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Remote encryption based ransomware attacks on rise

Remote encryption attacks have become increasingly common, with criminal organizations targeting vulnerable devices as entry points to compromise entire networks.

In-house threat detection solutions struggle to identify and counteract these attacks due to their remote nature.

Sophos, a UK-based cybersecurity firm, has reported a significant 62% increase in intentional remote encryption attacks since September 2022, with projections indicating further escalation.

Cybercriminals are adopting artificial intelligence tactics, scanning billions of devices for vulnerabilities and achieving success rates of up to 73%, making their campaigns highly effective and profitable.

Sophos has issued a cautionary alert ahead of the holiday season, warning that prominent ransomware groups are expected to target large and small companies, particularly in the technology, manufacturing, and healthcare sectors.

Hackers commonly infiltrate networks through phishing or brute force attacks, stealing and encrypting information before demanding a ransom for its release.

Key Points:
1. Criminal organizations are increasingly using remote encryption attacks to compromise entire networks.
2. In-house threat detection solutions struggle to counteract these attacks due to their remote nature.
3. Sophos has reported a significant increase in intentional remote encryption attacks, with projections indicating further escalation.
4. Cybercriminals are adopting artificial intelligence tactics to make their campaigns more effective and profitable.
5. Sophos warns that ransomware groups are expected to target companies during the holiday season, particularly in the technology, manufacturing, and healthcare sectors.

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