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Ransomware activity sees 95% year-on-year spike

This year is on course to see more than 4,000 ransomware victims' stolen data posted on leak sites.

“It’s clear that ransomware attacks are on a record-setting pace for 2023, and based on activity at the end of Q3 and early Q4, we fully expect these numbers to surpass anything we have witnessed in previous years,” Jason Rebholz, chief information security officer at Corvus Insurance, said in a release. Credit: local_doctor/Adobe Stock “It’s clear that ransomware attacks are on a record-setting pace for 2023, and based on activity at the end of Q3 and early Q4, we fully expect these numbers to surpass anything we have witnessed in previous years,” Jason Rebholz, chief information security officer at Corvus Insurance, said in a release. Credit: local_doctor/Adobe Stock

Ransomware activity during the third quarter of 2023 was up 95% compared with the year prior and 11% compared with the previous quarter, according to Corvus Insurance’s latest Global Ransomware report.

The cyber insurer adds that this year has already seen 3,311 total leak site victims. In comparison, there were 2,670 total victims during all of 2022 and 3,048 for all of 2021. On top of this, Corvus noted that between 27%-41% of ransomware victims quickly give in to demands and are never counted among leak site victims.

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Steve Hallo

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

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