Ransomware attacks surged in 2024 as hackers looked to strike faster than ever

• Ransomware attacks increased fourfold in 2024, Barracuda report claims
• The rise was made possible by increase in RaaS providers
• The attacks have also gotten faster, report says

Ransomware attacks increased four-fold in the span of a year, likely driven by the increase in ransomware-as-a-service (RaaS) offerings, new research has claimed.

A new in-depth analysis published by cybersecurity researchers from the Barracuda Managed XDR team analyzed 11 trillion IT events logged to identify potential risks. A million indeed were malicious, and of those – 16,812 were confirmed attacks that required immediate defensive action.