously disrupting patient care. Sophos delivers the industry's most sophisticated endpoint security offerings . Bearing all of that in mind, what follows are the 10 top — but by no means the only — ransomware targets in 2021 and beyond, based on the Sophos survey and other data. Found insideDrawing upon the expertise of world-renowned researchers and experts, this volume comprehensively discusses a range of mobile security and privacy topics from research, applied, and international perspectives, while aligning technical ... The median ransom payment is $47,008, down by 40% from Q1, according to data from Coveware. It's taking the security world by storm, and it's not slowing down in 2019. Sophos found in its 2021 survey that manufacturing and production companies are the best prepared to restore data from backups and, perhaps consequently, the least likely to pay ransoms. Whether it's a mental health clinic in Tulsa, a school in England, a meat company in Australia or an oil pipeline in the southeast United States . Found inside – Page iWhat You Will Learn Know how identities, accounts, credentials, passwords, and exploits can be leveraged to escalate privileges during an attack Implement defensive and monitoring strategies to mitigate privilege threats and risk Understand ... Throughout the report, they cover: Remote desktop protocol. All of this means that the number of successful attacks and their associated costs continue to increase year-over-year. The malware infected and then encrypted the backup server, requiring the college to rebuild its entire IT environment from scratch. (CyberSecurity Ventures) This is an increase of about 20% compared to the prediction 2019 - 14 attacks per second. National Technology Security Coalition the CISO Advocacy Voice With the increase in highly publicized ransomware attacks, security and risk leaders need to make sure their organization isn't the next headline. New York’s Department of Financial Services recently warned that a major ransomware attack could cause “the next great financial crisis” by crippling key organizations and causing a loss of consumer confidence. Already, the space stands at a value of around $179.96 billion as of 2021. damage-costs-predicted-to-reach-20-billion-usd-by-2021/ Gartner Says Global IT Spending to Reach $3.9 Trillion in 2020. In May 2021, a REvil ransomware attack brought operations to a halt at beef manufacturer JBS USA, one of the United States' largest meat suppliers. The dramatic reduction was attributed to more victims of data exfiltration attacks saying "ENOUGH" and choosing not to pay. It appears someone is pirating the infamous REvil ransomware by tweaking its files for their own purposes. Ransomware Statistics 2021: The Cost of Cyberattacks for SMBs. The global information 20 Cybersecurity Statistics and Trends for 2021 134 Cybersecurity Statistics and Trends for 2021; . Ì Most successful ransomware attacks include data in the public cloud. Threat researchers at Unit 42 also found that, in 2020, ransomware operators published stolen information from 45 manufacturing companies — the most of any sector — on leak sites, where criminals post data from victims who don’t meet ransom deadlines. A snapshot of ransomware detected among McAfee clients in Q1 2021 includes a daily high of 5,634 detections on March 25 and an average of 2,417 detections per day during the last week of March. It is estimated that ransomware has cost the United States more than $7.5 billion last year. Ransomware being operated by humans. In March 2021, ransomware operators hit CNA Financial, one of the largest commercial insurers in the U.S. Bloomberg reported that CNA paid a $40 million ransom demand, although the firm has not confirmed that figure. Second, ransomware will continue to be the most common form of cyber attack. 11. He has received the JD Supra Readers Choice Award as the Top eDiscovery Author for 2017 and 2018 and a JD Supra Readers Choice Award as a Top Cybersecurity Author for 2019. Copyright ©2021 Alert Logic, Inc. All rights reserved. 2021 has rolled in, and so has a new bout of ransomware. For many individuals and businesses, ransomware can be a nightmare. In early 2021, ransomware gang REvil compromised Taiwan-based PC manufacturer Acer’s network and made one of the largest ransom demands on record: $50 million. Ransomware attacks globally have gone up by 102% in 2021 compared to last year. Education. Ransomware attacks have even resulted in a death in Germany when a hospital was hacked and a patient died because she had to be transferred to another hospital about 20 miles away. The federal Health Sector Cybersecurity Coordination Center, part of the Department of Health and Human Services, counted 82 separate ransomware incidents in the global healthcare sector in the first five months of 2021 alone. Many in this sector are in possession of highly sensitive data and may have the financial resources to pay large ransom demands. With increased cloud adoption, mobile and web application security also became more important. The high-profile trial attorneys have represented numerous Fortune 500 companies, including Boeing, Chrysler, FedEx, Home Depot, Johnson & Johnson, Liberty Mutual and Marriott International. Gartner Top Security and Risk Trends for 2021; A Look at the Last Decade; Weekly Threat Report 26th March 2021; Know Cyber Security Stats . Sep 29, 2021, 07:41am EDT. Other recent ransomware targets in the IT sector have included Apple laptop manufacturer Quanta Computer, vehicle inspection technology provider Applus Technologies, backup storage vendor ExaGrid and software provider Kaseya. Just over a third of local government organizations, 34%, fell victim to a ransomware attack in 2020, Sophos researchers found. The retailer said the malware prevented many of its cash registers from working. Doug is an established eDiscovery thought leader with over 30 years of experience providing eDiscovery best practices, legal technology consulting and technical project management services to numerous commercial and government clients. In its 2020 “State of Ransomware” report, cybersecurity software company Emsisoft said ransomware attacks affected at least 560 American healthcare facilities that year. CYBEREASON INC. However, the ransomware incidents and attacks from 2020 and 2021 are much more focused, planned, and targeted and are becoming 'Human-Operated'. Doug has also presented numerous CLE-accredited webcasts. Ransomware cyberattacks are a big business, so big in fact, that research anticipates a business is attacked by a cybercriminal every 11 seconds and damage costs from these attacks will hit around $20 billion by 2021. To fully understand the constantly evolving threat landscape, companies need visibility into some of the top cybersecurity statistics and trends. 3. The median payment in Q4 also decreased to $49,450 from $110,532, a 55% reduction. 23% growth in public cloud end-user spending projected for 2021 (Gartner) 25% of developers will use serverless by the end of 2021 . (n.d.). Found inside – Page iKnow how to mitigate and handle ransomware attacks via the essential cybersecurity training in this book so you can stop attacks before they happen. (, There is a ransomware victim every 10 minutes (, $4.62 million was the average cost of a ransomware data breach (, 171% increase in ransomware payments year-over-year from 2019-2020 (, 113 organizations experienced a data leak from the NetWalker ransomware from January 2020 – January 2021 (, Since 2019, ransomware attacks have increased 435% (, 125 ransomware families used a mix of 223 vulnerabilities tied to ransomware threats (, 18 CVEs tied to ransomware were found across WordPress, Apache Struts, Java, PHP, Drupal, and ASP.net (, 40% of CVEs tied to ransomware were associated with five Common Weakness Enumerations (CWEs) (, $2.3 million was the increased data breach costs associated with a high level of compliance failures (, $83,000 was the average claim costs associated with legal and regulatory compliance for small and medium-sized enterprises (SMEs) (, $1.5 million was the average claims costs associated with legal and regulatory compliance for large companies (, $5,000 to $3.5 million was the range of claim costs associated with regulatory defense and fines in 2019 (, $1.3 million was the average amount of PCI fines paid by SMEs during the period of 2015-2019 (, $250,000 was the average amount of PCI fines paid by large companies during the period of 2015-2019 (, $13,554,900 was paid to OCR to settle HIPAA violation cases during 2020 (, 19 HIPAA violation cases were settled in 2020 (, $200+ million was the total cost of GDPR fines for 2020 (, 128 fines were levied in Spain during 2020, the most fines across the entire European Union (, $1.5 million penalty levied under the New York Department of Financial Services (NY DFS) Cybersecurity Regulation (, Top Cybersecurity Threats to Watch Out For This Year, Technology Alliance Partner Connect Program, Multi-cloud: Mitigating the complexities of AWS, Microsoft and GCP, Alert Logic and AWS re:Inforce Virtual Summit, Top 3 Considerations for an Effective Multi-Cloud Security Strategy, The Biggest Mistakes in Multi-Cloud Environments & How to Avoid Them, Alert Logic- Leader in IDC MDR MarketScape, Gartner Market Guide for MDR Services, 2020, Six Practical Approaches To Bridge The Cybersecurity Talent Shortage, Alert Logic® for Amazon Web Services (AWS), How to Perform a Cybersecurity Risk Assessment. View all posts by Doug Austin. Does your organization know how to prepare for ransomware attacks? The patient later died, with German prosecutors saying it might have been the first ransomware-related fatality. Organizations need to consider the compliance costs that come with data breaches. [Related Reading: The Top 5 Cloud Vulnerabilities to Watch Out for in 2021]. 7 Cybersecurity Statistics That Small Businesses Need to Know in 2021. Found insideThis book captures the state of the art research in the area of malicious code detection, prevention and mitigation. It contains cutting-edge behavior-based techniques to analyze and detect obfuscated malware. Ransomware Statistics. Sophos’ survey suggested 36% of manufacturers fielded attacks that same year. To fully understand the constantly evolving threat landscape, companies need visibility into some of the top cybersecurity statistics and trends. 1 cyber-attacked industry — will quadruple by 2020. . The information security officer said that, after learning of the ransomware incident at WVC’s sister college, he immediately dropped everything he was working on to assess his own organization’s network infrastructure and cybersecurity posture. • VPNs protect organizations from many forms of attacks, but VPN vulnerabilities can leave users and 82 global ransomware incidents in the healthcare sector. Ransomware Statistics. A 2020 report from PurpleSec notes the number of ransomware attacks rising by 350 percent since 2018; additionally, the average ransom payment increased by more than 100 percent and downtime by 200 percent. If not, check out the report from Gartner! Gartner's How to Prepare for Ransomware Attacks guide provides an Overview of the key challenges associated with ransomware attacks, as well as three high-level recommendations that focus on all three stages of a ransomware attack. The big news and threat continues to be ransomware. This is the 12th consecutive time that Sophos is positioned as a Leader in this report. The survey was based on responses . Found inside – Page 417Filgueiras, F. and Almeida, V. (2021) “Digital Technologies for ... /newsroom/filing-season-statistics-forweek-ending-may-11-2018 “First Ransomware-Related ... Some gangs seem to have seen the COVID-19 pandemic, in particular, as a business opportunity, with hospitals more likely to bow to ransom demands while grappling with an unprecedented and deadly health crisis. The rebuilding process took months and caused student enrollment to plummet. 32. Chris SilvaGartner. Enhancing security requires a long-term plan that aligns with an organization’s overarching business goals while also keeping costs in mind. Based on these estimates, the cumulative cost of cyberattacks could rise to $20 billion by 2021 from $11.5 billion in 2019. Every year, the way threat actors attack organizations changes. Needless to say, understanding how to prepare for ransomware attacks has become critically important to organizations, and this guide from Gartner provides some recommendations and best practices for doing so. It’s different when it hits that close,” he said. Gartner, Magic Quadrant for Enterprise Backup and Recovery Software Solutions, Santhosh Rao, Nik Simpson, Michael Hoeck, Jerry Rozeman, 19 July 2021 Gartner Peer Insights 'Voice of the Customer . Required fields are marked *. Both organizations were able to fully restore their systems without engaging the hackers. "So, imagine if you don't pay the ransom, we're going to let all . “They are quite good at understanding where critical infrastructure pieces exist, how they can hit them and how they can use that to really put the heat on their victims,” Gartner’s Silva said. Ransomware, especially with the advent of cryptocurrencies, is an increasingly popular way for hackers to make money. As quick as a blink, that's the amount of time a new technology — developed by researchers from Australia's national science . Although the company said it was back up and running within four days thanks to its backup servers, JBS USA later confirmed paying $11 million to the hackers to prevent data exfiltration and leaks. Phishing attacks are a key mode of delivery for ransomware. In February 2021, major law firm Campbell Conroy & O’Neil said ransomware operators had accessed and encrypted files that included sensitive personal information, such as Social Security numbers and financial data. General ransomware statistics. More alarming still, nearly one in four admitted they have no malware recovery plan in place. That might mean a single, massive attack on a natural gas pipeline or many attacks spread across dozens of small businesses. Ace preparation for the CompTIA Security+ Exam SY0-301 with this 2-in-1 Training Kit from Microsoft Press]. Features a series of lessons and practical exercises to maximize performance with customizable testing options. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used here in with permission. The average ransom paid for organizations increased from $115,123 in 2019 to $312,493 in 2020, a 171% year-over-year increase. That school is not alone. Bearing all of that in mind, what follows are the 10 top — but by no means the only — ransomware targets in 2021 and beyond, based on the Sophos survey and other data. Organizations are spending money on cloud security, often using multiple vendors and tools. 1. Organizations from the oil, gas and utilities sector conversely are the most likely to pay ransoms, Sophos found, a reality likely well known to cybercriminals. o Ransomware attacks were responsible for almost 50% of all healthcare data breaches in 2020. Turner pointed to the recent attack on Ireland’s national healthcare system as an example. All of these increase their digital footprint, impacting their risk profiles. Private Company. SOC analysts, overwhelmed by alerts, find their jobs stressful. A report from colocation, cloud and disaster recovery services provider Sungard Availability Services found that, in 2019 and 2020, only 11 states were not affected by a ransomware attack targeting a municipality. So, what do you think? Commvault is the . He has over 20 years of experience in the IT industry focusing on cyber security, information management, and disaster recovery solutions to help organizations of all sizes manage threats and improve their security posture. [Related Reading: The History and Evolution of Cybercrime]. These strategies remain effective, often because threat actors continue to make them more sophisticated. Found insideThis book compels information security professionals to think differently about concepts of risk management in order to be more effective. The first step to a more robust cybersecurity posture lies in understanding the current threat landscape and the organization’s risk tolerance. Garcia reviewed server access, application activity, data classification and retention policies, endpoint security and more. Therefore, today, . Small shops are also more likely to have outdated or lackluster cybersecurity strategies, making it relatively easy for criminals to gain access to their networks. With that in mind, organizations need to focus their IT strategies on improving their cloud-based security strategies. Average and Median Ransom Payments. Doug has published a daily blog since 2010 and has written numerous articles and white papers. But experts cautioned that, while some organizations might be at slightly higher risk of becoming ransomware targets than others, no single industry shoulders all, or even most, of the risk. Gartner) With the increase of cyber attacks' cost on businesses, a new trend is shaping up. But things move fast in the tech world, and cybersecurity is a high-threat war with billions of dollars at stake. cybercrime is an enormous issue in 2021. Our cloud-native technology and white-glove team of security experts protect your organization 24/7 and ensure you have the most effective response to resolve whatever threats may come. In September 2020, a ransomware attack on a hospital in Düsseldorf, Germany, forced healthcare workers to send a patient with a life-threatening condition to another hospital 20 miles away. Found insideHimself seduced as much a seducer, how can Max escape and redeem his artistic soul? In The Art of Deception, Sergio Kokis has written a novel about mystification and illusion. What Is Endpoint Security and Why Is It Vital. This book is for all of them and anyone who makes it their business to stay safe from phishing attacks, malware spying, ransomware, identity theft, major breaches and hackers who would compromise their security."--Back cover. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. eDiscovery Assistant (Kelly Twigger) For example, ransomware used to consist solely of file encryption. Found insideThis book presents some of the state-of-the-art research work in the field of cryptography and security in computing and communications. Gartner Magic Quadrant for Endpoint Protection Platforms, Peter Firstbrook, Dionisio Zumerle, Prateek Bhajanka, Lawrence Pingree, Paul Webber, 05 May 2021. 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