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After a lull in 2022, ransomware attacks on high-value targets such as big companies, banks, hospitals or government agencies, have seen a "massive uptick" this year, rising 51% through late November, according to cybersecurity firm Crowdstrike Holdings Inc. Last year, such attacks declined from the year before, the company said. And the breaches are costing victims more money. Payments made to hackers who hold systems hostage for ransom increased by almost half through September, according to blockchain analytics firm Chainalysis Inc., totaling almost $500 million in payouts.
Property & Casualty
December 18, 2023, 12:27 AM