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Professional Services Sector Ransomware Highlights

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Ransomware has continuously evolved since it first arrived on the scene in 1989. Over the past 34 years, researchers have explored the rise of ransomware fueled by its ease of distribution, shortened path to monetization, and the parallel growth of cryptocurrency.

Every sector has been affected by ransomware, and none more than professional services. In this report, we will dive deeper into the professional services sector data, which represents 35.8% (the largest segment) of all events in our observation period—from May 2019 through May 2022. This data led us to explore trends in ransomware families, controls, and mitigation techniques.