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Despite increased investment in tools to fight ransomware, 90% of organizations were affected by ransomware in some capacity over the past 12 months, according to SpyCloud’s 2022 Ransomware Defense Report.
Allocation of security budgets
Respondents ranked the risk of attack through third-party vendors as the main factor driving the allocation of security budgets, followed by the rise in frequency and sophistication of ransomware attacks. As a result, organizations’ ransomware mitigation solutions focus increasingly on the risk of account takeover as a precursor to this form of cyber attack.
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