According to a recent report by OODA Loop, "Mandiant claims to have detected a 422% increase in victim organizations announced by ransomware groups via their leak sites year-on-year between the first quarter of 2020 and Q1 2021."
In research recently conducted by Talion, 3/4 of consumers and security professional want ransom payments to be prohibited. This is due to the number of victims consistently increasing with no end in sight of these type of attacks stopping anytime soon.
Mandiant also discovered that victims over 600 European organizations were widespread across several different types of industries.
As more attacks and more money is demanded, ransom payments have been more of a controversial subject. We recently reported that the average ransom amount has increased to $170,000, an increase from $80,000 average in 2019.
Cyber insurance is also blamed by security professionals as it only encourages more attacks to continue in the future with no repercussions. It is highly recommended to implement frequent phishing tests and new-school security awareness training to prevent your organization from becoming the next victim.
OODA Loop has the full story.