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Anti Ransomware Market Challenges 2023: Size, Share, and Forecasts | Sophos, Check Point, Cybereason

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Step into the world of boundless opportunities in the global Anti Ransomware market with INFINITY BUSINESS INSIGHTS as your trusted partner. Our report goes beyond mere information; it’s your gateway to unlocking unparalleled potential. Dive deep into the market’s intricacies, exploring End User insights, Types, Applications, Major Players, and more. With our global forecast spanning from 2023 to 2030, you’ll gain the power to anticipate trends and seize the future. Be the industry leader, armed with the knowledge to outperform the competition. Join us in this exciting adventure, where data shapes destiny, and innovation leads to success. The global Anti Ransomware market beckons, and we hold the key to unlock its untapped potential.

Market Expansion Forecast:
Foresee a robust Compound Annual Growth Rate (CAGR) of 17.6% in the Anti Ransomware market from 2023 to 2030.

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The Key Players in this Market are:
Sophos, Check Point, Cybereason, Faronics, Bitdefender, Malwarebytes, Kaspersky, Mimecast, Seqrite, Trend Micro, Clonix, McAfee, Acronis, Qihoo 360

The Anti Ransomware Market encompasses software solutions and services designed to detect, prevent, and mitigate ransomware attacks. Ransomware is a type of malware that encrypts a victim’s data and demands a ransom for its decryption. Anti-ransomware tools help organizations protect their data and systems by identifying and blocking ransomware threats, providing backup and recovery options, and strengthening cybersecurity measures. This market serves businesses and individuals across various sectors who aim to safeguard their digital assets and sensitive information from ransomware attacks, which continue to pose a significant cybersecurity threat. As ransomware attacks evolve, the Anti Ransomware Market continues to evolve with innovative security solutions.

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Global Anti Ransomware: Scope of the Report:
Our comprehensive market analysis delves into the Global Anti…

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Alarming rise in ransomware attacks on education: Sophos

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Leading cybersecurity firm Sophos has shed light on the alarming increase in ransomware attacks targeting the education sector.
Sophos report on recovery cost in educationThe report titled The State of Ransomware in Education 2023, based on a survey of 400 IT / cybersecurity professionals across 14 countries, unveils the real-world experiences of educational institutions in the face of cyber threats.

Spike in Attacks and Data Encryption

The survey findings revealed a stark rise in ransomware attacks on educational institutions. The education sector reported the highest rates of ransomware attacks among all industries surveyed. An alarming 80 percent of lower education providers and 79 percent of higher education providers reported falling victim to ransomware attacks in 2023. This represents a significant surge from the previous year, with rates more than doubling since 2021, when only 44 percent of education providers faced such attacks.

Additionally, data encryption in the education sector has seen a steady increase. Lower education providers reported an 81 percent rate of data encryption, while higher education institutions reported a rate of 73 percent, remaining consistent with the previous year.

“Double Dip” Method and Data Recovery

One worrying trend is the increasing prevalence of the “double dip” method, where cybercriminals not only encrypt the data but also steal it for potential data exfiltration. Of the lower education organizations that experienced data encryption, 27 percent reported that their data was also stolen. In higher education, this figure rose to 35 percent, indicating a growing adoption of this malicious tactic.
Sophos report on ransomware in education sector 2023The ability to recover encrypted data is crucial for organizations facing ransomware attacks. Fortunately, all higher education institutions and 99 percent of lower education organizations were successful in recovering their data. Notably, the recovery rate for the education sector surpasses the cross-sector average, indicating a degree of resilience in the face of such threats.

Root Causes of Attacks

The report also identified the root causes behind the ransomware attacks. For lower education, compromised credentials (36 percent) and exploited…

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Singapore Records Highest Increase in Ransomware Attacks in 2023, According to Sophos

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Sophos on Wednesday released its annual “State of Ransomware 2023” report, which found that the rate of ransomware attacks on Singaporean organisations increased considerably in 2022 with 84 per cent of organisations surveyed saying they were a victim of ransom, which compares to 65 per cent the year before. This increase meant that Singapore reported the highest rate of ransomware attacks of all countries surveyed this year.

In 61 per cent of attacks on surveyed organisations, adversaries succeeded in encrypting data with 53% of those who had data encrypted paying the ransom to get their data back. This is up from 48 per cent last year and higher than the global average of 47 per cent.

On a global scale, the survey also shows that when organisations paid a ransom to get their data decrypted, they ended up additionally doubling their recovery costs (US$750,000 in recovery costs versus US$375,000 for organisation that used backups to get data back). Moreover, paying the ransom usually meant longer recovery times, with 45 per cent of those organisations that used backups recovering within a week, compared to 39 per cent of those that paid the ransom.


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When analyzing the root cause of ransomware attacks, the most common was an exploited vulnerability (involved in 43 per cent of cases), followed by compromised credentials (involved in 26 per cent of cases). This is in line with recent, in-the-field incident response findings from Sophos’ 2023 Active Adversary Report for Business Leaders.

Data for the State of Ransomware 2023 report comes from a vendor-agnostic survey of 3,000 cybersecurity/IT leaders conducted between January and March 2023. Respondents were based in 14 countries across the Americas, EMEA and Asia Pacific and Japan. Organisations surveyed had between 100 and 5,000 employees, and revenue ranged from less than US$10 million to more than US$5 billion.

Source: https://www.sophos.com/en-us/content/state-of-ransomware

Chester Wisniewski, field CTO, Sophos

Rates of encryption are very high, which is certainly concerning. Ransomware crews have been refining their methodologies of attack and accelerating their attacks to reduce the time for defenders to…

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Malware economy is booming — Sophos – Back End News

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According to the latest report from cybersecurity firm Sophos, the commercialization of cybercrime drove an uptick in nearly all types of cyberattacks in 2022. The malware economy is booming which means no organization is immune to cyberthreats.

The Sophos 2023 Threat Report details the current cyberthreat landscape, including which ransomware groups to watch for and the tools, tactics, and procedures (TTPs) used by today’s adversaries to execute attacks. 

Scott Barlow, vice president of Managed Service Providers (MSP) and Cloud Alliances, Sophos Global , shares what organizations can expect in the 2023 cyberthreat landscape: 

Omdia Universe recognizes Sophos as XDR leader
Cybercriminals scam each other — Sophos

1. The commercialization of cybercrime isn’t slowing down

Although ransomware-as-a-service (RaaS) isn’t a new phenomenon, the widespread adoption of the “as-a-service” model has made nearly every component of cybercrime available for purchase. Many bad actors specialize in one element of an attack (like initial ransomware infection or data extraction) and market and sell their tools and services on forums on the dark web.

Cybercriminals also use these forums to identify and recruit talent, growing their “organizations” and adding new capabilities. The proliferation of sub-cybercrime markets makes the most sophisticated tools and tactics available to every cybercriminal.

2. Demand skyrockets for infostealers and stolen credentials

Infostealers and infostealing malware like keyloggers and remote access trojans (RATs) have always played a key role in the cyberthreat landscape. But the rise in demand for stolen credentials placed an even brighter spotlight on infostealing. Even though attackers historically relied on virtual private networks (VPNs) and remote desktop protocols (RDPs) to gain network access, stolen credentials provide more entry points and can be used to move laterally. For example, a bad actor can leverage stolen credentials to impersonate employees of an organization and bypass authentication measures.

The credential theft marketplace is also an effective way for attackers to get a foot in the door to the world…

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