It’s no wonder that the likelihood of experiencing a cyberattack has therefore quadrupled for large businesses since 2008, with small to mid-sized businesses experiencing over a 50% bump in probability.
These and other key risk insights prove by the numbers what many already know: without automated tools to combat a relentless onslaught of cybercriminal attacks, few companies—even big ones—can avoid a critical business hit in the future.
It also underscores the fleeting nature of risks over time; without staying present to the changing cadence, companies may plant their security flag on shifting ground.
Ransomware Spikes; Accidents Fall
Ransomware attacks have risen a surprising 35% in the past six years, going from roughly 5% in 2018 to right around 40% in 2024. In the meantime, rates of accidental disclosure have dropped precipitously, falling from one-in-five to one-in-twenty since 2010.
It isn’t hard to imagine the impact of RaaS gangs, generative AI, and bots on rising ransomware numbers—not to mention the widespread press attention, notoriety, and historic payout sums that have become part and parcel of the game. As for lower rates of human error, the report offers no explanation but assumes it won’t be long before “human nature will reassert itself” again.
As ransomware continues to climb, Fortra offers multi-layer ransomware defense: data protection, vulnerability management, digital risk protection, offensive security, and more. And reduced rates of human error can become reliable, not the products of serendipity, with Fortra Human Risk Management comprehensive, adult-centric modules on avoiding today’s latest attack trends like phishing, deepfakes, and social media scams.
Small Businesses Hit Harder Than Large Ones: Or Are They?
Companies with under $100 million in revenue now officially take home a larger share of the attack pie than their larger, corporate counterparts.
However, a closer look at the data reveals that those numbers might be deceiving. There are more SMEs than large corporations overall, so those figures are to be expected. However, as large institutions are still hugely lucrative targets, it stands to reason that they experience more attacks per company than smaller ones.
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Content curated by the team of COMPUTER 2000 on the basis of news in reputable media and marketing materials provided by our partners, companies, and other vendors.
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