Ransomware, meanwhile, continues to trend upward. A brief lull in 2022 led some to think the worst was over, but that optimism has faded. “Everyone thought, OK, it’s over now, but it certainly returned,” said Ingerslev. He estimated a 20% to 30% year-over-year increase in ransomware activity, based on both internal portfolio data and ransomware group leak sites, where stolen data is posted if victims don’t pay.