According to Verizon's 2022 report ransomware increased 13% compared to last year

Recently Verizon 2022 Data Breach Investigations Report Released in which claims the number of ransomware attacks has increased considerably from last year and is also higher than the last 5 years combined.

The study published in the Verizon Business 2022 Data Breach Investigations Report (2022 DBIR) demonstrates an unprecedented scenario in the history of cybersecurity, it also highlights some of the major issues affecting the cybersecurity landscape on an international scale.

Verizon is one of the world's leading providers of communications technology and services. The company offers data, video and voice services and solutions on its award-winning networks and platforms, meeting customer demand for mobility, reliable network connectivity, security and control.

Headquartered in New York City and the company is present around the world, Verizon generated a turnover of 133,6 billion in 2021.

About the report

The report gives particular concern about the 13% increase in ransomware attacks in a single year; this represents a larger increase than the last five years combined. Criminals are looking to take advantage of increasingly sophisticated forms of malware, known as 'ransomware', which continue to prove particularly effective at exploiting and monetizing illegal access to private information.

  • Celebrating its 2022th anniversary, the Data Breach Investigations Report (DBIR 15) analyzed 23.896 security incidents and found 5.212 confirmed breaches.
  • Compared to last year, ransomware attacks have increased by 13%, which is a significant increase when comparing this percentage to the last 5 years combined.
  • Approximately 4 out of 5 violations can be attributed to organized crime, external actors are approximately 4 times more likely to cause these violations in an organization than internal actors.
  • The human element is involved in 82% of the crimes analyzed during the last year.

Criminal organizations continue to be a pervasive strike force in the world of cybersecurity. About 4 out of 5 violations can be attributed to this type of organization, external actors are approximately four times more likely to cause breaches in an organization than internal actors.

Geopolitical tensions have also given more visibility and attention to nation-state cyberattacks.

Hans Vestberg, CEO and Chairman of Verizon, said:

In recent years, the pandemic has exposed a number of major issues that companies have been forced to address in real time. But nowhere is the need to adapt more important than in the world of cybersecurity. As we rapidly move into an increasingly digitized world, effective technology solutions, reliable security systems, and a strong focus on education will play an important role in keeping businesses safe and customer protection. »

For many companies, the last year has also been dominated by supply chain issues, and this trend has also been felt in the field of cybersecurity. 62% of system intrusion incidents originate from an organization's partner. Engaging with the right partner multiplies the strength of hackers and highlights the challenges many organizations face in securing their supply chain.

According to a study highlighting the cost of human influence, people remain by far the weakest link in defending the level of cybersecurity of an organization. Nearly 25% of the total number of breaches in the 2022 report were due to social engineering attacks, and when human error and privilege abuse are added, the human element is behind 82% of the breaches analyzed last year .

Dave Hylender, lead author of DBIR, said:

“Entering its 15th edition, the Verizon Data Breach Investigations Report continues to be the primary vehicle for assessing the many cybersecurity threats organizations continue to face. And while the relationship has evolved, the fundamental security principles remain the same. Assess your exposure, reduce your risk and take appropriate action. As is often the case, the most important factor in determining success is knowing the fundamentals. »

Finally, if you are interested in knowing more about it, you can consult the details in the following link.

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