Ransomware Innovation: Fighting Back With New Strategies

Forbes December 16, 2024
Heather Wishart-Smith

While ransomware tactics grow more advanced, so do the methods to detect, prevent, and recover from these attacks. In 2024, the focus of ransomware innovation has shifted toward resilience, collaboration, and advanced technologies to combat this persistent menace.

The Evolution of Ransomware Threats

Ransomware attacks have expanded beyond simple encryption-based schemes to encompass multi-faceted extortion. Criminals now engage in “ransomware as a service,” an emerging component of the gig economy that allows even low-skilled attackers to execute high-level ransomware campaigns using leased tools. This model has increased the accessibility of cybercrime, increasing the volume and frequency of attacks.

Of note, software security company Semperis found that nearly 90% of companies that experienced a ransomware attack in 2024 were targeted on...

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