There are a number of factors contributing to the consistently high attack volumes within the Technology sector, and in particular the Software & IT Services industry; the storage of IP in the form of source code for example, which are attractive targets for extortive threat actors. Perhaps the most significant however, is the heightened potential for supply chain attacks.
Perhaps the most significant however, is the heightened potential for supply chain attacks, specifically where managed service providers are concerned, where a threat actor can hit a myriad of organisations with just one compromise, as mentioned above. We predict that Technology will continue to be a prominent target in 2024 as it has been the third most targeted sector for two years now, which is unlikely to alter.
Industries
Figure 14: Most Targeted Industries in Technology 2022 vs 2023
Software & IT Services as the most targeted industry within the Technology sector to a large degree with 342 attacks, which accounts for a huge 68% of all attacks within, which is also a 146% increase year-on-year. Secondly, we have Telecommunications Services with 42 cases in 2023, which accounts for 8% of all ransomware attacks in the year. Finally, Communications & Networking is in third place with just 38 attacks, also contributing 8%.
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