Energy

At Davos 2024, cybersecurity took center stage as experts discussed the escalating risks posed by cyber threats such as malware, deepfakes, and misinformation. The Global Risks Report 2024 highlighted cyber insecurity as a global concern, with fewer than one in 10 executives believing that AI will give defenders an advantage over attackers.

According to a recent report by cyber risk intelligence firm Black Kite, ransomware attacks have seen a major resurgence from April 2022 to March 2023. The report highlights that the number of victims in March 2023 was almost double that of April 2022. This surge in ransomware attacks is attributed to the exploitation of vulnerabilities in third-party vendors by ransomware groups. Companies are advised to monitor their extended ecosystem continuously for susceptibility indicators and risk warning signs.