Ransomware Trends: What Businesses Need To Know [Forbes]
ZURICH INS GROUP S/ADR (ZURVY)
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Source: Forbes
Keeping up to date with trends in the world of ransomware is key to optimizing your cyber defenses. As the saying goes, “Keep your friends close and your enemies closer.” The beginning of a new year is a good time to reflect on what's happened over the last 12 months in the world of ransomware. As a ransomware expert, I'm going to share some of the standout trends we've been seeing in this space and how you can stay one step ahead of hackers in 2024. Attacks On The Rise It's been a tough year in the world of cybersecurity. During the Covid pandemic, a surge in remote work expanded the attack surface area of many networks and provided fertile ground for ransomware hackers. Today, cyberattacks escalate as cybercriminals innovate and cybersecurity defenses are subsequently strengthened. While 2022 saw only a small increase in the total number of attacks, successful attacks were more severe. The average ransom demand sharply in 2023, from around $812,000 in 2022 to approximately $
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