• Tech News
    • Games
    • Pc & Laptop
    • Mobile Tech
    • Ar & Vr
    • Security
  • Startup
    • Fintech
  • Reviews
  • How To
What's Hot

Whalesync, a Seattle startup syncing data between software apps, raises $1.8M – Startup

February 1, 2023

Panasonic LZ2000 (2022) review

February 1, 2023

Most Criminal Cryptocurrency Funnels Through Just 5 Exchanges

February 1, 2023
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook Twitter Instagram Pinterest VKontakte
Behind The ScreenBehind The Screen
  • Tech News
    1. Games
    2. Pc & Laptop
    3. Mobile Tech
    4. Ar & Vr
    5. Security
    6. View All

    Bring Elden Ring to the table with the upcoming board game adaptation

    September 19, 2022

    ONI: Road to be the Mightiest Oni reveals its opening movie

    September 19, 2022

    GTA 6 images and footage allegedly leak

    September 19, 2022

    Wild west adventure Card Cowboy turns cards into weird and silly stories

    September 18, 2022

    7 Reasons Why You Should Study PHP Programming Language

    October 19, 2022

    Logitech MX Master 3S and MX Keys Combo for Business Gen 2 Review

    October 9, 2022

    Lenovo ThinkPad X1 Carbon Gen10 Review

    September 18, 2022

    Lenovo IdeaPad 5i Chromebook, 16-inch+120Hz

    September 3, 2022

    YouTube adds very convenient iPhone homescreen widgets

    October 15, 2022

    Google finishes iOS 16 Lock Screen widgets rollout w/ Maps

    October 14, 2022

    Is Apple actually turning iMessage into AIM or is this sketchy redesign rumor for laughs?

    October 14, 2022

    Samsung’s One UI 5 update is largely about personalization

    October 14, 2022

    MeetKai launches AI-powered metaverse, starting with a billboard in Times Square

    August 10, 2022

    The DeanBeat: RP1 simulates putting 4,000 people together in a single metaverse plaza

    August 10, 2022

    Improving the customer experience with virtual and augmented reality

    August 10, 2022

    Why the metaverse won’t fall to Clubhouse’s fate

    August 10, 2022

    How Apple privacy changes have forced social media marketing to evolve

    October 16, 2022

    Microsoft Patch Tuesday October Fixed 85 Vulnerabilities – Latest Hacking News

    October 16, 2022

    Decentralization and KYC compliance: Critical concepts in sovereign policy

    October 15, 2022

    What Thoma Bravo’s latest acquisition reveals about identity management

    October 14, 2022

    What is a Service Robot? The vision of an intelligent service application is possible.

    November 7, 2022

    Tom Brady just chucked another Microsoft Surface tablet

    September 18, 2022

    The best AIO coolers for your PC in 2022

    September 18, 2022

    YC’s Michael Seibel clarifies some misconceptions about the accelerator • DailyTech

    September 18, 2022
  • Startup
    • Fintech
  • Reviews
  • How To
Behind The ScreenBehind The Screen
Home»Security»Report: Ransomware attack frequency and amount demanded down in H1 2022
Security

Report: Ransomware attack frequency and amount demanded down in H1 2022

September 19, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ransomware preparation and response: Develop a cyber kill chain
Share
Facebook Twitter LinkedIn Pinterest Email

Were you unable to attend Transform 2022? Check out all of the summit sessions in our on-demand library now! Watch here.


According to a new report from Coalition, ransomware attack frequency and cost are down. From H2 2021 to H1 2022, ransomware payment demands decreased from $1.37 million to $896,000. Of the incidents that resulted in a payment, Coalition policyholders paid an average of roughly 20% the initial amount demanded. As organizations become more aware of ransomware, they have implemented better controls, allowing them to restore operations without paying.

Over the last three years, cyberattacks have evolved into a viable criminal business model, with ransomware gangs holding all-sized organizations hostage in exchange for exorbitant fees. In 2022, many of the top ransomware variants could be directly associated with or leased from the Conti ransomware gang, such as Karakurt — a known data extortion arm of Conti. The FBI estimates that attacks associated with Conti have had payouts exceeding $150 million, making Conti the costliest strain of ransomware ever. 

Image source: Coalition.

While ransomware has declined, the report by Coalition, 2022 Cyber Claims: Mid-year Update, found that phishing has become one of the most common attack vectors that result in cyber insurance claims –- accounting for nearly 60% of claims, increasing 32% from 2021.

Coalition also observed that phishing often leads to FTF events, where threat actors steal funds by redirecting or changing payment instructions. FTF severity increased by 3% in 2022, demonstrating consistent annual three-year growth.

Event

MetaBeat 2022

MetaBeat will bring together thought leaders to give guidance on how metaverse technology will transform the way all industries communicate and do business on October 4 in San Francisco, CA.

See also  An XSS Vulnerability Riddled Microsoft Groups Safety

Register Here

As attack methods shift, small businesses (SMBs) are still in the crosshairs. The average claim cost for an SMB increased 58% compared to 2021. As SMBs continue their digital evolution, they increase their dependence on third-party vendors for technology tools. This reliance often makes SMBs more vulnerable because they lack the necessary resources to invest in their security.

Coalition’s report stems from an aggregation of claims and incident data from the 160,000+ organizations it protects. This report examined claims data from Coalition’s North American policyholders, including the highest profile claim events and cyberattacks, during the first half of 2022.

Read the full report by Coalition.

Source link

Amount Attack demanded Frequency ransomware report
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

A Damning US Report Lays Bare Amazon’s Worker Injury Crisis

January 19, 2023

How Apple privacy changes have forced social media marketing to evolve

October 16, 2022

Microsoft Patch Tuesday October Fixed 85 Vulnerabilities – Latest Hacking News

October 16, 2022

Decentralization and KYC compliance: Critical concepts in sovereign policy

October 15, 2022
Add A Comment

Comments are closed.

Editors Picks

Lenovo’s Glasses T1 are spectacles that puts a 1080p screen in your face

September 1, 2022

What are hot-swappable switches? | DailyTech

September 15, 2022

Peakflo’s bid to build business payments for Southeast Asia attracts capital, customers – Fintech

July 6, 2022

Time-lapse video speeds up moon rocket’s trip to launchpad

August 18, 2022

Subscribe to Updates

Get the latest news and Updates from Behind The Scene about Tech, Startup and more.

Top Post

Whalesync, a Seattle startup syncing data between software apps, raises $1.8M – Startup

Panasonic LZ2000 (2022) review

Most Criminal Cryptocurrency Funnels Through Just 5 Exchanges

Behind The Screen
Facebook Twitter Instagram Pinterest Vimeo YouTube
  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2023 behindthescreen.uk - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.