Cyber Risk Leaders Magazine - Issue 7, 2022

Page 18

Ransomware’s attacks increase 232%

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onicWall has released the 2022 SonicWall Cyber Threat Report. The bi-annual report details a sustained meteoric rise in ransomware with 623.3 million attacks globally. Nearly all monitored threats, cyberattacks and malicious digital assaults rose in 2021 including: ransomware, encrypted threats, IoT malware and cryptojacking. “Cyberattacks become more attractive and potentially more disastrous as dependence on information technology increases,” said SonicWall President and CEO Bill Conner. “Securing information in a boundless world is a near impossible and thankless job, especially as the boundaries of organizations are ever-expanding to limitless endpoints and networks.”

Ransomware’s savage reign continues SonicWall Capture Labs threat researchers diligently tracked the dramatic rise in ransomware, recording an astounding 318.6 million more ransomware attacks than 2020, a 105% increase. Ransomware volume has risen 232% since 2019. High-profile ransomware attacks impacted businesses, state and federal governments, schools, hospitals and even individuals. Attacks hit supply chains, causing widespread system downtime, economic loss and reputational damage. Following global trends, all industries faced large increases

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of ransomware volume, including government (+1,885%), healthcare (755%), education (152%) and retail (21%). Ransomware has developed into a massive and systemic threat that is forecasted to get worse. Across the globe, U.S. and U.K. climbed a staggering 98% and 227% respectively. In Asia, ransomware attacks also leapt in 2021 with a 121.682% increase YoY, with India and Japan also saw alarming rises of 981% and 63.55% respectively, in IoT malware volume. Debasish Mukherjee, Vice President, Regional SalesAPAC at SonicWall adds, “With threats of almost every type on the rise, is it imperative that we have strategies and resilience systems in place to respond almost instantaneously. Especially in Asia Pacific where many have been the target of these malicious attacks in a new paradigm for cybercrime, all the more our findings in the 2022 SonicWall Cyber Threat Report will help us to find the right security measures to protect our greatest assets and be a step ahead to prevent unwanted and damaging attacks.”

As cyberattack vectors expand, malicious assaults climb The frequency and variety of cyberattacks continue to expand every year, with an increasing cost to organizations


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