Value chain

CyberRes reveals rapid rise in digital value chain attacks with ransomware victims nearly doubling year over year

Galaxy Threat Research Team Provides Insights on Business Impact of Global Threats

SANTA CLARA, Calif., June 7, 2022 /PRNewswire/ — CyberRes, a business unit of Micro Focus (LSE: MCRO; NYSE: MFGP), is pleased to announce the release of the first annual report on the current state of cyber threats and an overview of cyber events in 2021. This Strategic Report marks another milestone in the advanced threat research journey that began with the launch of the immersive Galaxy Online platform in January 2022 to provide better cyber resilience to the market.

CyberRes research shows that threats have rapidly evolved to target the growing threat surface of organizations that have integrated digital into their business growth DNA. As organizations quickly embrace digital as a competitive differentiator, adversaries are just as quick to exploit vulnerabilities in the digital value chain.

The CyberRes Galaxy 2022 Annual Report is the first in a series to provide perspective on geopolitical, regional and industrial threat conditions and what to expect throughout the year. Some of the key findings for 2021 outlined in the report include:

  • North America tops the list of most affected regions, experiencing 33.5% of total reported cybersecurity issues, followed by Asia Pacific at 23.5% and Europe at 20%.
  • Globally, approximately 19.3% of cyberattacks were ransomware.
  • The services sector was the most targeted globally, with 33.7% of cyberattacks, followed by the public sector (21.4%).
  • There has been a 200% growth in cyberattacks targeting the financial sector.
  • Nearly 69% of cyberattacks in North America were motivated by financial gain.
  • Germany (21.6%) and France (18.3%) are the two countries most affected by cyberattacks in Europe.
  • Around 33% of total cyberattacks carried out in the Asia Pacific region were for cyber espionage, followed by financial gain.
  • In Latin AmericaLockBit ransomware accounted for 28.3% of total ransomware attacks in the region, followed by Prometheus ransomware with a 13% share.
  • In the Middle East and Africa31% of geopolitical and cybersecurity events were motivated by financial gain and political advantage.
  • The telecommunications and technology sectors have seen the most cyberattacks over the past AustraliaNew Zealand region with 35.7%, followed by financial services at 18.5% and the health sector at 11.4%.

“Everyone is at risk of feeling the direct or indirect impacts of cyberattacks, as all records were broken last year in terms of the number of cyberattacks against government entities, private sector organizations and individuals,” said Marc Fernandes, Global CTO at CyberRes. “Unfortunately, this trend continues into 2022. One of the key effective defenses is to maintain a clear understanding of the current landscape, tactics and threats that may emerge.”

This annual report was compiled by experts from the CyberRes Galaxy threat research program, which continuously tracks existing and emerging global cybersecurity threats. In addition to active threats, the program continuously tracks geopolitical and social events, as research has shown they have a direct correlation to cyber activity and the ever-changing threat landscape.

The report is available here.

More information

Join CyberRes on LinkedIn and follow @MicroFocusSec Twitter.

About CyberRes
CyberRes is a business line of Micro Focus. We bring the expertise of one of the world’s largest security portfolios to help our clients navigate the changing threat landscape by building both cyber and business resilience within their teams and organizations. CyberRes is part of a larger set of digital transformation solutions that combat adverse conditions so businesses can keep operating today, keep the lights on, and transform to grow and take advantage of tomorrow’s opportunities.

Contact: [email protected]

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