Ransomware has been a major problem for organizations for years, but a recent report from Chainalysis shows that ransomware payments declined significantly in 2022. The decrease is attributed to the disruption of major ransomware gangs, a weakening in crypto values, and better cybersecurity practices. Nevertheless, high-profile ransomware attacks still occur, so organizations cannot let their guards down. Cyber adversaries are often adapting their tactics and techniques, and cyber insurance policies may not cover all losses. Therefore, organizations need to increase their ransomware preparedness and improve their cyber resilience, by leveraging anti-virus/anti-malware, endpoint protection, device management tools, and custom scripts. History has shown that ransomware cannot be ignored, so organizations must be prepared and stay vigilant.
Key Points:
- Ransomware payments declined significantly in 2022
- High-profile ransomware attacks still occur
- Cyber adversaries are often adapting their tactics and techniques
- Cyber insurance policies may not cover all losses
- Organizations need to increase their ransomware preparedness and improve their cyber resilience
- Organizations must stay vigilant and prepared
