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Malware Decrease is Proportional to Rise in Ransomware
Since COVID, a shift in the type of intrusions has become obvious: despite a 39% drop in general malware; crypto and IoT jacking rose — and ransomware proportionally, by 40% (Source: SecMag).
Ransomware hackers repurpose malware for multistage exploits, often over months, to search environments for “crown jewels.” A flood of IoT devices with little security in mind (from smartphones to door chimes) and remote workers, enable this by spiking attack vectors in.
There’s a slim chance of ransomers being caught. For one, they usually use bitcoin, which is next-to-impossible to track. Hackers will continue to use this lucrative, risk-free type of cybercrime in order to achieve global recognition and economic power. Organizations must make themselves hard targets at every level.
Know Your Risks
Risks of Outdated AppSec
Mitigating Outdated AppSec Risks, Safeguarding Your Digital Assets in a Rapidly Changing World with CloudDefense.AI
Ransomware attacks are 2.5X more damaging than other cybersecurity incidents.
Downtime after an attack can cost nearly 50X more than the ransom itself.
91% of paid apps had poor devsecops in 2020, causing a record-number of attacks.