Ransomware payments hit record highs as threats get harder to detect
The frequency of ransomware attacks has dropped from eight incidents per organization to five or six incidents in the last year, but at the same time the average ransomware payment has surged by more than a million dollars, from $2.5M to $3.6M.
A new Global Threat Landscape report from ExtraHop, based on research by Censuswide, finds threat actors are shifting away from broad, indiscriminate attacks to a more targeted approach that yields better results.
Financial sector faces surge in cyber threats
New research shows institutions in the financial sector experience up to 300 times more cyberattacks than other sectors, with large banks reporting 45 percent of their employees susceptible to phishing attacks.
The study from KnowBe4 reveals almost all (97 percent) of major US banks experienced third-party breaches in 2024, while targeted intrusions against financial institutions increased by 109 percent year-on-year.