Ransomware remains one of the biggest cyber threats that organizations and governments continue to face. However, hackers are engineering new ways to extract ransom from their victims as organizations take a conscious call to decline ransom payment demands.
With the fall of the most notorious ransomware gang Conti in May 2022, it was assumed that ransomware attacks would see a major decline. However, Tenable found that 35.5% of breaches in 2022 were the result of a ransomware attack, a minor 2.5% decrease from 2021. Similarly, in the fourth quarter of 2022 ransomware victim count declined by 5.1% versus the third quarter, according to Trend Micro.