Ransomware is the biggest threat to digital business
While ransomware has been around for decades, its prevalence has exploded in the last few years. These attacks used to be perpetrated by individuals; now, they’re launched by networked groups of affiliates who buy and sell each other’s specialized skills and toolkits. Attacks were once unfocused and one-dimensional; now, they use targeted, multilayered tactics that are much harder to defend against and command much higher ransoms. Ransomware is expected to cause $42 billion in damages by the end of 2024.