Priya PatelTLDR:
Ransomware attacks have been on the rise, with a record amount of payments made in 2023. The use of AI by bad actors has increased the frequency and sophistication of attacks. Businesses need to be proactive in their cyber defense strategies, focusing on threat intelligence, proactive threat hunting, and monitoring OT networks. Collaboration and sharing of knowledge among organizations is key to resisting the surge of ransomware attacks.
Article Summary:
Ransomware attacks have seen a resurgence, with a record US$1 billion paid to attackers in 2023. The use of AI by cybercriminals has increased the frequency and sophistication of attacks, making it easier and cheaper for attackers to target businesses. The rise of ransomware has led to an increased focus on threat intelligence and proactive threat hunting in cyber defense strategies.
Businesses need to be proactive in their approach to cybersecurity, focusing on monitoring OT networks and implementing dedicated ICS Incident Response Plans. Collaboration and sharing of knowledge among organizations can help create a united front against ransomware attacks. The collective effort across people, processes, and technology is key to resisting the surge of ransomware attacks in the cyber landscape.
