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The current state of ransomware: Weaponizing disclosure rules and more
- Ransomware has become a multi-layered, global challenge that continues to threaten businesses and governments alike.
- AI technology enhances phishing and social engineering attacks, and deepfake technology is used in social engineering to create convincing fraud videos or audios.
- Ransomware weaponizes disclosure rules and regulations, particularly those issued by the U.S. SEC, to pressure victims into paying ransoms.
- Living-off-the-land (LOTL) tactics that use established tools and software continue to evade standard cybersecurity defenses.
- Ransomware is being used as a geopolitical tool by country-sponsored actors, hacktivist groups, and cybercriminals with political agendas.
- Industries such as healthcare, public administration, transportation, and finance are the most vulnerable to ransomware attacks.
- The costs of ransomware extend beyond the ransom payments and include disruption, data loss, recovery costs, reputational damage, and more.
- Despite the increasing complexity and financial impact of ransomware attacks, advancements in AI cybersecurity tools and a growing awareness of evolving tactics provide pathways for improving defenses.
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