Ransomware attacks on the rise in 2022

Ransomware damages are expected to exceed $30 billion worldwide in 2023, InfoSecurity reports. Citing cybersecurity firm Acronis’ mid-year cyberthreat report, almost half of all data breaches in 2022 began with stolen credentials. Six hundred malicious email campaigns were launched in the first half of 2022, 58% of which were phishing emails and 28% contained malware, per Acronis’ report. Cybercriminals have shifted toward attacking key entry points on networks that rely on cloud services or seek unpatched or software vulnerabilities to launch attacks.