2024 ransomware threats to rise: AI-enhanced tools, mobile devices, supply chains; cyber risk tops business concerns, ransomware claims up 50%.
Cyber threats continue to escalate, with three major trends expected to drive ransomware attacks in 2024: the rise of AI-enhanced cybercriminal tools, the increase in mobile-connected devices, and the shift towards targeting IT and physical supply chains. Ransomware claims activity has increased by over 50% year-on-year, with cybercriminals using more sophisticated tools and targeting larger organizations. The annual Allianz Risk Barometer survey ranks cyber risk as the top concern for businesses, with ransomware claims and extortion losses on the rise.
March 18, 2024
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