Ransomware attacks were analyzed in a recent report by Corvus Insurance. According to the report, while Q4 attacks were down slightly from Q3 2023, ransomware activity for the year surpassed 2022 totals by 68%.
Last year, ransomware attacks increased each of the first three quarters and then declined slightly in Q4. Q4 attacks dropped by 7% from Q3, with 1,278 victims observed on ransomware leak sites. Despite this sequential quarterly drop, Q4 2023 activity was still up year over year. In addition, 2023 established a new record for ransomware attacks with 4,496 total leak site victims, compared to 2,670 in 2022 and 3,048 in 2021.