4,000 Ransomware Attacks a Day?! The Hidden Cyber Crisis

Ransomware is back—and it’s bigger than ever.

2023 shattered records for cybercrime payouts, with attacks now happening 4,000 times a day in the U.S. alone. But here’s the twist: hackers aren’t just locking your systems anymore—they’re stealing your most sensitive data and threatening to leak it.

In this episode of Risky Business, Paul Martin and Colin Rook dive into:

Why ransomware spiked after a brief dip in 2022

How criminals shifted from encryption to pure extortion

The shocking stats every business leader needs to know for 2024

What small and mid-sized businesses can do right now to protect themselves

If you think cyberattacks only happen to “the big guys”—think again.

00:00 – Introduction & year-end cyber trends

00:50 – Ransomware makes a major comeback

02:10 – Why cybercriminals shifted away from AI-driven attacks

03:20 – Ransomware payouts surge and success rates climb

04:00 – Cybercrime as a for-profit industry

05:30 – The shift from data encryption to data extortion

06:55 – State-sponsored cybercrime and geopolitical ties

07:45 – Why paying the ransom doesn’t protect you anymore

09:15 – How cybercriminals are evolving their targets

10:15 – Third-party vendors become the new weak point

12:00 – Where cyber risk is heading in 2024–2025

13:25 – Why businesses need heavyweight cyber protection

14:25 – How cyber insurance helps identify hidden threats

16:15 – What small and mid-sized businesses can do now

17:10 – 4,000 ransomware attacks per day: final warning

👉 Learn how Butler Buyers can help protect your business: https://butlerbuyers.ca

#CyberSecurity #Ransomware #SmallBusiness