SCM feed for Latest
In 2024, cyberattacks involving data extortion surged to 6,800 incidents, marking a significant 63% increase from the previous year. This rise has been largely driven by the intensified activities of ransomware groups such as Qilin, Sp1d3r Hunters, and Clop. These groups are known for stealing sensitive data and then threatening to release it unless a ransom is paid. This trend poses serious risks to organizations across various sectors as they face increasing pressure to protect their data and respond to extortion demands. Companies must enhance their cybersecurity measures to mitigate these risks and safeguard their sensitive information from being exploited by cybercriminals.