ACRONIS’ END-OF-YEAR CYBERTHREATS REPORT FINDS AVERAGE COST OF DATA BREACHES EXPECTED TO SURPASS $5 MILLION PER INCIDENT IN 2023


Between July and October, Acronis found that the proportion of phishing attacks has risen by 1.3x, accounting for 76% of all attacks – an 18% increase from a previous Acronis report released earlier this year.

Acronis_Cyberthreats_report_Year-end_2022_Slices_221212-01[3].jpg

Acronis, a global leader in cyber protection, released its latest cyberthreats and trends report for the second half of 2022 which found that phishing and the use of MFA fatigue attacks, an extremely effective method used in high-profile breaches, are on the rise. Conducted by Acronis’ Cyber Protection Operation Center, the report provides an in-depth analysis of the cyberthreat landscape including ransomware threats, phishing, malicious websites, software vulnerabilities and a security forecast for 2023.

Of note, the report found that threats from phishing and malicious emails have increased by 60% and the average cost of a data breach is expected to reach $5 million by next year. The research team who authored the report also saw social engineering attacks jump in the last four months, accounting for 3% of all attacks. Leaked or stolen credentials, which allow attackers to easily execute cyberattacks and ransomware campaigns, were the cause of almost half of reported breaches in H1 2022.

“The last few months have proven to be as complex as ever – with new threats constantly emerging and malicious actors continuing to use the same proven playbook for big payouts,” said Candid Wüest, Acronis VP of Cyber Protection Research. “Organizations must prioritize all-encompassing solutions when looking to mitigate phishing and other hacking attempts in the new year. Attackers are evolving, using some of the tools, like MFA, that we rely on to protect our employees and businesses against us.”

Report Highlights: Threat Landscape Sees New Challenges

As security tactics and the technologies associated with them evolve, so do the threat actors trying to break into organizations and their ecosystems. The constant feed of ransomware, phishing and unpatched vulnerabilities demonstrate how crucial it is for businesses to reevaluate their security strategies.

Ransomware Continues to Worsen:

  • Ransomware continues to be the number one threat to enterprises and businesses including government, healthcare and organizations in other sectors.

  • Each month in the second half of this year, ransomware gangs were adding 200-300 new victims to their combined list.

  • The market of ransomware operators was dominated by 4-5 players. By the end of Q3 the total number of compromised targets published for the main operators in 2022 were as follows:

    • LockBit - 1157

    • Hive - 192

    • BlackCat - 177

    • Black Basta – 89

  • 576 publicly mentioned ransomware compromises in Q3, a slight increase from Q2.

  • The number of ransomware incidents decreased slightly in the end of Q3 and the beginning of Q4, after a high during the summer months. From July to August, Acronis saw a 49% increase in blocked ransomware attacks globally, followed by a decrease of 12.9% in September and 4.1% in October.

  • There is a shift towards more data exfiltration as the main actors are continuing to professionalize their operations. Most of the large players have expanded to MacOS and Linux and are also looking at the cloud environment.

Image
Acronis_Cyberthreats_report_Year-end_2022_Slices_221212-02[4].jpg

Phishing and Malicious Emails Remain Successful for Threat Actors:

  • The most-attacked countries in terms of malware per user in Q3 of 2022 were South Korea, Jordan and China.

  • An average of 7.7% of endpoints tried to access some malicious URLs in Q3 2022, slightly reduced from 8.3% in Q2.

  • The country with the most clients experiencing malware detections in October 2022 was the United States with 22.1%, followed by Germany with 8.8% and Brazil with 7.8% which are very similar to the Q2 numbers, except for US and Germany which had a small increase, especially in financial trojans.

  • Spam rates have increased by over 15% — reaching 30.6% of all inbound traffic.

  • Email-borne attacks are targeting virtually all industries. By analyzing the top 50 most attacked organizations, it seems that the most attacked industries are:

    • Construction

    • Retail

    • Real estate

    • Professional Services (Services and computers & IT)

    • Finance

  • Between July and October 2022, the proportion of phishing attacks has risen by 1.3x reaching 76% of all email attacks (up from 58% in H1'2022). This rise is on the expense of the proportion of malware attacks.

Image
Acronis_Cyberthreats_report_Year-end_2022_Slices_221212-03[2].jpg

Unpatched Vulnerabilities Prove Fruitful into the Second Half of the Year:

  • Acronis continues to see and warn businesses and home users that new zero-day vulnerabilities and old unpatched ones are the top vector of attack to compromise systems.

  • While software vendors try to keep up and release patches regularly, quite often it is still not enough -- a lot of attacks succeed due to unpatched vulnerabilities.

  • Microsoft:

    • Another phishing campaign targeting Microsoft did impersonate "the Microsoft team" and tried to bait the recipients into adding their memo text onto an online memorial board "in memory of Her Majesty Queen Elizabeth II" when she passed away in September.

    • Another large-scale phishing campaign was spotted targeting credentials for Microsoft’s M365 email services. It is aimed at fin-tech, lending, accounting, insurance, and Federal Credit Union organizations in the US, UK, New Zealand, and Australia.

Download a copy of the full Acronis End-of-Year Cyberthreats Report 2022 here: https://www.acronis.com/en-us/lp/cyberthreats-report-2022-end-year.

Image
Acronis_Cyberthreats_report_Year-end_2022_Slices_221212-04[2].jpg

About Acronis

Acronis unifies data protection and cybersecurity to deliver integrated, automated cyber protection that solves the safety, accessibility, privacy, authenticity, and security (SAPAS) challenges of the modern digital world. With flexible deployment models that fit the demands of service providers and IT professionals, Acronis provides superior cyber protection for data, applications, and systems with innovative next-generation antivirus, backup, disaster recovery, and endpoint protection management solutions powered by AI. With advanced anti-malware powered by cutting-edge machine intelligence and blockchain based data authentication technologies, Acronis protects any environment - from cloud to hybrid to on premises - at a low and predictable cost.

Founded in Singapore in 2003 and incorporated in Switzerland in 2008, Acronis now has more than 2,000 employees in 60+ locations. Acronis Cyber Protect solution is available in 26 languages in over 150 countries and is used by over 20,000 service providers to protect over 750,000 businesses.

  • COMMENTING RULES

    Commenting on www.vagabond.bg

    Vagabond Media Ltd requires you to submit a valid email to comment on www.vagabond.bg to secure that you are not a bot or a spammer. Learn more on how the company manages your personal information on our Privacy Policy. By filling the comment form you declare that you will not use www.vagabond.bg for the purpose of violating the laws of the Republic of Bulgaria. When commenting on www.vagabond.bg please observe some simple rules. You must avoid sexually explicit language and racist, vulgar, religiously intolerant or obscene comments aiming to insult Vagabond Media Ltd, other companies, countries, nationalities, confessions or authors of postings and/or other comments. Do not post spam. Write in English. Unsolicited commercial messages, obscene postings and personal attacks will be removed without notice. The comments will be moderated and may take some time to appear on www.vagabond.bg.

Add new comment

The content of this field is kept private and will not be shown publicly.

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.

Discover More

ACRONIS CONTINUES TRADITION WITH FOURTH ANNUAL DONATION OF BOOKS TO BULGARIAN SCHOOL
Every year, Acronis, through its philanthropic arm, the Acronis Cyber Foundation Program, donates 100 books to a different Bulgarian school in recognition of the day of the Holy Brothers Cyril and Methodius, which lands on May 22.

PROFILINK WITH NEW CORPORATE IDENTITY, JOINS LINKIN INDUSTRIAL GROUP
Profilink, one of the most successful manufacturing companies and trade brands in Bulgaria has announced that it has successfully ended a project that lasted for a

WOMEN AT THE TOP
Modern society values success more than many other things. But how can you measure success?

BECOME PART OF DIBLA DESIGN AWARDS
Dibla Design Awards stand out as the event that celebrates the achievements in interior design in Bulgaria. Each year, the ceremony attracts an audience of over 1,200 and is an excellent opportunity for networking in an inviting and inspiring ambiance.

AVISON YOUNG'S OFFICE MARKET REPORT FOR SOFIA IN THE SECOND HALF OF 2023
The actively trading inventory of completed class A&B office space in Sofia tracked by Avison Young Bulgaria is 2.01 million sq.m. Just 10,950 sq. m new office stock were delivered to market during the second half of 2023.

ACRONIS JOINS MICROSOFT INTELLIGENT SECURITY ASSOCIATION (MISA)
MISA members have integrated their solutions with Microsoft security technology to build a better defense against a world of increasing cybersecurity threats. 

ACRONIS RECONFIRMS ITS COMMITMENT TO SUPPORTING LOCAL COMMUNITY IN BULGARIA
When a company is committed to becoming an integral part of the community, it seeks various avenues to contribute. Acronis has actively engaged in developing educational initiatives and supporting learning worldwide.

NEW ACRONIS CYBERAPP STANDARD ACCELERATES ECOSYSTEM GROWTH AND PARTNER SUCCESS
Acronis, the global leader in cyber protection, today announced the