Microsoft reports surge in ransomware attacks but successful breaches decline

techrepublic.com October 17, 2024, 11:01 PM UTC

Summary: Microsoft's latest report reveals a significant rise in ransomware attempts, increasing by 2.75 times over the past year. Despite this surge, successful attacks that lead to data encryption and ransom demands have decreased by three-fold, thanks to improved automatic disruption technologies.

The report highlights that attackers are increasingly using tactics traditionally associated with nation-state actors, blurring the lines between cybercrime and state-sponsored activities. Microsoft tracks over 1,500 threat groups, with the top five ransomware families responsible for 51% of attacks.

Generative AI is now being utilized by both attackers and defenders, raising new cybersecurity challenges. Microsoft emphasizes the need for organizations to adopt stronger security measures, including multi-factor authentication and robust data protection policies, to combat these evolving threats.

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