What is the State of Ransomware in 2024
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More InformationIn this eye-opening episode of the Security Swarm Podcast, host Andy Syrewicze and one of our regular guests, Eric Siron, examine the latest ransomware survey findings. They explore the evolving landscape of cyber threats, discussing key trends in ransomware attacks, including a decrease in overall incidents but an increase in the severity of successful breaches.
The conversation provides crucial insights for IT professionals and business leaders, highlighting the importance of user training, cybersecurity awareness, and strategic approaches to mitigating ransomware risks.
Do you want to join the conversation? Join us in our Security Lab LinkedIn Group!
Key Takeaways:
Ransomware attacks decreased to 18.6% in 2024, continuing a downward trend.
16.3% of ransomware victims paid the ransom in 2024, a significant increase from 6.9% in 2023.
55.8% of ransomware attacks targeted small organizations with 50 or fewer employees.
Over 52.3% of attacks were initiated through email/phishing attempts.
32.6% of ransomware victims were unsure if their data was exfiltrated.
81.3% of organizations provide end-user security awareness training.
54.6% of organizations have purchased ransomware-specific insurance.
Threat actors are becoming more sophisticated in targeting and executing attacks.
Living off the land attack techniques are increasingly common.
Timestamps:
(01:15) History of Ransomware Attacks
(03:37) 2024 Ransomware Attack Statistics
(08:59) Double Extortion Tactics
(15:02) Target Selection and Organization Size
(29:52) Security Awareness Training Insights
(36:15) Ransomware Insurance Trends
(41:44) Disaster Recovery and Insurance Strategies
Episode Resources:
Hornetsecurity Q3 2024 Ransomware Attacks Survey
What is ransomware? How can you protect against Ransomware?
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Why Security Awareness Training is critical against ransomware:
52.3% of ransomware attacks are caused by email/phishing attempts
81.3% of organizations provide end-user security awareness training
Half of organizations want more time-friendly training methods
An effective security awareness training works best when it’s bite-sized, consistent and a part of the organization’s security culture. Click here to schedule a free consultation with a Hornetsecurity specialist.
