Are Ransomware Attacks Still a Growing Threat in 2024?
Ransomware attacks continue to pose a growing threat to organizations as it has emerged as the number one threat, affecting 66% of organizations in 2023 and pulling over $1 billion from the victims. These attacks have increased in frequency and sophistication, resulting in significant financial loss, operation disruption, theft of sensitive data, and reduced productivity rates. Also, it damages the organization's reputation and results in the loss of customer trust and compliance violations.