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PRESS RELEASE
WATERLOO, ON, Oct. 31, 2024 /PRNewswire/ — OpenText (NASDAQ: OTEX), (TSX: OTEX), has revealed its extremely anticipated “Nastiest Malware of 2024” checklist, spotlighting the 12 months’s most infamous cyber threats. Now in its seventh 12 months, OpenText’s cybersecurity specialists have recognized probably the most relentless and adaptive malware traits impacting industries worldwide. This 12 months, ransomware aimed toward crucial infrastructure takes heart stage, highlighting an pressing name for bolstered safety to guard important providers. In response, organizations are projected to extend their cybersecurity investments by 14.3% in 2024, reaching greater than $215 billion.
As soon as once more, ransomware group LockBit secures the #1 spot because the nastiest malware of the 12 months. Identified for its resilience and relentless pursuit of crucial targets, LockBit has efficiently dodged a number of regulation enforcement crackdowns. In accordance with the FBI’s 2023 2023 Internet Crime report, LockBit was reported in 175 assaults on crucial infrastructure, underscoring its endurance and flexibility. The continuing standoff between the FBI and LockBit exhibits the gritty persistence of at this time’s ransomware market and its rising sophistication. For a number of months now, the battle for dominance between the FBI and LockBit has highlighted the persistence of the ransomware market and the way as know-how evolves these threats regularly lurk within the shadows.
“Ransomware assaults on crucial infrastructure are on the rise, and cybercriminals are more and more utilizing synthetic intelligence to develop extremely customized threats, which considerably endangers nationwide safety and public security,” mentioned Muhi Majzoub, EVP and Chief Product Officer, OpenText. “Nevertheless, the elevated consideration on ransomware and cybersecurity is encouraging, as extra organizations are proactively prioritizing cybersecurity investments. This dedication highlights their dedication to safeguarding important providers from evolving threats.” The 2024 checklist showcases how adaptive and progressive every ransomware is, but in addition how properly these threats push boundaries. With their malicious capabilities and evasiveness, these cybercriminals proceed to search out new methods to surpass our darkest expectations.
2024’s Nastiest Malware Corridor of Infamy:
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LockBit: This ransomware-as-a-service (RaaS) heavyweight leads the pack once more, unfazed by FBI efforts to take it down. LockBit’s goal? Goal a million companies earlier than calling it quits, solidifying its spot as a high ransomware menace in 2024.
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Akira: A contemporary and ferocious entry, Akira brings a splash of ’80s aesthetics to the darkish net, rapidly climbing the ranks with ruthless encryption ways and swift deployment. It is particularly lively in healthcare, manufacturing, and finance, cementing itself as a go-to Ransomware-as-a-Service (RaaS) mannequin for associates.
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RansomHub: Rumored to be a descendant of the Black Cat (ALPHV) group, RansomHub burst onto the scene concentrating on high-profile organizations. After attacking Deliberate Parenthood, this group made headlines by stealing and ransoming delicate affected person knowledge, threatening public publicity.
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Darkish Angels: Identified for its laser-focused, high-impact assaults on top-tier targets, Darkish Angels does not maintain again. Utilizing superior infiltration strategies, they’ve secured ransom funds as excessive as $75 million, leaving their mark on one of many 12 months’s largest Fortune 50 assaults.
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Redline: Not ransomware however nonetheless formidable, Redline Stealer makes a speciality of stealing credentials and delicate data with skillful evasion ways, making it a persistent headache throughout varied sectors.
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Play Ransomware: Making waves with high-profile assaults, Play Ransomware is as versatile as it’s relentless. From concentrating on private and non-private sectors to exploiting FortiOS vulnerabilities and RDP servers, this group retains victims on their toes with ever-evolving methods.
Need the total rundown? Go to the OpenText Cybersecurity Community, view the infographic, and be a part of us for our “Nastiest Malware Webinar” to dive deeper into this 12 months’s findings and keep forward of rising threats!
About OpenText Cybersecurity
OpenText Cybersecurity gives complete safety options for corporations and companions of all sizes. From prevention, detection and response to restoration, investigation and compliance, our unified/end-to-end platform helps prospects construct cyber resilience through a holistic safety portfolio. Powered by actionable insights from our real-time and contextual menace intelligence, OpenText Cybersecurity prospects profit from high-efficacy merchandise, compliant expertise and simplified safety to assist handle enterprise threat.
About OpenText
OpenText™ is the main Data Administration software program and providers firm on the planet. We assist organizations clear up advanced international issues with a complete suite of Enterprise Clouds, Enterprise AI, and Enterprise Expertise. For extra details about OpenText (NASDAQ/TSX: OTEX), please go to us at www.opentext.com.
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Sure statements on this press launch could include phrases thought of forward-looking statements or data beneath relevant securities legal guidelines. These statements are primarily based on OpenText’s present expectations, estimates, forecasts and projections in regards to the working atmosphere, economies, and markets wherein the corporate operates. These statements are topic to vital assumptions, dangers and uncertainties which can be tough to foretell, and the precise consequence could also be materially completely different. OpenText’s assumptions, though thought of affordable by the corporate on the date of this press launch, could show to be inaccurate and consequently its precise outcomes might differ materially from the expectations set out herein. For added data with respect to dangers and different elements which might happen, see OpenText’s Annual Report on Kind 10-Ok, Quarterly Stories on Kind 10-Q and different securities filings with the SEC and different securities regulators. Readers are cautioned to not place undue reliance upon any such forward-looking statements, which converse solely as of the date made. Until in any other case required by relevant securities legal guidelines, OpenText disclaims any intention or obligations to replace or revise any forward-looking statements, whether or not on account of new data, future occasions or in any other case. Additional, readers ought to be aware that we could announce data utilizing our web site, press releases, securities regulation filings, public convention calls, webcasts and the social media channels recognized on the Traders part of our web site (https://investors.opentext.com). Such social media channels could embody the Firm’s or our CEO’s weblog, Twitter account or LinkedIn account. The knowledge posted by way of such channels could also be materials. Accordingly, readers ought to monitor such channels along with our different types of communication.
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