The Medusa ransomware gang has attacked over 300 organizations across healthcare, education, legal, insurance, technology, and manufacturing sectors, according to an advisory from the FBI, CISA, and MS-ISAC.

What began in 2016 as a crude banking malware written in Delphi has grown into one of the most sophisticated cybercrime operations in the world. The Grandoreiro network, developed by a Brazilian criminal group, now operates on a global scale—targeting banks, stealing credentials, and moving stolen funds through a network of money mules and cryptocurrency.

The rise of AI has not only revolutionized industries but also reshaped cybercrime. Phishing attacks, once riddled with spelling errors and obvious flaws, now mimic trusted contacts with frightening accuracy, leveraging AI tools like generative chatbots and deepfake technology. From hyper-personalized spear phishing emails to cloned voices in vishing scams, attackers are scaling their efforts like never before.