Technology
Figure 13: Total Technology Victims Month-by-Month 2022 vs 2023
Finally, we come to our third most targeted sector for 2023; Technology. As touched on previously, this sector also experienced a massive increase in terms of absolute figures, from 263 cases in 2022 to 503 in 2023, which is almost double (91% increase) and is in fact the largest year-on-year increase in our top sectors. With that being said, it also interestingly experienced a 6% proportional decrease when compared to its weighting in 2022, which is also the largest in our top three, again an intriguing observation. This is possibly linked to the rise in the number of ransomware groups in 2023, whom still heavily target Technology, contributing to the rise in total figures, but will still have the majority of their resources aimed at the Industrials sector.
Furthermore, there is a blatant pattern that has presented itself in 2023’s figures; for the majority of the year there has been a significant increase, then a drop, followed by another increase, starting from February, and persisting until October. Perhaps, this pattern arises as a result of the effort that is required to effectively breach a Technology organisation; particularly Software & IT Services, which is by far the most targeted industry within. Although they may be attractive targets, they are arguably more likely to have stronger security postures, and performing further supply chain compromises after initial access may necessitate a more sustained effort, causing the subsequent drop after the rise.
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