To mitigate this renewed threat, it is crucial to act promptly. Key recommendations include installing updates for operating systems, software, and firmware immediately upon release and implementing phishing-resistant, non-SMS-based multi-factor authentication. The report highlights that ransomware attacks have increased globally, affecting various regions and sectors, with industry being notably impacted. Staying vigilant and proactive is essential to prevent becoming a victim of these increasingly sophisticated cyber threats.
Key takeaways:
- Ransomware attacks are increasing, with the highest number reported since 2021, and LockBit is expected to resume operations on Feb. 3.
- Traditional ransomware attacks focused on encrypting data, but now attackers prioritize data theft for extortion, fraud, and identity theft.
- North America experienced more than half of the ransomware attacks, but all geographic regions saw a rise due to geopolitical tensions and high payouts.
- Key mitigations include installing updates promptly and using phishing-resistant, non SMS-based multi-factor authentication to protect against ransomware threats.