Action needed amid escalating ransomware attacks, record-high payments

With ransomware payments exceeding $1 billion for the first time last year amid an almost 18% increase in ransomware attack prevalence between 2022 and 2023, the Institute for Security and Technology's Ransomware Task Force has called for the accelerated implementation of its nearly 50 recommendations in combating ransomware attacks, only half of which have been addressed over the last three years, Cybernews reports.

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