Ransomware Trends, Statistics and Facts Heading Into 2024

Ransomware is an evolving cybersecurity threat affecting people’s everyday lives on a global scale. Key trends include supply chain attacks, triple extortion, ransomware as a service, and attacking unpatched systems. Industries affected include education, government, retail, healthcare, and IT. The financial impact is significant, as the severity of ransomware claims has reached record highs. Notable attacks have been conducted by the Clop ransomware gang and the LockBit ransomware group. Future threats could include exploitation of cloud and VPN infrastructure and advanced phishing campaigns using generative AI.