While ransomware has been around for decades, its prevalence has exploded over the last two years. These attacks used to be perpetrated by individuals; now they’re launched by networked groups of affiliates who buy and sell each other’s specialized skills and toolkits. Attacks were once unfocused and one- dimensional; now they use targeted, multi-layered tactics that are much harder to defend against and that command much higher ransoms. Ransomware is expected to cause $42 billion in damages by the end of 2024.
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