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Although there remains some ambiguity over whether ransomware was employed, the Play ransomware gang later claimed responsibility , alleging that sensitive data, such as payroll records, contracts, tax documents, and customer financial information, was exfiltrated. of revenue in the food and beverage industry by 2027.
What is the impact of ransomware on organizations? Furthermore, it’s estimated that this sum will increase to nearly $24 trillion by 2027. Based on Ransomlooker, a free Cybernews tool for monitoring the dark web and other hidden areas of the internet, 64% of organizations have already suffered from a ransomware attack.
By 2027, 75% of employees are expected to acquire or modify technology outside of ITs control, up from 41% in 2022. Ransomware Still Reigns Supreme Ransomware attacks continue to plague organizations globally, and 2024 will be no different. This will be a key area to watch with generative AI expanding its attack surface.
billion by 2027 with a compound annual growth rate (CAGR) of 12.5%. Increasing Ransomware Attacks. Ransomware continues to be one of the biggest and most pressing threats to cybersecurity at the moment. Global Phishing Attacks. This article will look at some of the biggest trends affecting cybersecurity in 2022.
A fourth one is slated for release next year, and a fifth one, announced last week, should be available in 2027. Furthermore, only 28% correctly said full CRA compliance begins in 2027. National Institute of Standards and Technology (NIST) last year released three quantum-resistant algorithm standards that are ready to be adopted.
Phishing Attacks: Phishing is the top cyber attack, causing 90% of data breaches. Ransomware Attacks: In 2023, a whopping 72.7% of organizations faced ransomware. every year until 2027, pointing to rapid progress and investment in AI-based security. Shockingly, 96% of these attacks come through email.
billion during 2020-2027, with a compound annual growth rate of 16.1%. The exponential surge in the application security market over the forecast period is mainly driven by the increase in the cyber-attacks like phishing and ransomware which have caused severe data and financial losses over the past years. . Market Dynamics.
By 2027, 75% of employees are expected to acquire or modify technology outside of ITs control, up from 41% in 2022. Ransomware Still Reigns Supreme Ransomware attacks continue to plague organizations globally, and 2025 will be no different. This will be a key area to watch with generative AI expanding its attack surface.
Phishing attacks , still the most common form of attack ( with 9 out of 10 data breach attempts originating from them ) will become next level. Ransomware attacks will become even more sophisticated and intense in 2024, with more originating via unmanaged or bring-your-own devices, and human operated ransomware attacks.
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