In this Help Net Security video, Charl van der Walt, Head of Security Research at Orange Cyberdefense, discusses cyber extortion attacks and their expansion to new regions.
A recent report revealed that cyber extortion activity reached the highest volume ever recorded in Q1 2023 after a decline of 8% in 2022. These figures were gathered through data from 6,707 confirmed business victims.
As a result of consistently high-impact attacks, governments worldwide are starting to take more action. Some forbid companies operating within their country to pay a ransom when demanded.