According to BlackFog's 2024 Ransomware Trend Report, data theft constituted a staggering 94% of all cyber attacks, highlighting the strategic shift of cybercriminals who now blend data exfiltration and encryption in their ransomware tactics. Attackers threaten to expose or sell stolen data on the dark web, adding pressure to victims. The report indicated a 25% increase in ransomware incidents, with the average cost of attacks reaching $5.21 million, revealing the escalating financial stakes and the need for organizations to implement robust security. Governments are attempting to counter this surge with enhanced regulations.
Data theft accounted for 94% of all cyber attacks worldwide in 2024, significantly impacting organizations and elevating financial and reputational risks.
The report highlights that ransomware is evolving, where attackers now threaten to leak or sell stolen data on the dark web if ransoms are not paid.
Organizations faced increasing financial damage, with the average cost of ransomware attacks involving data theft reaching $5.21 million in 2024.
Governments are responding to the growing ransomware threat with new regulations, like mandatory incident reporting, as the global crisis escalates.
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