Intelligent CISO Issue 87 | Page 19

cyber

TRENDS
With the number of these machine identities expected to grow exponentially in the coming years as enterprises continue to rapidly adopt AI, the lack of proper credential management and the exposure of these identities to third parties creates serious vulnerabilities that cyberattackers can exploit to gain unauthorised access to critical systems and data.”
According to the data, attacks are growing in frequency and sophistication. In 2024, cybercriminals embraced‘ double extortion’ tactics, not only encrypting victim’ s data but also stealing it and threatening public release unless a ransom is paid. Delinea’ s monitoring identified five key ransomware groups – RansomHub, LockBit, Play, Akira, and Hunters – as being responsible for over a third of all ransomware incidents last year, amounting to more than 5,700 attacks.
Looking ahead, the report anticipates a significant increase in AI-driven phishing attacks. Cybercriminals are leveraging AI to craft increasingly convincing and personalised phishing emails, making it far more challenging for individuals to distinguish legitimate communications from malicious attempts to steal credentials and sensitive information.
“ The rise in ransomware sophistication and the increasing prevalence of AI-driven attacks are undeniable trends in today’ s cybersecurity landscape,” said Gal Diskin, Vice President of Threat and Research at Delinea.“ Our research reveals that cybercriminals are increasingly using AI and powerful Ransomware-as-a-Service( RaaS) tools to launch more targeted and scalable attacks, particularly around phishing and machine identities.”
According to the data, attacks are growing in frequency and sophistication. In 2024, cybercriminals embraced‘ double extortion’ tactics, not only encrypting victim’ s data but also stealing it and threatening public release unless a ransom is paid.
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