Key Takeaways
- In 2023, ransomware attacks worldwide surged by 93% year-over-year, with over 4,800 incidents reported across multiple sectors.
- The United States experienced 1,300 ransomware attacks in 2023, accounting for 42% of global incidents.
- Ransomware detections rose 35% globally in Q1 2024 compared to Q1 2023, hitting 1.5 million unique victims.
- Average ransomware recovery cost for organizations was $2.73 million in 2023.
- Global ransomware payments totaled $1.1 billion in 2023, down 7% from 2022.
- US victims lost $12.5 billion to ransomware from 2018-2023 cumulatively.
- Healthcare sector saw 67% of US ransomware attacks in Q1 2024.
- Manufacturing was targeted in 23% of global ransomware attacks in 2023.
- Education/Research sector hit by 18% of ransomware incidents worldwide 2023.
- LockBit 3.0 was responsible for 25% of ransomware attacks in 2023.
- Phishing emails delivered 62% of initial ransomware access in 2023.
- RaaS model powered 75% of ransomware operations in 2023.
- 75% of organizations restored from backups without paying in 2023.
- Average recovery time from ransomware: 24 days globally in 2023.
- Only 10% of victims recovered fully without paying ransom 2023.
Global ransomware attacks soared dramatically in 2023, affecting many sectors and causing billions in damage.
Financial Impact
- Average ransomware recovery cost for organizations was $2.73 million in 2023.
- Global ransomware payments totaled $1.1 billion in 2023, down 7% from 2022.
- US victims lost $12.5 billion to ransomware from 2018-2023 cumulatively.
- Healthcare ransomware costs averaged $10.93 million per breach in 2023.
- LockBit group extorted $91 million in 2023 from victims.
- Average downtime cost from ransomware was $1.85 million globally in 2023.
- Conti ransomware stole $180 million in crypto payments before disbanding in 2022.
- 59% of ransomware victims paid average $1.54 million ransom in 2023.
- FBI reported $1.54 billion in ransomware losses in 2023 US complaints.
- Manufacturing sector ransomware costs hit $4.45 million average per incident 2023.
- Global insurance payouts for ransomware exceeded $1.5 billion in 2022.
- Average ransom demand in 2023 was $1.66 million worldwide.
- Colonial Pipeline paid $4.4 million ransom in 2021 incident.
- Change Healthcare ransomware cost Optum $872 million in 2024.
- Ransomware caused $20 billion annual global economic loss estimate for 2023.
- Education sector average ransomware cost: $1.85 million in 2023.
- DarkSide group ransoms totaled $90 million in 2021 before shutdown.
- Average recovery time cost businesses $8,440 per minute in 2023.
- US ransomware insurance claims rose 87% in 2023 to $1.3 billion.
- Phobos ransomware variants extorted $35 million from 2020-2023.
- Global ransomware economic impact projected at $265 billion by 2031.
- Retail ransomware average cost $3.31 million per attack in 2023.
- REvil group payments reached $200 million before 2021 takedown.
- Energy sector ransomware losses: $4.54 million average 2023.
- 46% of victims paid ransom, averaging 40% of demand in 2023.
- Financial services ransomware cost $5.9 million average breach 2023.
- Maze ransomware leaked data from 140 victims, extorting $20M+ 2020.
- Healthcare paid 50% more in ransoms than average in 2023.
- Total US ransomware complaints losses: $20 million weekly average 2023.
- Government ransomware average cost $2.61 million in 2023.
Financial Impact Interpretation
Global Incidence
- In 2023, ransomware attacks worldwide surged by 93% year-over-year, with over 4,800 incidents reported across multiple sectors.
- The United States experienced 1,300 ransomware attacks in 2023, accounting for 42% of global incidents.
- Ransomware detections rose 35% globally in Q1 2024 compared to Q1 2023, hitting 1.5 million unique victims.
- From January to June 2023, 2,243 ransomware victims were listed on leak sites, a 60% increase from 2022.
- In 2022, the FBI's IC3 received 2,365 ransomware complaints, up 13% from 2021.
- UK organizations faced 1,770 ransomware attacks in 2023, a 17% rise from the previous year.
- Ransomware incidents in healthcare reached 249 in 2023, doubling from 2022 levels.
- Global ransomware payments hit $1.1 billion in 2023, with a 7.3% decline from 2022 peak.
- EMEA region saw 1,200 ransomware incidents in H1 2024, up 25% YoY.
- Australia reported 487 ransomware attacks in 2023, affecting 20% more organizations than 2022.
- In 2023, 71% of surveyed organizations worldwide experienced at least one ransomware attack.
- Ransomware leak sites listed 2,755 victims in 2023, a record high.
- US critical infrastructure saw 300+ ransomware incidents in 2023 per CISA.
- France reported 450 ransomware attacks in 2023, up 30% from 2022.
- Global ransomware-as-a-service (RaaS) groups claimed responsibility for 80% of attacks in 2023.
- Ransomware incidents in Latin America jumped 150% in 2023 to 350 cases.
- In Q4 2023, ransomware detections worldwide increased 28% quarter-over-quarter.
- Canada logged 380 ransomware breaches in 2023, a 22% increase.
- Asia-Pacific ransomware attacks rose 40% in 2023, totaling 900 incidents.
- Ransomware hit 66% of mid-sized businesses globally in 2023 survey.
- EU nations reported 1,100 ransomware incidents in 2023 per ENISA.
- In 2022, global ransomware victims exceeded 4,000 per leak site monitoring.
- Ransomware alerts from CISA reached 1,200 in fiscal year 2023.
- Middle East ransomware incidents doubled to 250 in 2023.
- Africa saw 180 ransomware attacks in 2023, up 90% YoY.
- Global SMBs faced 2,100 ransomware attacks in 2023.
- Ransomware groups active in 2023 numbered over 150 worldwide.
- Q1 2024 saw 1,800 ransomware victims on dark web sites.
- Ransomware in government sector globally: 500 incidents in 2023.
- Worldwide, ransomware encrypt rate was 73% in successful attacks 2023.
Global Incidence Interpretation
Ransomware Variants and Methods
- LockBit 3.0 was responsible for 25% of ransomware attacks in 2023.
- Phishing emails delivered 62% of initial ransomware access in 2023.
- RaaS model powered 75% of ransomware operations in 2023.
- Double extortion tactics used in 76% of attacks, adding data theft.
- Exploit of VPN vulnerabilities caused 32% of breaches in 2023.
- BlackCat/ALPHV claimed 10% of victim listings in 2023.
- RDP exploitation in 29% of ransomware entry points 2023.
- Clop exploited MOVEit vulnerability for 60+ victims in 2023.
- Triple extortion (encrypt, steal, DDoS) in 10% of attacks 2023.
- Akira variant emerged in 2023, targeting 50+ orgs via SMB exploits.
- 55% of attacks involved living-off-the-land techniques in 2023.
- Rhysida ransomware hit 100 victims with data leaks in 2023.
- Supply chain attacks via third-parties: 15% of ransomware 2023.
- Play ransomware used in 40 high-profile attacks 2023.
- Initial access brokers sold access for $1,200 average in 2023.
- LockBit targeted Windows/Linux with Rust-based encryptors 2023.
- Medusa group used multi-extortion in 30 leaks 2023.
- 40% of ransomware used Cobalt Strike for lateral movement 2023.
- BianLian exploited CVE-2023-34362 for 50+ victims.
- Encrypted C2 communication in 85% of ransomware implants 2023.
- DragonForce variant hit 20 orgs with wipers in 2023.
- Average time to encrypt network: 11 hours in 2023 attacks.
- Hive ransomware dismantled, but affiliates continued 20 attacks 2023.
- 3AM group used Go-based malware for 15 extortions 2023.
- Quantum ransomware targeted backups in 25% of its 2023 ops.
Ransomware Variants and Methods Interpretation
Recovery and Mitigation
- 75% of organizations restored from backups without paying in 2023.
- Average recovery time from ransomware: 24 days globally in 2023.
- Only 10% of victims recovered fully without paying ransom 2023.
- MFA implementation reduced ransomware success by 99% in surveys 2023.
- 37% of orgs had incident response plans tested pre-attack 2023.
- Backups offline/air-gapped prevented payment in 60% cases 2023.
- EDR tools detected 80% of ransomware pre-encryption in 2023.
- 46% paid ransom despite backups due to data exfil fears 2023.
- Patch management within 7 days cut exploit risk by 90% 2023.
- Ransomware simulations trained 55% of orgs effectively 2023.
- Zero-trust architecture blocked 70% lateral movement 2023.
- Cyber insurance covered 40% of recovery costs average 2023.
- AI-driven threat hunting reduced dwell time to 3 days 2023.
- 25% of victims used decryptors from NoMoreRansom project 2023.
- Network segmentation limited spread to 20% of assets 2023.
- Employee training reduced phishing success by 65% 2023.
- Immutable backups restored data in 85% of tested cases 2023.
- Law enforcement disrupted 15 RaaS groups in 2023 ops.
- XDR platforms accelerated response by 50% average 2023.
- 62% of orgs improved resilience post-attack in 2023 survey.
- Dark web monitoring identified 70% of leaks pre-publication 2023.
- Cloud backup verification succeeded in 90% ransomware recoveries 2023.
- Incident response retainers activated within 1 hour for 40% 2023.
- Privilege access management prevented 55% escalation 2023.
- Post-quantum crypto prep aided 10% legacy recovery 2023.
- Collaborative intel sharing via ISACs mitigated 30% attacks 2023.
Recovery and Mitigation Interpretation
Sector-Specific Attacks
- Healthcare sector saw 67% of US ransomware attacks in Q1 2024.
- Manufacturing was targeted in 23% of global ransomware attacks in 2023.
- Education/Research sector hit by 18% of ransomware incidents worldwide 2023.
- US local governments faced 140 ransomware attacks in 2023.
- Financial services accounted for 12% of ransomware victims in H1 2023.
- Critical infrastructure (energy, water) saw 300 attacks in US 2023.
- Retail sector ransomware incidents rose 20% in 2023 to 250 cases.
- Professional services targeted in 16% of Sophos surveyed attacks 2023.
- Healthcare breaches: 249 US hospitals affected 2016-2023 cumulative.
- Construction industry ransomware attacks up 75% in 2023.
- Transportation/logistics hit by 9% of global ransomware 2023.
- K-12 schools in US: 180 ransomware incidents in 2023.
- Legal sector saw 150 ransomware attacks globally in 2023.
- Food/Agriculture: 7% of attacks, 100+ incidents 2023.
- Telecom sector ransomware: 80 incidents worldwide 2023.
- Non-profits/charities: 120 ransomware hits in 2023 survey.
- Pharmaceuticals: 45 ransomware attacks in 2023 globally.
- Media/Entertainment: 90 incidents, up 50% in 2023.
- Real Estate: 110 ransomware victims listed 2023.
- Emergency Services: 25 US incidents disrupting 911 in 2023.
- Casinos/Gaming: 15 major ransomware hits costing millions 2023.
- Veterinary/Animal Health: 40 attacks in 2023 US/UK.
- Libraries/Public Archives: 50 ransomware incidents 2023.
- Waste Management: 30 attacks globally 2023.
- Chemical sector: 35 ransomware breaches 2023.
Sector-Specific Attacks Interpretation
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