The Drop in Ransomware Attacks in 2024 and What it Means

April 8, 2024 at 07:33AM In 2023, ransomware attacks increased by 55.5%, totaling 5,070 victims. However, Q1 2024 saw a 22% decrease compared to Q4 2023. Law enforcement’s actions against LockBit and ALPHV, as well as the decrease in ransom payments, could be contributing factors. Despite the decrease, new ransomware groups emerged in Q1 2024. … Read more

Ransomware, Data Breaches Inundate OT & Industrial Sector

December 7, 2023 at 02:05PM Over 75% of industrial firms experienced ransomware attacks last year, with 54% impacting operational technology. Attacks increased due to the industrial sector’s vulnerability and tendency to pay ransoms. Despite increased IT and OT security incidents, industrial sectors remain primary targets, with geopolitical tensions exacerbating threats. Victims often pay ransoms, urging … Read more

Why Ransomware Could Surge in the Middle East & Africa

November 29, 2023 at 12:07PM Recent data indicate that cyberattacks, particularly ransomware, are intensifying in the Middle East and Africa due to geopolitical conflicts. South Africa experienced a sharp rise in attacks, whereas the UAE saw a decline following international efforts. Israel and its conflict with Palestinians are likely catalysts for further escalation. While cybercrime … Read more