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Ransomware, extortion cases up by 62% globally in 2023

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NTT Security found that the hybrid cloud environments, bring your own device practice, and third-party integrations have expanded the attack surface for most organisations.

In addition, there are risks to the “dismissive” attitudes of non-technical users over security, according to the report, which noted that these users tend to have weak or reused passwords across multiple sites. They are also “too trusting” or “click happy,” which makes them vulnerable to phishing emails or websites.

Nichols underscored that organisations are “struggling to defend” against malware and ransom or extortion threats.

“The predictions and recommendations in our report offer business and technical leaders a roadmap to make quicker and informed decisions to improve their security posture as these threats exponentially escalate,” Nichols said.

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