From Remote Ransomware To Adversarial AI: How Small Businesses Were Targeted By Cybercriminals In 2024

Breaking the Cycle: Prioritizing Recovery Over Ransom Payments - Cybersecurity Insiders

In 2024, businesses paid $813 million to cyber criminals as the result of ransomware. That’s an astronomical sum, highlighting the immense financial burden cybercrime places on organizations. Rhode Island’s cyberattack of December 2024, where state officials paid out a $5 million ransom, also serves as a cautionary tale.  While the state ultimately recovered its data, the process was long, arduous, and costly, not just in terms of money but also…

From Remote Ransomware To Adversarial AI: How Small Businesses Were Targeted By Cybercriminals In 2024

Ransomware, a severe existential cyber threat to small and mid-sized businesses in the past, continued to pose a serious threat in 2024, according to the recent Sophos Annual Threat Report.In 2024, ransomware cases made up 70% of Sophos incident response cases for small businesses and more than 90% for mid-sized businesses. Nearly 30% of all events recorded by Sophos for small and mid-sized enterprises involved ransomware and data theft attempts…

Southeast Asian firms face surge in ransomware attacks in 2024

Southeast Asia faced 400 daily ransomware attacks in 2024, with Indonesia hit hardest and Malaysia seeing a 153% surge, Kaspersky reports.

Technologueid Jakarta   Businesses in Southeast Asia SEA continue to face a worrying surge in ransomware attacks in 2024 The latest findings from Kaspersky show that businesses in, ...