OpenText cybersecurity unveils 2024’s nastiest malware: Ransomware threats escalate against critical infrastructure

OpenText has revealed its highly anticipated “Nastiest Malware of 2024” list, spotlighting the year’s most notorious cyber threats. Now in its seventh year, OpenText’s cybersecurity experts have identified the most relentless and adaptive malware trends impacting industries worldwide. This year, ransomware aimed at critical infrastructure takes center stage, highlighting an urgent call for reinforced security to protect vital services. In response, organisations are projected to increase their cybersecurity investments by 14.3% in 2024, reaching more than $215 billion.

Once again, ransomware group LockBit secures the #1 spot as the nastiest malware of the year. Known for its resilience and relentless pursuit of critical targets, LockBit has successfully dodged multiple law enforcement crackdowns. According to the FBI’s 2023 2023 Internet Crime report, LockBit was reported in 175 attacks on critical infrastructure, underscoring its staying power and adaptability. The ongoing standoff between the FBI and ...