Dive Brief: Ransomware attacks inflicted more financial damage and hit more companies last year than ever before, according to Unit 42 and Chanalysis research. Victim organizations paid a collective $1.1 billion in ransom demands in 2023, the largest amount ever recorded, Chainalysis said in a Wednesday report on financially-motivated criminal activity in cryptocurrency exchanges. Threat […]
Ransomware attacks can have severe consequences, causing financial losses, reputational damage, and operational disruptions. The methods used to deliver ransomware vary, including phishing emails, malicious websites, and exploiting vulnerabilities in software or operating systems. Cybercriminals often target organizations with weak cybersecurity measures, outdated software, or inadequate employee training on recognizing and preventing phishing attacks. In […]