In May 2023, the Dallas City Government was hugely disrupted by a ransomware attack. Ransomware attacks are so-called because the hackers behind them encrypt vital data and demand a ransom in order to get the information decrypted.
Avast, a leading global digital security and privacy consumer brand by Gen™ (NASDAQ: GEN), anticipates an increased risk of ransomware attacks in 2023 threatening to leak people’s and businesses’ valuable data if ransom demands aren’t paid. Additionally, Avast researchers foresee optimization of social engineering used in scam attacks, taking advantage of economic hardships and energy crisis fears. The experts also expect increased malicious activity overall, as open-source malware becomes more accessible, and cybergangs recruit hacktivists to join their causes. Continue reading