How MFA Failures are Fueling a 500% Surge in Ransomware Losses

Cybersecurity firm Sophos reports a 500% surge in average ransomware payments in the past year, with businesses now paying an average of $2 million to resolve attacks. The alarming trend highlighted in their "State of Ransomware 2024" report raises urgent concerns about the escalating cost and frequency of cyber extortion. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: The Hacker News

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