Ransomware Attacks in the Philippines surge by almost 60% in 2022, New Report from Palo Alto Networks Unit 42 Finds

The report reveals insights into the latest tactics of ransomware gangs; financial, geographical, and industry impacts based on data gathered from Unit 42 investigations.

Palo Alto Networks found that ransomware and extortion cases in the Philippines increased by 57.4% in 2022 with 11 reported cases across key sectors. Threat actors are utilizing more aggressive tactics to pressure organizations, with harassment being involved 20 times more often than in 2021, according to Unit 42™ incident response cases.