Ransomware and exploitation of networks are becoming much less random and more of a targeted event. Threat actors are beginning to move away from spray and pray phishing emails. Although the vast majority (54%) of ransomware attacks come from phishing, we are increasingly seeing a phenomenon known as whale hunting.
A ransomware attack is estimated to occur every 11 seconds. Last year, the largest ransom ever paid (40 million dollars!) was issued by an insurance agency. Data breaches are occurring at a rate never seen before, and all this malicious activity is being monetized and turned into a business.