Okay, deep breath, let's get this over with. In the grand act of digital self-sabotage, we've littered this site with cookies. Yep, we did that. Why? So your highness can have a 'premium' experience or whatever. These traitorous cookies hide in your browser, eagerly waiting to welcome you back like a guilty dog that's just chewed your favorite shoe. And, if that's not enough, they also tattle on which parts of our sad little corner of the web you obsess over. Feels dirty, doesn't it?
Ransomware Surge: Why Cybercriminals Are Cashing In Big This Year
Ransomware is on the rise, with cybercriminals targeting major entities for bigger payouts. The average ransom demand has skyrocketed to $1.5 million, and victims face tough choices on whether to pay or risk data loss. While paying ransoms is discouraged, robust cybersecurity measures remain essential.
Hot Take:
Seems like paying a ransom is the new corporate equivalent of buying avocado toast. It’s expensive, it’s trendy, and it’s probably not the best financial decision in the long run.
Key Points:
- Ransomware attacks have surged, with 2023 projected to be a record year for ransom payments.
- “Big game hunting” targets fewer but more significant entities, extracting larger sums of money.
- The largest recorded ransom payment is $75 million, paid by a Fortune 50 company.
- Paying the ransom perpetuates the cycle of cybercrime and does not guarantee data recovery.
- Organizations can mitigate attacks through antivirus software, firewalls, regular updates, employee training, and backups.
Already a member? Log in here