Canadian Manufacturing

OpenText releases BrightCloud threat report on ransomware trends

by CM Staff   

Manufacturing Small Business Technology / IIoT Electronics Public Sector cyberattacks data security malware ransomware small business

The report shows ransomware remains largest cyber threat to SMBs as phishing activity spikes with 770 per cent increase.

WATERLOO — OpenText announced the release of the 2022 BrightCloud Threat Report outlining trends affecting small and large businesses worldwide.

This year’s report provides market insights, trend data, and predictions for upcoming challenges as organizations build their cyber resiliency in the face of increasing cyberattacks and cyber warfare.

According to the data, remote and hybrid work environments continue to alter how people interact and present new security challenges that open lucrative opportunities for attackers.

Researchers also found that last year alone, phishing attacks escalated across email, text, and other communications platforms and new high-risk malicious URLs were found hiding behind proxy avoidance.


Although the browser-based cryptojacking has reportedly disappeared, the company says cryptomining malware shifted into mainstream as cybercriminals continue to look for ways to compromise data and personal information.

“Businesses’ ability to prepare for and recover from threats will increase as they integrate cyber resilience into their technologies, processes, and people,” said Mark J. Barrenechea, OpenText CEO & CTO in a statement.

“With security risks escalating worldwide and a persistent state of ‘unprecedented’ threats, compromises are inevitable. This year’s findings reiterate the need for organizations to deploy strong multi-layered security defenses to help them remain at the heart of cyber resilience and circumvent even the most creative cybercriminals.”




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