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Manufacturers Targeted as Ransomware Victim Numbers Spike 27%

May 12, 2023 – Published on Infosecurity Magazine

he number of ransomware victims appearing on data leak sites surged by 27% year-on-year (YoY) in April to 354, with manufacturing the most impacted industry, according to GuidePoint Security.

The security vendor’s latest monthly GRIT Ransomware Report was published on Thursday, ahead of Interpol’s awareness-raising initiative “Anti-Ransomware Day” today.

The GuidePoint report is compiled from analysis of 24 ransomware leak sites, so the real figure for victims could be many times greater, considering many victims choose to pay and therefore will not be featured on such sites.

However, on those analyzed sites, a fifth (19%) of victims were manufacturing companies. Manufacturers are often singled out by extorters, given their low tolerance for production outages.

While victim volumes declined 22% between March and April this year, they increased 46% in the manufacturing sector.

Read More HERE.