Ransomware groups are gaining access to novel, new initial entry vectors, or zero-day vulnerabilities, at an unprecedented rate. The occurrence of these events has escalated to almost weekly, compared to quarterly occurrences in the past, indicating a worrying trend in cyber threats.
The financial success of ransomware campaigns, bolstered by booming cryptocurrency usage, has enabled operators to invest heavily in exploiting more zero-day vulnerabilities which can have devastating impacts on APAC enterprises.
The emergence of 21 new ransomware groups in the first half of 2024 highlights the evolving threat landscape; criminals doubled their ransom takings to $1.1 billion in 2023, reflecting tenacity and innovation in attacks.
Despite international efforts to counter ransomware, groups are becoming more resilient, evolving tactics, and establishing regionally targeted campaigns in APAC. Cybersecurity professionals face a 'bumpy ride' as these threats intensify.
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