The threat of ransomware is on the rise, according to Verizon

1 min read
The threat of ransomware is on the rise, according to Verizon
Password on screen

We may receive a portion of sales if you purchase a product through a link in this article at no cost to you, though all opinions are our own. For more information, please read our ethics statement. Please note that pricing and availability are subject to change.

According to Verizon research, ransomware breaches grew 13% in the year ending October 2021, more than in the preceding five years combined, with employees being the weakest link in enterprises’ cybersecurity setups.

As per Verizon Business 2022 Data Breach Investigations Report, social engineering attacks were responsible for 25% of the 5,212 data breaches investigated.

According to Verizon, the human aspect accounted for 82 percent of the breaches when combined with the misuse of privileges.

Organized crime was a prevalent topic in worldwide cybersecurity efforts, accounting for almost four out of every five breaches. Increased complexity, visibility, and awareness of nation-state-affiliated cyberattacks have accompanied rising geopolitical tensions.

With 62 percent of system intrusion events originating through an organization’s partner, Verizon also highlighted cybersecurity challenges connected to supply chain constraints.