There was a dramatic surge in ransomware attacks in 2023, with a 55% year-over-year increase. The total number of victims reached 5,070. This rise doesn’t tell the whole tale, though. Statista reports that almost 73% of businesses worldwide suffered from ransomware attacks in some way or another.
Ransomware is a form of cybercrime that infiltrates an individual’s or a company’s software infrastructure, using malicious software to encrypt its files. Once those files are locked, the attacker holds them hostage, crippling the victim until they pay to release them. It is the digital equivalent of taking a hostage and demanding a ransom.
