The uptick in ransomware revenue in 2023 was reason for alarm, as the decline in 2o22 had provided much-needed reprieve and created the impression that the gravity of such assaults would only diminish.
It is important to note that new ransomware versions, often known as “strains,” emerge on a regular basis. And attackers can use any of these countless strains available to conduct an assault. However, attackers were up to this task in 2023. As most of the organizations refused to concede to their demands, these players increased the size of the ransom from companies who were still willing to pay, according to Andrew J. Davis of cyber security firm Kivu. In several cases, attackers went so far as to harass employees of victim companies.Russia leads the world in ransomware attacks. Conti, believed to be based in Russia, was the biggest ransomware strain by revenue in 2021.