For organizations with more than 250 employees, 75% of ransomware attacks were started via email. (Credit: JustSuper/Adobe Stock)

In the past 12 months, around three-quarters of organizations reported being hit by a ransomware attack, and 38 percent were hit twice, according to a survey from Barracuda Networks, Inc., which reported that email was the starting point for 69 percent of companies hit by ransomware. For organizations with more than 250 employees, 75 percent of ransomware attacks were started via email.

As companies leverage more advanced threat protections, hackers have become more reliant on social engineering tactics such as phishing for users' credentials, Barracuda Networks reported. Comprised accounts then become the channels through which malicious actors use to navigate inside a company's system undetected.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Steve Hallo

Steve Hallo is managing editor of He can be reached at [email protected]