Ransomware attacks are on the rise, increasing in frequency and complexity. The 2022 Verizon DBIR shows that ransomware attacks recorded a 13% increase in 2022 while the FBI’s annual Internet Crime Report links $34.3 million in financial losses to ransomware attacks. In many cases, Active Directory (AD) attacks significantly influence the breadth impact of ransomware attacks.

The next few years will find retailers across the country focusing on significant business model innovations by harnessing technological intellectual property to build resilient digital supply chains that ensure the delivery of high customer experiences at scale. Technology and business leaders will be challenged to demonstrate greater agility and continuity in a market that will continue to be volatile and unpredictable. So say Scott Ernst and Kayla Broussard, executives with IBM’s cloud advisory and cloud architect practices, in a podcast interview with BizTechReports.

As the industry comes to grips with the highly disruptive implications of a once-in-a-generation pandemic event, executives are bracing themselves for continued volatility as incidences of unprecedented weather events rise, and bad actors target critical infrastructures with malware and ransomware attacks.

Malware and ransomware attacks have achieved an unprecedented level of ubiquity across organizations of all sizes and industries. A Spring of 2021 survey conducted by analysts at IDC revealed that 95.1% of organizations had suffered a malicious attack within the past 12 months, and 36.6% of respondents have suffered more than 25 attacks during that time.

New data from Juniper Research has found that global business spend on cybersecurity solutions will grow by 33 percent over the next four years, reaching $134 billion annually by 2022.