The growing cyber threat: Ransomware, China, and state-sponsored attacks

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The growing cyber threat: Ransomware, China, and state-sponsored attacks

"Ransomware attacks surged 252% last year—hospitals, schools, and local governments are paying the price," said Brad Smith, Microsoft vice chair and president, during a Global Stage discussion at the 2025 Munich Security Conference. Smith highlighted the evolving cybersecurity threats in 2025. While defenses have improved, China’s recent Salt Typhoon attack exposed vulnerabilities in US telecom networks, and ransomware has exploded—with over ha…