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The latest 2022 State of Ransomware Report released by Delinea revealed that ransomware attacks have decreased by more than 60 per cent in Australia.
According to the report, fewer companies are paying a ransom, and fewer cyberattacks have employed the well-known compromising technique in the last 12 months compared to the prior year.
“The reduction of ransomware attacks is an encouraging sign, but organisations need to make sure they keep their guard up against this constant, evolving threat,” said Art Gilliland, chief executive officer of Delinea.
“Staying vigilant by maintaining a strong least privilege approach backed by stronger password protection, authentication enforcement, and access controls can help continue this downward trend.”
In the past 12 months, only 25 per cent of organisations reported being victims of ransomware attacks, a startling 61 per cent decrease from the previous 12-month period when 64 per cent of organisations said being victims, according to a survey of 300 IT decision-makers in the United States conducted on behalf of Delinea by Censuswide.
Additionally, the percentage of harmed companies that paid the ransom decreased from 82 per cent to 68 per cent, indicating that warnings and suggestions not to pay a ransom are being taken seriously.
Along with these encouraging findings, the poll also sparked worries that complacency would result from a potential decrease in threat. Less money is being set aside to protect against ransomware, as only 68 per cent of those surveyed stated they do so now compared to 93 per cent last year.
Despite the overall positive findings of the 2022 State of Ransomware Report, Wahab Yusoff, Vice President, Asia Pacific & Japan, Delinea, advises Asia Pacific organisations to heed its caution against complacency.
“The report not only provides insights into what lies behind the good and bad numbers but also offers foresight into possible pitfalls to avoid,” he said. This recent report indicates that the efforts to fight ransomware in Australia are bearing fruit, but more work still needs to be done.
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