Barracuda threat report reveals evolving ransomware attack patterns

New third-annual research report analyzes ransomware attacks that occurred between August 2020 and July 2021

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Aug 12, 2021, 09:03 ET

CAMPBELL, Calif., Aug. 12, 2021 /PRNewswire/ --

Highlights: 

In the past 12 months, Barracuda researchers identified and analyzed 121 ransomware incidents and saw a 64% increase in attacks, year over year.
Attacks on corporations and businesses made up 57% of all ransomware attacks.
18% of the incidents had a ransom ask less than $10 million, and 30% of the incidents had a ransom ask greater than $30 million.
Attacks in the past 12 months have expanded across the globe.

Barracuda, a trusted partner and leading provider of cloud-enabled security solutions, today released its third-annual threat research report on Ransomware. The new report looks at Ransomware attack patterns that occurred between August 2020 and July 2021.

Read the full Threat Spotlight blog post: http://cuda.co/49656

A closer look at ransomware trends
Barracuda researchers identified and analyzed 121 ransomware incidents that occurred between August 2020 and July 2021, and saw a 64% increase in attacks, year over year. Cybercriminals are still heavily targeting municipalities, health care, and education, but attacks on other businesses are surging:

Attacks on corporations, such as infrastructure, travel, financial services, and other businesses, made up 57% of all ransomware attacks between August 2020 and July 2021, up from just 18% in our 2020 study.
Infrastructure-related businesses account for 10% of all the attacks we studied. In fact, ransomware attacks are quickly evolving to target software supply chains, which reach more businesses in a single attempt.
The ransom amount is increasing dramatically and now the average ransom ask per incident is over 10 million dollars. 18% of the incidents had a ransom ask less than $10 million, and 30% of the incidents had a ransom ask greater than $30 million.
Ransomware attacks are becoming pervasive across the globe. Just under half (44%) of the attacks in the past 12 months hit U.S organizations.

"As cybercriminals are working towards bigger paydays in the future, the security industry needs to continue to create solutions that are easily consumable for companies of all sizes," said Fleming Shi, CTO at Barracuda. "Attackers often start with small organizations that are connected to the larger targets and then work their way up. All of us in the security industry have an obligation to turn sophisticated technology into products and services that can be easily consumed by customers."

Resources: 
Ransomware protection overview: https://www.barracuda.com/ransomware

Read the full Threat Spotlight blog post: http://cuda.co/49656

2020 Ransomware Threat Spotlight research: http://cuda.co/41438

2019 Ransomware Threat Spotlight research: http://cuda.co/38186

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About Barracuda  
At Barracuda we strive to make the world a safer place. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers' journey. More than 200,000 organizations worldwide trust Barracuda to protect them — in ways they may not even know they are at risk — so they can focus on taking their business to the next level. For more information, visit barracuda.com.  

Barracuda Networks, Barracuda and the Barracuda Networks logo are registered trademarks or trademarks of Barracuda Networks, Inc. in the U.S. and other countries. 

Contacts  
Anne Campbell 
Barracuda Networks, Inc. 
978-328-1642 
[email protected]

SOURCE Barracuda Networks, Inc.