Cybercriminals can attack any organization as they are easy targets

VARINDIA
Published on: Jun 28, 2023
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    Ransomware is a cyber-attack on your system where hackers gain access—usually through an infected email or website—then lock your systems down and demand a ransom. And it’s big business. In fact, according to Statista, 308 million ransomware attacks occurred globally in 2020, and the percentage of global businesses victimized by ransomware has risen to 68.5%. A report warns that small and medium-sized businesses (SMBs) are at particular risk based on the attack trends seen during the first six months of the year. During the first half of 2021, 4 out of 5 organizations experienced a cybersecurity breach originating from a vulnerability in their third-party vendor ecosystem. While the increase in attacks affects organizations of all sizes, something that’s under-reported in the coverage of current cyberthreat trends is the impact on the small business community.



    Unlike larger corporations, small and medium-sized companies don’t have the money, resources, or staffing expertise needed to counter today’s threats. That’s why they turn to IT service providers – but if those service providers are compromised, those SMBs are at the mercy of the attackers. As seen in the SolarWinds breach last year and the Kaseya VSA attack earlier in 2021, one successful attack means they can breach hundreds or thousands of SMBs downstream. However, when we see the recent attack on the large enterprises, specially into healthcare ,Supply chain and BFSI are facing regular cyber breach, where they don’t have the issue of investments. A report says, Data exfiltration continues to increase. In 2020, more than 1,300 victims of ransomware had their data publicly leaked following an attack, as cybercriminals look to maximize the financial gain from successful incidents. During the first half of 2021, more than 1,100 data leaks have already been published – which projects a 70%

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