November 13, 2024 at 05:58PM
OpenText has released its “Nastiest Malware of 2024” list, with ransomware LockBit topping the rankings for its persistent attacks on critical infrastructure. Cybersecurity investments are expected to rise by 14.3%, exceeding $215 billion. Other notable malware include Akira, RansomHub, Dark Angels, Redline, and Play Ransomware.
### Meeting Takeaways from OpenText Press Release on “Nastiest Malware of 2024”
1. **Announcement Overview**: OpenText has released its “Nastiest Malware of 2024” list, marking the seventh edition, which highlights significant cyber threats impacting industries globally.
2. **Key Cybersecurity Highlights**:
– Ransomware targeting critical infrastructure is the primary focus this year.
– Organizations are expected to increase cybersecurity investments by **14.3%** in 2024, surpassing **$215 billion**.
3. **Top Malware Trends**:
– **LockBit** tops the list as the most dangerous malware, recorded in **175 attacks** on critical infrastructure in 2023.
– **Akira** has emerged as a new threat, particularly active in sectors such as healthcare, manufacturing, and finance.
– **RansomHub** has made headlines by attacking Planned Parenthood and stealing sensitive patient data.
– **Dark Angels** have executed significant attacks, achieving ransom payments as high as **$75 million**.
– **Redline** specializes in credential theft, posing a notable challenge across various sectors.
– **Play Ransomware** has targeted both public and private sectors with a range of innovative attack techniques.
4. **Expert Insight**: Muhi Majzoub, EVP and Chief Product Officer, pointed out the increased use of artificial intelligence by cybercriminals, raising concerns for national security, but noted a positive shift in organizations prioritizing cybersecurity investments.
5. **Further Engagement Opportunities**: OpenText invites interested parties to explore its Cybersecurity Community, view an infographic related to the findings, and participate in a forthcoming “Nastiest Malware Webinar”.
6. **Background on OpenText Cybersecurity**: The organization provides a comprehensive suite of security solutions aimed at building cyber resilience through prevention, detection, and response tactics.
7. **Company Information**: OpenText is recognized as a leading Information Management software and services company, and information about its services and updates can be found on their official website.
8. **Disclaimers and Forward-Looking Statements**: The press release contains forward-looking statements with inherent risks and uncertainties affecting future outcomes, advising readers to consider these while interpreting the information.
### Action Items
– Explore additional resources on cybersecurity from OpenText.
– Attend the upcoming webinar for in-depth analysis of cyber threats.
– Review the effectiveness of current cybersecurity measures in place, considering reported trends.