Cyber Extortion Soars: SMBs Hit Four Times Harder

Cyber extortion continues to proliferate with an unprecedented number of threat actors and a 77% year-on-year growth in cyber extortion victims, according to Orange Cyberdefense (OCD).

In its Cy-Xplorer 2024 report, published on July 3 , OCD observed that 60 distinct ransomware groups were responsible for 4374 victims over the period of Q2 2023 to Q1 2024.