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Image Credit: Cybersecurity-Insiders

Rising Cyber Extortion Threats Targeting Large Companies in 2024

  • Hacking groups are increasingly targeting large organizations for significant payouts, exploiting vulnerabilities in the supply chain.
  • A growing number of businesses are opting to pay the ransom, with some paying record amounts.
  • Factors contributing to this shift include increased law enforcement efforts, advanced backup systems, and free decryption tools.
  • Ransomware attacks are expected to increase by 50%, with finance, healthcare, technology, and logistics sectors at higher risk.

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