Believe it or not, there was a time in recent history when we actually experienced a reprieve in ransomware attacks. According to a report from Black Kite, a leading provider of third-party risk management and cyber intelligence, a number of factors contributed to a flattening of ransomware attack frequency in late 2021 and into 2022.
Unfortunately, the bad guys evolved and ransomware attacks have surged in early 2023, with the number of ransomware victims in March of this year coming in at nearly twice that of April 2022, and 1.6 times higher than last year’s highest monthly total.
New players like Black Basta, as well as new strategies from well-known adversaries like LockBit once again brought manufacturing to the top of the list of favorite targets. According to the report, manufacturing represented nearly one out of every five attacks.
Our guest for today’s episode is Jeffrey Wheatman, a Cyber Risk Evangelist at Black Kite.
To download our latest report on industrial cybersecurity, The Industrial Sector’s New Battlefield, click here.