Press release
Zscaler’s Annual Ransomware Report Uncovers Record-Breaking Ransom Payment of US$75 Million, Reinforcing the Need for Zero Trust
Key Findings: ThreatLabz tracked an 18% increase in ransomware attacks year-over-yearManufacturing, healthcare, and technology sectors were the top targets of
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[{"type":"text","content":"Key Findings: ThreatLabz tracked an 18% increase in ransomware attacks year-over-yearManufacturing, healthcare, and technology sectors were the top targets of ransomware attacksThe United States remains the top target of ransomware, experiencing nearly 50% of overall attacks, followed by the United Kingdom, Germany, Canada, and FranceThreatLabz identified 19 new ransomware families during the analysis period, bringing the total number to 391 since tracking started SAN JOSE, Calif., July 30, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today published its Zscaler ThreatLabz 2024 Ransomware Report, which analyzed the ransomware threat landscape from April 2023 through April 2024. The annual report details the latest ransomware attack trends and targets, ransomware families, and effective defense strategies. Findings in the report uncovered an 18% overall increase in ransomware attacks year-over-year, as well as a record-breaking ransom payment of US$75 million – nearly double the highest publicly known ransomware payout – to the Dark Angels ransomware group. ThreatLabz believes Dark Angels’ success will drive other ransomware groups to use similar tactics, reinforcing the need for organizations to prioritize protection against rising and ever-more costly ransomware attacks. “Ransomware defense remains a top priority for CISOs in 2024. The increasing use of ransomware-as-a-service models, along with numerous zero-day attacks on legacy systems, a rise in vishing attacks and the emergence of AI-powered attacks, has led to record breaking ransom payments,” said Deepen Desai, Chief Security Officer at Zscaler. “Organizations must prioritize Zero Trust architecture to strengthen their security posture against ransomware attacks. This is where an AI-powered Zero Trust platform like Zscaler helps organizations fast-track their segmentation journeys, reducing the blast radius as well as shutting down unknown vectors for future AI-driven attacks.” Top industries impacted by ransomwareRansomware attacks pose significant risks to businesses of all sizes and industries. The manufacturing industry was by far the most targeted according to the report, facing more than twice as many attacks as any other industry. Industries face unique ransomware challenges based on how they operate, handle data, and their te...