Home Malware Ransomware roundup: System-locking malware dominates headlines

Ransomware roundup: System-locking malware dominates headlines

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As we head into the unofficial start of summer, it does not appear the criminal groups that run ransomware schemes are planning to take any time to rest. Ransomware was all over the infosec news headlines in the past week, with one new report revealing that its presence has grown more in the last year than in the past several years combined.

Here’s roundup of noteworthy ransomware stories you might have missed.

DBIR finds ransomware increased by double digits

Verizon Business’ annual Data Breach Investigations Report (DBIR) is out and confirms what many CISOs already know: ransomware continues to plague business. Ransomware-related breach instances rose 13%, an increase larger than in the past 5 years combined.

Analysts looked at 23,896 security incidents between November 1, 2020 and October 31, 2021, for the report. Of those, 5,212 were confirmed breaches.

“As criminals look to leverage increasingly sophisticated forms of malware, it is ransomware that continues to prove particularly successful in exploiting and monetizing illegal access to private information,” Verizon Business said in a statement on the findings.

As Rick Holland (@rickholland), a security veteran and CISO of Digital Shadows, noted on Twitter, “25% of all breaches are ransomware related. #DBIR And that is just what is reported. Actual number much higher in my opinion.”

Copyright © 2022 IDG Communications, Inc.

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