How MFA Failures are Fueling a 500% Surge in Ransomware Losses
Briefly

Sophos reported a 500% increase in average ransom payments over the past year, with organizations paying around $2 million, showcasing the alarming rise in cyber threats.
RISK & INSURANCE highlighted a significant surge in median ransom demands to $20 million in 2023, emphasizing the urgency for updated security measures against cybercriminal sophistication.
Read at The Hacker News
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