Get the latest tech news
2024 looks set to be another record-breaking year for ransomware — and it’s likely going to get worse
This year, 2024, looks set to be the most profitable yet for hackers, with four ransom demands paid in the tens of millions of dollars.
Despite various law enforcement wins against ransomware actors, like the sweeping takedown of LockBit and the seizure of Radar, hackers continue to reap the rewards of these data-theft attacks — and 2024 looks set to be their most profitable year to date. This apparent scrappiness is only likely to worsen as younger threat actors join the ransomware foray, as we’ve seen with highly skilled and financially motivated hackers like Lapsus$ and, more recently, Scattered Spider. Liska notes that the global ransomware taskforce set up under the Biden administration has been a “huge benefit” to the fight against hackers, thanks to an increase in the sharing of intelligence between nations.
Or read this on TechCrunch
