2023 set a new ransomware record, with companies paying over $1 billion in ransoms. According to Kaspersky, there was also a 30% global increase in targeted ransomware groups compared to 2022, with the number of known victims rising by an astounding 71%.
So, what are the biggest ransomware trends of 2024? Jason Green, our Director of Growth Marketing, has observed several key trends this year:
-Double extortion is becoming increasingly common as part of a typical ransomware attack.
-Ransomware-as-a-Service (RaaS) groups are professionalizing and growing the ransomware economy.
-Geopolitical attacks, including those on U.S. critical infrastructure, are on the rise.
These trends are creating the perfect storm for not only continued attacks but more intelligent and targeted ones. Legacy and emerging RaaS groups know two things for certain:
-Exfiltrating and then exposing data can cost organizations millions, increasing the likelihood of payment.
-Crippling municipal and government services can be potentially catastrophic, further raising the stakes.
-Don't miss this important discussion on the evolving ransomware landscape and the biggest trends of 2024. For more insights, reach out to us and schedule a consultation today!
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