The ransomware industry surged in 2023 as it saw an alarming 55.5% increase in victims worldwide, reaching a staggering 4,368 cases. 
Figure 1: Year over year victims per quarter
The rollercoaster ride from explosive growth in 2021 to a momentary dip in 2022 was just a teaser—2023 roared back with the same fervor as 2021, propelling existing groups and ushering in a wave of formidable

The ransomware industry surged in 2023 as it saw an alarming 55.5% increase in victims worldwide, reaching a staggering 4,368 cases. 
Figure 1: Year over year victims per quarter
The rollercoaster ride from explosive growth in 2021 to a momentary dip in 2022 was just a teaser—2023 roared back with the same fervor as 2021, propelling existing groups and ushering in a wave of formidable