Google has warned that ransomware gangs are reinventing their business models as traditional encryption-based attacks become less profitable and data-theft extortion surges. According to new analysis, better cybersecurity controls, improved backup strategies, and stronger recovery capabilities mean more victims can restore their systems without paying, directly eroding criminal revenue. However, threat actors are not retreating; they are adapting their methods to make operations harder to disr
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Bridewell, a UK-based cybersecurity services company, has released its latest CTI Annual Report, a comprehensive deep dive into ransomware trends. It highlighted a significant shift in attack strategies, payment dynamics, and threat actor behaviors, revealing that data theft and extortion have overtaken traditional encryption-only ransomware as the most successful approach for attackers. While encryption-based attacks tend to result in larger individual ransom payments, often due to the urgenc
