Cyberattacks escalated in 2022 as critical industries remain a frequent target of cybercriminals. New data from Check Point Research revealed that global cyberattacks rose by 38% in 2022 over the previous year. Many of these attacks were led by small hacker groups focused on exploiting collaboration tools used in work-from-home environments.

With critical industries and infrastructure under attack, cybersecurity remains the top investment priority for CIOs as firms need to manage escalating threats. Ransomware is a leading cause of data breaches, and key, high-profile targets include healthcare organizations, universities, financial institutions, telecommunications, as well as governments.

Ransomware attacks are not only costly but more difficult to identify and contain, according to a report from IBM. Last year, the average cost of a ransomware attack reached $4.54 million, while additional consequences range from loss of data to eroded trust from customers.

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