For the past two years, ransomware has been on a tear, increasing 62% year over year in 2020 and another 105% in 2021. During this time, Ransomware-as-a-Service (RaaS) took off, compromised credentials became cheaper and more plentiful than ever, and the number of vulnerabilities continued hitting record highs. But despite there being fewer barriers of entry for new threat actors than ever before, in 2022, SonicWall Capture Labs threat researchers observed a 21% drop in ransomware year over year. Other vendors have noted a similar decline, as have U.S. government agencies.

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