ransomware

Cybersecurity professionals, buckle up! Ransomware continues to evolve, and a new trend is raising serious concerns: Ransomware-as-a-Service (RaaS). What is RaaS? Imagine a dark web marketplace where cybercriminals can rent out all the tools they need to launch a ransomware attack. That’s RaaS in a nutshell. It allows anyone with a malicious intent, regardless of technical skill, to become a cyber extortionist. Why is this relevant? RaaS democratizes cybercrime, making it easier for low-level actors to target individuals and businesses....

Global cybercrime damages are predicted to cost up to $10.5 trillion annually by 2025 (Cybersecurity Ventures). Not getting caught in the landslide is a matter of taking in the right information and acting on it quickly. We collected and organized over 300 up-to-date cybercrime statistics that highlight: The magnitude of cybercrime operations and impact The attack tactics bad actors used most frequently in the past year How user behavior is changing… and how it isn’t What cybersecurity professionals are doing to counteract these threats How different countries fare in terms of fighting off attackers, including other nation-states What can be done to keep data and assets safe from scams and attacks....

Cyberattacks are constantly evolving, and 2024 is no exception. While the dust hasn’t settled yet, here’s a glimpse into some key trends and concerning incidents: Rise of Ransomware-as-a-Service (RaaS) RaaS makes launching sophisticated attacks easier and cheaper for less-skilled criminals. The ease of access has contributed to a significant increase in ransomware attacks, with some reports suggesting a 50% year-on-year jump in the first half of 2023 [Source: World Economic Forum]....

The digital age has brought incredible opportunities, but with them, an ever-evolving threat landscape. In this constantly connected world, cybersecurity is no longer an option, it’s a necessity. But just how big is the cybersecurity industry, and why is it growing so rapidly? Here are some compelling facts and figures that paint a clear picture: Market Size: According to Grand View Research, the global cybersecurity market was valued at USD 222....

This Edition of the Cyberguard chronicles is about the 5 most lethal cyber attacks ever! 1 – WannaCry This has probably been deemed as the worst kind of Ransomware of its kind in history. The hacking group who was primarily responsible was known as the “Equation Group”. This was basically an Encryptor which locked the screens and various files of its victims. WannaCry spread itself very quickly over a four-day period and took out a staggering 200,000+ computers in 150 countries....