What You Need to Know About Ransomware in 2024

Ransomware has been a major issue over the past couple of years. It has affected businesses of all types, government agencies, and many more. Today, we thought we would discuss how ransomware tactics have shifted in 2024. 

More Sophisticated

Ransomware in 2024 has gotten a lot smarter and more dangerous than it used to be. One big change is that hackers are using AI to help them attack people’s computers. In the past, they would usually send fake emails to trick people into clicking bad links, but now AI helps them scan computers to find weaknesses. This means the attacks are more specific and harder to catch before they do damage.

Multiple Extortion

Another new thing in 2024 is that hackers don’t just demand money to give back your data. They have started using what’s called triple extortion. First, they lock up your files and ask for money to unlock them. Then, they threaten to leak your private data if you don’t pay; and now, they even go after your customers or friends, saying they’ll expose their information too if you don’t pay. This makes companies even more desperate to pay quickly because it can hurt their reputation if the attack spreads.

Not Just Targeting Business

In 2024, ransomware isn't just attacking businesses. It’s also targeting things like hospitals, power grids, and transportation systems. These places are really important because they help people stay safe and keep things running smoothly. If a hacker attacks a hospital or the electric grid, it could cause big problems in real life, not just with computer files. These kinds of attacks are getting more common and are making governments very worried.

Cryptocurrency (and Not Just Bitcoin)

Hackers still love using cryptocurrency to get paid because it’s hard to track. But in 2024, police have gotten better at figuring out where the money goes. So now, hackers are trying new ways to get paid, like using different types of money that are even harder to trace or trading things in secret. It’s like a game of hide-and-seek between the hackers and the people trying to catch them.

Keeping clear of ransomware is essential to keeping your business afloat. If you would like to have a conversation with the Chicagoland cybersecurity professionals about keeping your guard up against ransomware and the many other threats out there, give us a call at (866) 546-1004.