OpenText Cybersecurity Nastiest Malware of 2023 Shows Ransomware-as-a-Service Now Primary Business Model

OpenText has ranked the most threatening malware of 2023, with ransomware-as-a-service (RaaS) emerging as the top choice for cybercriminals. The Cl0p ransomware led the list, causing a significant increase in average ransom payments. Other notable entrants included Black Cat, Akira, Royal, and Black Basta. Despite increasing ransom amounts, research shows only 29% of businesses pay the ransom, marking an all-time low as businesses invest more in security measures.