Cyber extortion sees huge rise – and small businesses are four times more likely to be hit


Cyber extortion remains the most prominent threat facing businesses of all sizes across all industries, a new report from Orange Cyberdefense has found.

The 2024 Cy-Explorer report worryingly uncovered that the number of victims of cyber extortion scams has grown by 77% year on year. In Q1 of 2024 alone, there were 1,046 organizations that were the victims of double-extortion. The actual figure for victims of ransomware attacks is likely to be much higher – known as the “dark number” – due to the stats on cyber extortion being gathered from observable data on dark web leak sites.

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Source: MSN News


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