2022 was a challenging year with regards to cyber-crime, particularly ransomware. The IBM “Cost of a Data Breach 2022” report, for instance, revealed that the average ransom payment last year was $812,360. This sum, however, is only part of the total cost of a ransomware attack, which IBM estimates to be $4.5 million on average.
We recently published an alert on the ransomware campaign targeting non-updated VMware ESXi servers. Even though the CVE isn’t newly discovered, there is an ongoing global trend concerning malicious activities against VMware ESXi servers. Successful exploitation of the vulnerability allows for remote code execution that activates heap overflow for the OpenSLP service, resulting in the ability to execute ransomware attacks on victim organisations. At Obrela, we provide customers with the monitoring, notification and remedial action they can take to protect themselves.
In 2023, we can unfortunately expect to see an escalation of ransomware and other cyber-attacks, despite growing efforts by security companies to thwart the attempts of threat-actors. Cyber experts have already estimated that by 2025, cybercrime will cost the world economy approximately $10.5 trillion￼
Last year was a record-year in terms of both the number of ransomware attacks and associated breaches. Ransomware-as-a-service also continued to grow ￼ which is a form or pay-for-use malware, that is easily accessible to criminals on the dark web.
We’ve seen consistent attacks targeting healthcare organisations, government bodies, finance, CNI and even the education sector.
It becomes apparent that threat-actors will continuously learn how to maneuver through new security defences, refining their tactics and finding new ways to breach networks and systems in order to steal important information and extort vulnerable parties. Companies must take a proactive stance and implement preventative and remedial actions, while partnering with industry experts in cybersecurity to fill in gaps with their cybersecurity resources, processes and technology.
What should we expect in 2023 for Ransomware trends?
Download the file and you will learn more about:
• Reshaping the threat landscape
• AI and behavioral predictive analytics
• Defence in depth
• Prevent ransomware.
In general, the article will help you get a better understanding of ransomware protection, types of ransomware, and attacks.