PRESS RELEASE
WATERLOO, ON, Oct. 31, 2024 /PRNewswire/ — OpenText (NASDAQ: OTEX), (TSX: OTEX), has revealed its extremely anticipated “Nastiest Malware of 2024” record, spotlighting the yr’s most infamous cyber threats. Now in its seventh yr, OpenText’s cybersecurity specialists have recognized probably the most relentless and adaptive malware traits impacting industries worldwide. This yr, ransomware aimed toward important infrastructure takes middle stage, highlighting an pressing name for bolstered safety to guard very important providers. In response, organizations are projected to extend their cybersecurity investments by 14.3% in 2024, reaching greater than $215 billion.
As soon as once more, ransomware group LockBit secures the #1 spot because the nastiest malware of the yr. Identified for its resilience and relentless pursuit of important targets, LockBit has efficiently dodged a number of regulation enforcement crackdowns. In accordance with the FBI’s 2023 2023 Web Crime report, LockBit was reported in 175 assaults on important infrastructure, underscoring its endurance and adaptableness. The continued standoff between the FBI and LockBit reveals the gritty persistence of as we speak’s ransomware market and its rising sophistication. For a number of months now, the battle for dominance between the FBI and LockBit has highlighted the persistence of the ransomware market and the way as expertise evolves these threats frequently lurk within the shadows.
“Ransomware assaults on important infrastructure are on the rise, and cybercriminals are more and more utilizing synthetic intelligence to develop extremely personalised threats, which considerably endangers nationwide safety and public security,” stated Muhi Majzoub, EVP and Chief Product Officer, OpenText. “Nevertheless, the elevated consideration on ransomware and cybersecurity is encouraging, as extra organizations are proactively prioritizing cybersecurity investments. This dedication highlights their dedication to safeguarding important providers from evolving threats.” The 2024 record showcases how adaptive and revolutionary every ransomware is, but in addition how effectively these threats push boundaries. With their malicious capabilities and evasiveness, these cybercriminals proceed to search out new methods to surpass our darkest expectations.
2024’s Nastiest Malware Corridor of Infamy:
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LockBit: This ransomware-as-a-service (RaaS) heavyweight leads the pack once more, unfazed by FBI efforts to take it down. LockBit’s goal? Goal a million companies earlier than calling it quits, solidifying its spot as a prime ransomware menace in 2024.
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Akira: A contemporary and ferocious entry, Akira brings a splash of ’80s aesthetics to the darkish internet, shortly climbing the ranks with ruthless encryption ways and swift deployment. It is particularly lively in healthcare, manufacturing, and finance, cementing itself as a go-to Ransomware-as-a-Service (RaaS) mannequin for associates.
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RansomHub: Rumored to be a descendant of the Black Cat (ALPHV) group, RansomHub burst onto the scene focusing on high-profile organizations. After attacking Deliberate Parenthood, this group made headlines by stealing and ransoming delicate affected person knowledge, threatening public publicity.
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Darkish Angels: Identified for its laser-focused, high-impact assaults on top-tier targets, Darkish Angels does not maintain again. Utilizing superior infiltration strategies, they’ve secured ransom funds as excessive as $75 million, leaving their mark on one of many yr’s largest Fortune 50 assaults.
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Redline: Not ransomware however nonetheless formidable, Redline Stealer makes a speciality of stealing credentials and delicate data with skillful evasion ways, making it a persistent headache throughout varied sectors.
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Play Ransomware: Making waves with high-profile assaults, Play Ransomware is as versatile as it’s relentless. From focusing on private and non-private sectors to exploiting FortiOS vulnerabilities and RDP servers, this group retains victims on their toes with ever-evolving methods.
Need the total rundown? Go to the OpenText Cybersecurity Neighborhood, view the infographic, and be part of us for our “Nastiest Malware Webinar” to dive deeper into this yr’s findings and keep forward of rising threats!
About OpenText Cybersecurity
OpenText Cybersecurity supplies complete safety options for corporations and companions of all sizes. From prevention, detection and response to restoration, investigation and compliance, our unified/end-to-end platform helps prospects construct cyber resilience through a holistic safety portfolio. Powered by actionable insights from our real-time and contextual menace intelligence, OpenText Cybersecurity prospects profit from high-efficacy merchandise, compliant expertise and simplified safety to assist handle enterprise danger.
About OpenText
OpenText™ is the main Info Administration software program and providers firm on this planet. We assist organizations resolve advanced international issues with a complete suite of Enterprise Clouds, Enterprise AI, and Enterprise Expertise. For extra details about OpenText (NASDAQ/TSX: OTEX), please go to us at www.opentext.com.
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