Ransomware Rises, Ransoms Fall: 2024’s Cybersecurity Plot Twist Revealed
Ransomware attacks in 2024 are up, yet ransoms themselves are down, according to Verizon’s “Data Breach Investigations Report.” The median payoff dropped to $115,000 because nearly two-thirds of businesses refuse to pay. Looks like hackers are getting a crash course in economics—and it’s a real bargain!
Hot Take:
2024’s cybersecurity landscape is like a rebellious teenager refusing to fit into the mold—ransomware is acting like it’s on a budget, AI’s been hyped up like a Hollywood blockbuster but fell flat, and the most lucrative targets are left wondering why they didn’t get an invite to the breach party! Verizon’s latest report is practically shouting, “Expect the unexpected!”
Key Points:
- Ransomware attacks have increased, but the ransom payouts have decreased significantly.
- Small and medium-sized businesses (SMBs) are increasingly targeted by ransomware, more so than large enterprises.
- Error-related breaches are more commonly reported by high-maturity enterprises than SMBs.
- Espionage attacks have seen a significant rise across various sectors.
- Third-party breaches and vulnerability exploitations have surged, particularly affecting edge devices.
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